Business

Coromandel International Q1 results: Revenue loses 37.1% to Rs 311 cr Firm Outcomes

.Income from operations lost concerning 17 per-cent to Rs 4,729 crore.|Picture: Facebook1 min reviewed Last Updated: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International reported a 37.1 percent fall in first-quarter profit on Wednesday, harmed by weak spot in its own fertiliser and also nutrients company.The company's internet profit after tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year earlier.Income coming from procedures went down concerning 17 per-cent to Rs 4,729 crore, creating it the company's 5th successive one-fourth of downtrend.SECRET SITUATION.Agrochemical and plant food providers have actually mentioned a lackluster efficiency as excessive supply in the domestic market pushed their sales amounts and frames.However, domestic demand is counted on to notice the prospects of above-average gale rainfalls this year and a bumper harvesting, experts claimed.Peer SRF posted a decrease in its own revenue for the fourth, harmed through weak requirement in its own chemicals business, while Deepak Fertilisers as well as Petrochemicals uploaded earnings surge, aided through lower input expense.( Only the headline and picture of this file might possess been revamped by the Business Requirement workers the rest of the information is actually auto-generated coming from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.