Business

Coromandel International Q1 results: Earnings falls 37.1% to Rs 311 cr Business Results

.Earnings from procedures dropped concerning 17 per cent to Rs 4,729 crore.|Photo: Facebook1 minutes reviewed Final Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International stated a 37.1 per cent join first-quarter revenue on Wednesday, hurt by weak spot in its own fertilizer and nutrients company.The business's web revenue after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year earlier.Profits coming from operations fell about 17 per-cent to Rs 4,729 crore, making it the business's fifth successive one-fourth of decline.SECRET CONTEXT.Agrochemical and also plant food providers have actually disclosed a dull performance as excessive stock in the residential market compelled their purchases volumes as well as margins.Nevertheless, domestic requirement is actually anticipated to detect the prospects of above-average gale rainfalls this year and also a bumper harvest, professionals stated.Peer SRF posted a come by its income for the fourth, injured by weak requirement in its own chemicals company, while Deepak Fertilisers as well as Petrochemicals posted revenue growth, aided through reduced input expense.( Just the title as well as picture of this document may possess been actually remodelled due to the Business Specification personnel the rest of the material is actually auto-generated from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.