Business

Coromandel International Q1 leads: Revenue falls 37.1% to Rs 311 cr Company End results

.Income from operations fell regarding 17 percent to Rs 4,729 crore.|Photograph: Facebook1 min read Last Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International reported a 37.1 per-cent fall in first-quarter income on Wednesday, injured by weak spot in its own fertiliser as well as nutrients service.The company's internet profit after tax obligation fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year earlier.Income from procedures dropped concerning 17 per-cent to Rs 4,729 crore, producing it the firm's fifth consecutive one-fourth of decrease.KEY SITUATION.Agrochemical as well as plant food firms have stated a dull functionality as too much stock in the domestic market pressed their purchases volumes and margins.Nevertheless, domestic requirement is actually expected to notice the potential customers of above-average monsoon storms this year and also a bumper produce, experts said.Peer SRF posted a come by its income for the one-fourth, injured through weak need in its chemicals service, while Deepak Fertilisers as well as Petrochemicals posted revenue increase, aided through lower input cost.( Just the title and also image of this document may have been actually revamped by the Company Requirement personnel the remainder of the web content is auto-generated from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.