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

.Income coming from functions lost regarding 17 per-cent to Rs 4,729 crore.|Photograph: Facebook1 min went through Final Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International stated a 37.1 per-cent fall in first-quarter earnings on Wednesday, hurt by weak spot in its own fertiliser and also nutrients organization.The company’s web profit after tax was up to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year previously.Earnings from operations went down regarding 17 percent to Rs 4,729 crore, making it the firm’s fifth successive fourth of decrease.TRICK SITUATION.Agrochemical as well as fertilizer business have disclosed a lackluster efficiency as excessive inventory in the residential market compelled their sales amounts as well as scopes.Nevertheless, domestic requirement is expected to identify the customers of above-average downpour rainfalls this year and also a bumper harvesting, professionals pointed out.Peer SRF posted a come by its own income for the one-fourth, harmed by unstable demand in its own chemicals company, while Deepak Fertilisers and Petrochemicals submitted earnings growth, helped by lesser input cost.( Just the headline and also photo of this record may have been actually remodelled by the Service Requirement staff the remainder of the material is actually auto-generated from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.