Business

Coromandel International Q1 results: Income falls 37.1% to Rs 311 cr Business Outcomes

.Earnings from operations fell regarding 17 per cent to Rs 4,729 crore.|Picture: Facebook1 min checked out Last Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International disclosed a 37.1 per cent join first-quarter revenue on Wednesday, hurt by weakness in its fertiliser and also nutrients business.The company's internet income after income tax fell to Rs 311 crore ($ 37.05 million) for the April-June quarter coming from Rs 494 crore a year previously.Profits from functions went down concerning 17 per-cent to Rs 4,729 crore, producing it the company's fifth consecutive fourth of decrease.KEY CIRCUMSTANCE.Agrochemical as well as fertilizer business have actually mentioned a dull performance as too much stock in the domestic market pressured their purchases quantities and margins.Having said that, residential demand is actually anticipated to notice the potential customers of above-average gale storms this year and a bumper harvest, analysts claimed.Peer SRF submitted a decrease in its profit for the fourth, hurt through weak need in its chemicals company, while Deepak Fertilisers and Petrochemicals posted earnings surge, assisted by lower input price.( Just the title and photo of this report may possess been actually reworked by the Company Requirement staff the rest of the material is actually auto-generated coming from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.