Business

Coromandel International Q1 results: Profit goes down 37.1% to Rs 311 cr Business Outcomes

.Income coming from procedures went down regarding 17 per cent to Rs 4,729 crore.|Picture: Facebook1 minutes went through Last Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International disclosed a 37.1 percent fall in first-quarter earnings on Wednesday, hurt through weak spot in its fertiliser and also nutrients company.The firm's web profit after income tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June fourth coming from Rs 494 crore a year earlier.Revenue from procedures went down concerning 17 per-cent to Rs 4,729 crore, creating it the company's fifth consecutive fourth of downtrend.KEY CONTEXT.Agrochemical and also plant food firms have disclosed a dull efficiency as too much supply in the residential market pushed their sales quantities and also scopes.Having said that, domestic need is actually counted on to pick up on the potential customers of above-average gale storms this year as well as a bumper harvest, professionals stated.Peer SRF submitted a come by its revenue for the quarter, hurt by unstable requirement in its chemicals company, while Deepak Fertilisers and also Petrochemicals published income rise, assisted by lower input price.( Simply the heading and image of this file might have been actually modified due to the Service Requirement personnel the rest of the information is actually auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.

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