Business

Coromandel International Q1 leads: Profit loses 37.1% to Rs 311 cr Company End results

.Revenue coming from operations went down regarding 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 minutes read Last Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International mentioned a 37.1 per cent fall in first-quarter revenue on Wednesday, injured through weak spot in its fertiliser as well as nutrients company.The provider'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.Profits coming from functions fell concerning 17 per cent to Rs 4,729 crore, creating it the firm's 5th successive one-fourth of downtrend.KEY CONTEXT.Agrochemical and also plant food providers have actually reported a poor functionality as extreme supply in the domestic market pushed their sales quantities and frames.Nevertheless, residential need is actually counted on to pick up on the customers of above-average monsoon rains this year and a bumper harvest, professionals pointed out.Peer SRF published a drop in its revenue for the fourth, harmed through unstable requirement in its own chemicals business, while Deepak Fertilisers and Petrochemicals submitted income increase, assisted by lower input expense.( Merely the heading and also photo of this record might possess been actually revamped by the Service Criterion workers the remainder of the web content is actually auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.