Business

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

.Revenue coming from procedures dropped about 17 percent to Rs 4,729 crore.|Picture: Facebook1 minutes reviewed Final Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International reported a 37.1 per cent join first-quarter revenue on Wednesday, harmed by weakness in its own fertiliser as well as nutrients service.The firm's net earnings after tax fell to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year previously.Profits coming from functions dropped concerning 17 per cent to Rs 4,729 crore, making it the company's fifth consecutive quarter of decrease.KEY SITUATION.Agrochemical as well as plant food business have actually reported a lackluster performance as excessive stock in the domestic market pushed their sales amounts and also frames.Nevertheless, domestic need is actually counted on to detect the customers of above-average gale rainfalls this year as well as a bumper produce, professionals mentioned.Peer SRF published a come by its income for the quarter, injured through weak need in its chemicals company, while Deepak Fertilisers as well as Petrochemicals posted profit rise, helped by lesser input cost.( Only the headline as well as image of this report may possess been reworked due to the Organization Specification staff the remainder of the material is auto-generated from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.

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