Coromandel International Limited Q4FY12 - First Cut - GEPL Capital

Coromandel International Limited Q4FY12 consolidated result:

Net sales showed a 132% increase from Rs11,792 mn in Q4FY11 to Rs27,356 mn in Q4FY12 owing to sales of Sabero organics that Coromandel acquired during the previous quarter. Hence, the results are not exactly comparable on a Y-o-Y basis.

Subsidy income (included in Net sales) was Rs53.6 for Q4FY12 vs Rs4.9 mn for Q4FY11.

EBITDA showed a 59% Y-o-Y growth; however, EBITDA margin was 217 bps lower at 5.7% vs 7.9% PAT at Rs669 mn was 5.8% lower on a Y-o-Y basis. PAT margin, too was 2.4% for Q4FY12 vs 6% for Q4FY11.

Source : Equity Bulls

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