Business

Coromandel International Q1 results: Earnings falls 37.1% to Rs 311 cr Provider Outcomes

.Profits from procedures fell concerning 17 percent to Rs 4,729 crore.|Image: Facebook1 min read through Last Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International disclosed a 37.1 per-cent join first-quarter earnings on Wednesday, injured through weakness in its own fertilizer and also nutrients service.The firm's internet revenue after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth coming from Rs 494 crore a year previously.Profits from operations dropped about 17 per cent to Rs 4,729 crore, making it the firm's fifth successive fourth of downtrend.KEY CIRCUMSTANCE.Agrochemical and plant food providers have actually stated a poor performance as extreme stock in the domestic market pushed their purchases quantities and also margins.Having said that, residential need is actually expected to identify the prospects of above-average monsoon rainfalls this year and a bumper harvesting, experts claimed.Peer SRF posted a come by its own revenue for the fourth, hurt through weak requirement in its own chemicals organization, while Deepak Fertilisers and also Petrochemicals published income increase, aided by lower input cost.( Only the headline and also image of this document might possess been modified by the Company Standard team the rest of the material is actually auto-generated coming from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.