Business

Coromandel International Q1 results: Income loses 37.1% to Rs 311 cr Firm End results

.Income coming from operations dropped about 17 percent to Rs 4,729 crore.|Picture: Facebook1 min went through Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International mentioned a 37.1 per cent fall in first-quarter profit on Wednesday, injured by weak spot in its fertiliser and also nutrients organization.The provider's web revenue after tax fell to Rs 311 crore ($ 37.05 million) for the April-June quarter coming from Rs 494 crore a year earlier.Income from functions went down regarding 17 per-cent to Rs 4,729 crore, creating it the business's 5th successive one-fourth of decline.KEY SITUATION.Agrochemical as well as plant food companies have actually disclosed a lackluster efficiency as excessive supply in the residential market compelled their purchases quantities as well as margins.Having said that, domestic need is actually counted on to pick up on the customers of above-average monsoon rainfalls this year and a bumper produce, analysts stated.Peer SRF uploaded a decrease in its own revenue for the fourth, hurt through weak requirement in its chemicals organization, while Deepak Fertilisers as well as Petrochemicals published income increase, helped by reduced input cost.( Simply the headline as well as picture of this document may possess been actually remodelled by the Company Requirement workers the remainder of the content is auto-generated coming from a syndicated feed.) Very First Published: Aug 07 2024|10:55 PM IST.