Business

Coromandel International Q1 results: Income goes down 37.1% to Rs 311 cr Business Outcomes

.Earnings coming from operations went down concerning 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 min checked out Final Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals strong Coromandel International stated a 37.1 per-cent join first-quarter revenue on Wednesday, harmed through weakness in its own fertilizer and nutrients organization.The company's internet profit after tax obligation was up to Rs 311 crore ($ 37.05 million) for the April-June quarter from Rs 494 crore a year earlier.Revenue from operations fell regarding 17 percent to Rs 4,729 crore, producing it the business's 5th successive quarter of decline.KEY CONTEXT.Agrochemical and plant food firms have actually reported a lackluster functionality as too much supply in the residential market pressured their purchases quantities as well as margins.Nonetheless, residential demand is counted on to pick up on the prospects of above-average monsoon storms this year and also a bumper produce, experts claimed.Peer SRF published a decrease in its own profit for the one-fourth, harmed through weak requirement in its own chemicals service, while Deepak Fertilisers and also Petrochemicals posted profit rise, assisted by lower input expense.( Only the title and also image of this document might possess been actually revamped by the Service Requirement staff the rest of the content is actually auto-generated coming from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.

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