Business

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

.Income coming from operations dropped concerning 17 percent to Rs 4,729 crore.|Image: Facebook1 min checked out Last Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals solid Coromandel International stated a 37.1 percent fall in first-quarter revenue on Wednesday, injured through weak point in its own fertilizer and nutrients company.The company's web profit after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year earlier.Earnings from functions dropped about 17 per cent to Rs 4,729 crore, making it the firm's fifth consecutive one-fourth of downtrend.SECRET SITUATION.Agrochemical and plant food business have actually disclosed a dull efficiency as too much stock in the domestic market pressed their purchases volumes and scopes.Nonetheless, domestic need is counted on to detect the customers of above-average downpour rains this year and a bumper harvesting, experts claimed.Peer SRF published a drop in its own revenue for the quarter, hurt through unstable requirement in its own chemicals business, while Deepak Fertilisers as well as Petrochemicals uploaded earnings surge, helped by lower input price.( Merely the title and image of this record may have been reworked by the Organization Criterion staff the remainder of the web content is auto-generated from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.

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