Coromandel International Q1 results: Income loses 37.1% to Rs 311 cr Firm Outcomes

.Revenue coming from operations lost about 17 per-cent to Rs 4,729 crore.|Picture: Facebook1 min read Final Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International stated a 37.1 per cent fall in first-quarter earnings on Wednesday, harmed through weak point in its own fertilizer and nutrients organization.The firm’s internet profit after income tax was up to Rs 311 crore ($ 37.05 million) for the April-June quarter coming from Rs 494 crore a year earlier.Earnings from procedures dropped concerning 17 per cent to Rs 4,729 crore, making it the provider’s 5th consecutive fourth of decline.KEY CIRCUMSTANCE.Agrochemical and plant food business have reported a dull functionality as extreme supply in the residential market pressured their purchases amounts as well as margins.However, domestic demand is anticipated to notice the customers of above-average monsoon storms this year and a bumper harvest, experts claimed.Peer SRF submitted a drop in its revenue for the quarter, hurt through unstable demand in its own chemicals organization, while Deepak Fertilisers and Petrochemicals published profit growth, aided through lesser input price.( Just the heading and image of this document might have been actually reworked by the Company Criterion team the remainder of the content is auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.