Business

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

.Income coming from procedures lost concerning 17 per cent to Rs 4,729 crore.|Picture: Facebook1 min read through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International reported a 37.1 per cent fall in first-quarter revenue on Wednesday, injured by weakness in its own fertilizer and also nutrients company.The company's web income after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year previously.Profits coming from procedures lost regarding 17 per cent to Rs 4,729 crore, creating it the provider's fifth consecutive quarter of decrease.TRICK CIRCUMSTANCE.Agrochemical as well as fertilizer business have actually mentioned a dull performance as too much inventory in the residential market compelled their sales volumes and frames.However, residential need is anticipated to detect the prospects of above-average downpour rains this year as well as a bumper harvest, professionals pointed out.Peer SRF published a drop in its earnings for the one-fourth, harmed by unstable demand in its own chemicals service, while Deepak Fertilisers as well as Petrochemicals posted revenue rise, assisted through lesser input price.( Merely the heading and also photo of this file might have been actually reworked due to the Organization Specification staff the rest of the content is auto-generated coming from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.

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