Business

Coromandel International Q1 leads: Revenue drops 37.1% to Rs 311 cr Business Results

.Profits from operations went down about 17 percent to Rs 4,729 crore.|Photo: Facebook1 minutes went through Last Updated: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International stated a 37.1 percent join first-quarter profit on Wednesday, harmed through weakness in its fertiliser and also nutrients organization.The company's net revenue after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year previously.Profits from procedures lost about 17 per cent to Rs 4,729 crore, creating it the provider's 5th successive quarter of downtrend.TRICK CIRCUMSTANCE.Agrochemical as well as fertilizer business have mentioned a poor performance as too much supply in the domestic market pressured their sales amounts and also frames.Having said that, residential need is counted on to detect the prospects of above-average downpour storms this year as well as a bumper harvest, analysts pointed out.Peer SRF posted a drop in its own earnings for the one-fourth, hurt through unstable demand in its chemicals service, while Deepak Fertilisers and Petrochemicals published earnings rise, helped by lesser input cost.( Just the title and also photo of this record may possess been reworked by the Business Requirement staff the remainder of the information is auto-generated from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.

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