Business

Coromandel International Q1 leads: Income goes down 37.1% to Rs 311 cr Company Outcomes

.Revenue coming from procedures dropped regarding 17 per-cent to Rs 4,729 crore.|Image: Facebook1 min checked out Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International disclosed a 37.1 per-cent fall in first-quarter revenue on Wednesday, harmed by weak spot in its own fertiliser as well as nutrients business.The company's internet profit after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year previously.Profits from functions fell concerning 17 per cent to Rs 4,729 crore, creating it the firm's fifth successive one-fourth of decrease.KEY CONTEXT.Agrochemical and fertilizer providers have reported a poor performance as extreme supply in the residential market compelled their purchases quantities and scopes.Nevertheless, domestic requirement is actually expected to identify the potential customers of above-average gale rains this year and a bumper produce, experts pointed out.Peer SRF published a drop in its own earnings for the one-fourth, hurt through weak demand in its chemicals organization, while Deepak Fertilisers and Petrochemicals posted income rise, assisted through lesser input expense.( Merely the title as well as picture of this file may possess been remodelled by the Company Specification workers the rest of the information is actually auto-generated from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.