Coromandel International announced its Q2 FY26 results, highlighting a consolidated revenue from operations of ₹9,654.13 crores. The board approved the reappointment of Mr. Arun Alagappan as Executive Chairman and inter-corporate loans to NACL Industries. The company is issuing a letter of comfort up to ₹550 Crores to support NACL Industries’ enhanced credit rating and loan access.
Financial Performance in Q2 FY26
Coromandel International reported unaudited financial results for Q2 FY26, ending September 30, 2025. Key figures include:
- Revenue from operations (Consolidated): ₹9,654.13 crores
- Profit after Tax (Attributable to owners): ₹793.44 crores
Board Approvals and Key Decisions
The Board of Directors, in its meeting on October 30, 2025, approved the following key items:
- Re-appointment of Executive Chairman: Mr. Arun Alagappan re-appointed as Whole-time Director, designated as Executive Chairman for a 5-year term from February 15, 2026, to February 14, 2031.
- Inter-Corporate Loan: Approved providing inter-corporate loans to NACL Industries Limited, a subsidiary company, totaling ₹160 Crores.
Support for NACL Industries Limited
Coromandel International will issue a Letter of Comfort up to ₹550 Crores in favor of lenders/banks/financial institutions for loans to NACL Industries Limited and its subsidiaries. This support aims to improve NACL’s credit rating, facilitating access to competitive interest rates.
Segment Performance
Segment-wise performance highlights for the quarter:
- Nutrient and other allied business: Revenue of ₹8,660.87 crores.
- Crop protection: Revenue of ₹1,068.88 crores.
Auditor’s Review
The financial results have been reviewed by the Statutory Auditors, S.R. Batliboi & Associates LLP, who issued an unmodified opinion.
Source: BSE