Business

Coromandel International Q1 results: Income goes down 37.1% to Rs 311 cr Provider End results

.Earnings coming from procedures dropped about 17 per-cent to Rs 4,729 crore.|Photo: Facebook1 min went through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals firm Coromandel International reported a 37.1 per-cent fall in first-quarter revenue on Wednesday, harmed through weak point in its own fertilizer and nutrients company.The firm's web income after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year earlier.Profits coming from procedures fell regarding 17 percent to Rs 4,729 crore, making it the provider's fifth consecutive quarter of decrease.SECRET SITUATION.Agrochemical and also fertilizer firms have actually reported a dull performance as too much supply in the domestic market pressured their sales quantities and also margins.Having said that, residential requirement is actually anticipated to detect the prospects of above-average gale rains this year as well as a bumper harvesting, experts stated.Peer SRF published a decrease in its own revenue for the one-fourth, harmed through weak demand in its chemicals service, while Deepak Fertilisers and also Petrochemicals uploaded revenue surge, helped through lesser input price.( Only the headline and also picture of this report may possess been revamped by the Company Specification staff the remainder of the web content is auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.

Articles You Can Be Interested In