Business

Coromandel International Q1 results: Revenue drops 37.1% to Rs 311 cr Provider End results

.Income from procedures dropped concerning 17 percent to Rs 4,729 crore.|Photo: Facebook1 min read through Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International stated a 37.1 per cent join first-quarter earnings on Wednesday, harmed through weakness in its fertilizer and also nutrients organization.The firm's internet income after tax obligation was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year earlier.Earnings from operations lost regarding 17 per-cent to Rs 4,729 crore, producing it the provider's fifth successive quarter of decrease.KEY CIRCUMSTANCE.Agrochemical as well as plant food business have mentioned a lackluster performance as extreme stock in the domestic market pressed their sales quantities as well as margins.However, residential need is actually counted on to detect the customers of above-average downpour storms this year and also a bumper harvesting, professionals said.Peer SRF uploaded a come by its profit for the quarter, hurt through unstable requirement in its chemicals business, while Deepak Fertilisers and also Petrochemicals published profit surge, assisted through lesser input cost.( Merely the headline and also image of this record might have been revamped due to the Business Requirement workers the rest of the information is actually auto-generated from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.