Business

Coromandel International Q1 results: Revenue goes down 37.1% to Rs 311 cr Business End results

.Revenue from operations went down regarding 17 percent to Rs 4,729 crore.|Photograph: Facebook1 minutes checked out Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals secure Coromandel International mentioned a 37.1 percent fall in first-quarter income on Wednesday, harmed by weak spot in its own fertiliser and nutrients business.The company's web profit after tax obligation fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year previously.Earnings from procedures fell concerning 17 percent to Rs 4,729 crore, creating it the firm's fifth consecutive fourth of decline.KEY CIRCUMSTANCE.Agrochemical and plant food firms have disclosed an uninspired performance as too much supply in the residential market compelled their sales amounts and margins.However, domestic demand is actually counted on to identify the potential customers of above-average gale storms this year and also a bumper produce, experts pointed out.Peer SRF posted a decrease in its revenue for the fourth, harmed through weak demand in its own chemicals business, while Deepak Fertilisers and also Petrochemicals published income rise, helped through reduced input cost.( Only the headline and also picture of this report might have been revamped due to the Company Standard workers the remainder of the information is auto-generated from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.

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