Business

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

.Income from functions fell concerning 17 per cent to Rs 4,729 crore.|Photo: Facebook1 minutes read through Final Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International disclosed a 37.1 per cent join first-quarter earnings on Wednesday, harmed through weak spot in its fertilizer as well as nutrients business.The company's internet revenue after tax fell to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year previously.Profits from operations dropped regarding 17 percent to Rs 4,729 crore, producing it the business's fifth consecutive fourth of decrease.KEY SITUATION.Agrochemical as well as plant food firms have reported a dull efficiency as excessive stock in the residential market pressed their sales amounts as well as scopes.However, domestic need is actually anticipated to detect the potential customers of above-average gale rains this year and also a bumper harvesting, experts said.Peer SRF uploaded a drop in its own revenue for the one-fourth, injured through weak need in its own chemicals company, while Deepak Fertilisers and Petrochemicals submitted revenue surge, helped by lesser input cost.( Merely the heading and also image of this file might have been modified due to the Organization Standard personnel the rest of the content is auto-generated coming from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.