Business

Coromandel International Q1 results: Profit loses 37.1% to Rs 311 cr Business Results

.Revenue from operations went down regarding 17 per cent to Rs 4,729 crore.|Photo: Facebook1 minutes went through Final Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International disclosed a 37.1 per cent fall in first-quarter income on Wednesday, hurt by weakness in its own fertiliser as well as nutrients business.The provider's web profit after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth coming from Rs 494 crore a year earlier.Income from procedures fell regarding 17 per-cent to Rs 4,729 crore, creating it the company's fifth successive quarter of decline.SECRET CONTEXT.Agrochemical and also fertilizer firms have mentioned a dull functionality as too much supply in the domestic market pushed their sales amounts as well as margins.However, residential need is anticipated to identify the prospects of above-average downpour storms this year and a bumper harvest, analysts pointed out.Peer SRF published a come by its income for the quarter, hurt by weak need in its chemicals organization, while Deepak Fertilisers and also Petrochemicals published revenue rise, aided by lower input price.( Simply the title and also image of this record might possess been remodelled by the Service Criterion personnel the remainder of the web content is auto-generated coming from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.