Business

Coromandel International Q1 results: Revenue drops 37.1% to Rs 311 cr Company Outcomes

.Profits coming from operations fell regarding 17 per-cent to Rs 4,729 crore.|Picture: Facebook1 minutes read through Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International stated a 37.1 percent join first-quarter earnings on Wednesday, hurt by weak point in its own fertilizer and also nutrients company.The provider's net income after tax obligation was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year earlier.Profits coming from procedures fell regarding 17 per-cent to Rs 4,729 crore, making it the company's 5th successive fourth of decline.TRICK SITUATION.Agrochemical as well as plant food business have reported a dull efficiency as extreme stock in the residential market pressed their purchases volumes and also frames.Nevertheless, domestic demand is counted on to notice the potential customers of above-average downpour rainfalls this year and also a bumper produce, analysts said.Peer SRF published a come by its own profit for the one-fourth, injured by weak demand in its own chemicals service, while Deepak Fertilisers as well as Petrochemicals published income growth, helped by reduced input expense.( Merely the headline and picture of this document may possess been modified due to the Service Standard workers the remainder of the content is actually auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.