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Coromandel: Pushing ahead
Oct 31: Coromandel has boosted its revenue by 34% and has also witnessed market share expansion in phosphatic fertilizer business
8The company has also guided for 15-16% EBITDA margin in crop protection business in FY19 and an EBITDA/MT of 2,500 in the fertilizer business.
8The company performance was mainly driven by improved customer reach and marketing capabilities, differentiated product offerings, smart sourcing and efficient manufacturing.
8A stable outlook is expected for H2FY19 considering improved reservoir levels in Southern markets and prediction of normal North East monsoons. Stabilization of DBT in fertiliser and reduction in GST rates on Phosphoric acid are expected to improve working capital situation, going forward.
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