Motilal Oswal: Coromandel International - Higher Gross Margin Results In Q2 Beat On Ebitda
Motilal Oswal: Coromandel International - Higher Gross Margin Results In Q2 Beat On Ebitda
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Coromandel International Ltd. reported a robust Ebitda performance, led by expansion in the gross margin, higher crop protection revenue, and margin expansion in the fertilizer and crop protection segments.
Q2 FY21 revenue de-grew 5% YoY to Rs 46.1 billion (versus estimate Rs 45.2 billion).
Overall fertilizer volumes de-grew 2% YoY on lower manufacturing volumes (down 17% YoY), offset by higher trading volumes (up 89% YoY).
Ebitda margins expanded 360 basis point to 18.3% (versus estimate 15.4%), primarily on the back of gross margin expansion (up 600 basis point YoY to 33.5%).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.