Lower Rabi subsidy rates impacting H2 margins
The government reduced NBS rates for H2 FY24, which will lower subsidy realization and compress margins, especially for non-integrated players.
high · management_commentaryCoromandel International Limited — Q2 FY24
Coromandel reported Q2 FY24 consolidated revenue of INR 7,033 crore, down ~31% YoY due to lower subsidy rates, but EBITDA remained flat at INR 1,059 crore and PAT grew 2% to INR...
neutral
medium
Financial stats pending filing verification
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Weak reservoir levels in southern India
Reservoir levels in southern markets are at 64% of long-period average, which could constrain Rabi demand despite forecast of normal northeast monsoon.
medium · management_commentarySustained price pressure from Chinese dumping in agrochemicals
Chinese dumping of agrochemicals at low prices continues to pressure margins in the crop protection business, with no clear timeline for normalization.
medium · analyst_question