Shares of Coromandel International fell nearly 3.6% to Rs 2,174.50 on Wednesday (October 30), reacting to the company’s September quarter earnings. The stock opened lower and extended losses through the session, compared with a previous close of Rs 2,254.60 on the NSE.
The company reported strong year-on-year numbers for Q2 FY26, with net profit rising 21.3% to Rs 805.2 crore versus Rs 664 crore a year ago. Revenue jumped 30% to Rs 9,654 crore compared to Rs 7,433 crore in the same period last year. EBITDA increased 17.6% to Rs 1,147 crore from Rs 975 crore, while margins softened to 12% from 13% YoY.
Despite the robust financial performance, the stock witnessed selling pressure as investors reacted to margin contraction and broader market sentiment.
At around 2:00 PM, Coromandel International traded at Rs 2,174.50, down Rs 80.10 or 3.55%, with a market cap of Rs 649.65 billion. The stock has a 52-week range of Rs 1,596 to Rs 2,718.90.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
