Business

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

.Income from procedures lost about 17 per cent to Rs 4,729 crore.|Picture: Facebook1 minutes went through Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International stated a 37.1 per cent fall in first-quarter revenue on Wednesday, harmed by weak point in its fertiliser as well as nutrients organization.The provider's net earnings after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth coming from Rs 494 crore a year previously.Revenue coming from operations fell regarding 17 per-cent to Rs 4,729 crore, making it the provider's fifth successive quarter of downtrend.TRICK SITUATION.Agrochemical as well as fertilizer firms have reported an uninspired efficiency as too much supply in the residential market pushed their sales quantities and margins.However, domestic demand is expected to notice the potential customers of above-average gale rains this year and also a bumper harvest, professionals claimed.Peer SRF submitted a decrease in its own earnings for the one-fourth, hurt through weak need in its own chemicals business, while Deepak Fertilisers and also Petrochemicals posted profit surge, helped by reduced input cost.( Merely the heading and also photo of this document may have been actually revamped by the Business Requirement workers the rest of the information is actually auto-generated from a syndicated feed.) Very First Released: Aug 07 2024|10:55 PM IST.