Business

Coromandel International Q1 results: Profit goes down 37.1% to Rs 311 cr Firm Results

.Income coming from operations fell regarding 17 percent to Rs 4,729 crore.|Photo: Facebook1 minutes read Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals strong Coromandel International stated a 37.1 per-cent fall in first-quarter profit on Wednesday, hurt by weak point in its fertilizer as well as nutrients service.The company's web revenue after tax obligation was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year previously.Profits from operations lost regarding 17 per-cent to Rs 4,729 crore, making it the provider's 5th consecutive one-fourth of decrease.KEY SITUATION.Agrochemical and also plant food providers have actually disclosed a lackluster functionality as extreme stock in the domestic market pressed their sales quantities and also scopes.Nevertheless, residential need is counted on to notice the customers of above-average downpour rains this year and a bumper harvest, experts stated.Peer SRF published a drop in its own earnings for the fourth, harmed by weak requirement in its own chemicals service, while Deepak Fertilisers and Petrochemicals uploaded income increase, assisted by lesser input price.( Only the headline and also image of this document might have been actually revamped due to the Service Requirement personnel the rest of the content is actually auto-generated from a syndicated feed.) Very First Released: Aug 07 2024|10:55 PM IST.