Business

Coromandel International Q1 results: Revenue drops 37.1% to Rs 311 cr Firm Results

.Earnings from procedures fell concerning 17 percent to Rs 4,729 crore.|Picture: Facebook1 min reviewed Last Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International reported a 37.1 per-cent join first-quarter revenue on Wednesday, hurt by weak point in its fertiliser and nutrients service.The firm's internet profit after tax obligation fell to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth coming from Rs 494 crore a year previously.Earnings from procedures dropped regarding 17 percent to Rs 4,729 crore, producing it the firm's 5th consecutive fourth of decline.KEY SITUATION.Agrochemical and also fertilizer companies have actually disclosed an uninspired functionality as extreme stock in the residential market pushed their purchases amounts and scopes.Nevertheless, domestic requirement is anticipated to pick up on the leads of above-average downpour rainfalls this year as well as a bumper harvesting, analysts claimed.Peer SRF published a come by its own revenue for the one-fourth, injured by weak demand in its own chemicals organization, while Deepak Fertilisers and also Petrochemicals published profit surge, assisted by reduced input expense.( Just the title and photo of this report may have been modified due to the Company Specification personnel the rest of the content is actually auto-generated from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.

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