Business

Coromandel International Q1 results: Earnings drops 37.1% to Rs 311 cr Company Results

.Profits from procedures lost regarding 17 per-cent to Rs 4,729 crore.|Photograph: Facebook1 minutes read Final Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International mentioned a 37.1 percent join first-quarter income on Wednesday, injured by weak point in its fertiliser and also nutrients organization.The company's internet income after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth coming from Rs 494 crore a year earlier.Revenue from operations lost regarding 17 per-cent to Rs 4,729 crore, making it the company's 5th consecutive fourth of downtrend.KEY CONTEXT.Agrochemical and also fertilizer providers have actually disclosed an uninspired performance as too much inventory in the residential market pressured their sales quantities and also frames.However, domestic requirement is actually expected to identify the prospects of above-average gale storms this year and a bumper harvesting, professionals stated.Peer SRF published a decrease in its income for the one-fourth, harmed through weak demand in its chemicals service, while Deepak Fertilisers and also Petrochemicals uploaded income surge, aided by lesser input cost.( Merely the title and image of this record might possess been actually remodelled by the Organization Criterion staff the rest of the web content is auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.