Business

Coromandel International Q1 results: Profit loses 37.1% to Rs 311 cr Business Outcomes

.Income from operations went down regarding 17 percent to Rs 4,729 crore.|Picture: Facebook1 minutes read Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International disclosed a 37.1 per cent fall in first-quarter revenue on Wednesday, harmed by weakness in its fertilizer and nutrients company.The firm's web revenue after income tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year previously.Earnings from procedures went down about 17 per-cent to Rs 4,729 crore, producing it the company's 5th successive quarter of decrease.KEY CIRCUMSTANCE.Agrochemical and plant food providers have actually stated a dull functionality as too much inventory in the residential market pressed their purchases amounts and also margins.Nonetheless, domestic need is anticipated to identify the potential customers of above-average downpour rainfalls this year and also a bumper harvest, professionals mentioned.Peer SRF published a decrease in its own income for the quarter, injured through unstable requirement in its own chemicals business, while Deepak Fertilisers and also Petrochemicals published earnings surge, assisted through lower input price.( Simply the heading and also photo of this file might have been revamped by the Business Criterion team the rest of the information is auto-generated from a syndicated feed.) First Released: Aug 07 2024|10:55 PM IST.