Business

Coromandel International Q1 results: Revenue drops 37.1% to Rs 311 cr Business Results

.Income coming from operations dropped regarding 17 per cent to Rs 4,729 crore.|Photo: Facebook1 minutes went through Last Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals solid Coromandel International disclosed a 37.1 per-cent fall in first-quarter earnings on Wednesday, injured by weakness in its fertiliser and also nutrients service.The company's internet profit after tax was up to Rs 311 crore ($ 37.05 million) for the April-June quarter from Rs 494 crore a year earlier.Profits from procedures lost regarding 17 per cent to Rs 4,729 crore, producing it the company's fifth successive quarter of decrease.KEY CIRCUMSTANCE.Agrochemical and plant food companies have stated a dull functionality as extreme supply in the residential market pressed their purchases quantities and also frames.Having said that, residential demand is expected to detect the leads of above-average gale rainfalls this year and also a bumper harvesting, analysts pointed out.Peer SRF uploaded a drop in its income for the one-fourth, injured through weak demand in its own chemicals company, while Deepak Fertilisers as well as Petrochemicals posted income growth, aided through lesser input cost.( Merely the headline and image of this document might possess been actually reworked by the Company Standard team the remainder of the web content is actually auto-generated from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.