Business

Coromandel International Q1 results: Profit drops 37.1% to Rs 311 cr Firm Outcomes

.Income from operations dropped about 17 percent to Rs 4,729 crore.|Photo: Facebook1 min read through Last Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International mentioned a 37.1 per cent fall in first-quarter income on Wednesday, hurt through weakness in its own fertiliser as well as nutrients service.The firm's net revenue after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year earlier.Revenue from functions lost concerning 17 percent to Rs 4,729 crore, making it the business's 5th consecutive one-fourth of decrease.TRICK CONTEXT.Agrochemical and also plant food firms have disclosed a lackluster performance as excessive inventory in the residential market pressed their sales quantities and also margins.Having said that, domestic need is actually counted on to detect the prospects of above-average gale rains this year and also a bumper harvest, experts claimed.Peer SRF uploaded a decrease in its earnings for the fourth, injured by unstable demand in its chemicals company, while Deepak Fertilisers and Petrochemicals submitted revenue rise, aided by reduced input expense.( Merely the headline and also photo of this report may possess been revamped due to the Company Standard personnel the rest of the material is auto-generated from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.