Business

Coromandel International Q1 results: Income drops 37.1% to Rs 311 cr Provider End results

.Revenue coming from functions fell regarding 17 percent to Rs 4,729 crore.|Photo: Facebook1 minutes reviewed Last Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International stated a 37.1 per-cent join first-quarter revenue on Wednesday, hurt through weakness in its fertilizer and also nutrients service.The firm's internet income after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year previously.Revenue coming from procedures lost regarding 17 per-cent to Rs 4,729 crore, creating it the firm's 5th consecutive fourth of decline.SECRET CONTEXT.Agrochemical and fertilizer companies have actually mentioned a dull efficiency as excessive inventory in the residential market compelled their sales quantities and frames.However, domestic demand is actually expected to notice the leads of above-average monsoon storms this year as well as a bumper produce, professionals stated.Peer SRF posted a drop in its profit for the one-fourth, harmed through unstable requirement in its own chemicals service, while Deepak Fertilisers as well as Petrochemicals submitted revenue rise, assisted by lower input cost.( Merely the heading and photo of this document may possess been reworked due to the Organization Criterion team the rest of the content is actually auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.