Business

Coromandel International Q1 leads: Revenue drops 37.1% to Rs 311 cr Business Results

.Earnings coming from operations fell about 17 per cent to Rs 4,729 crore.|Photo: Facebook1 min went through Last Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International reported a 37.1 per-cent join first-quarter earnings on Wednesday, hurt through weak spot in its fertiliser and also nutrients business.The company's web profit after tax obligation was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year earlier.Income from operations lost about 17 per-cent to Rs 4,729 crore, making it the business's 5th successive fourth of downtrend.SECRET CIRCUMSTANCE.Agrochemical and fertilizer firms have reported a lackluster efficiency as extreme inventory in the residential market pushed their sales volumes and also margins.Nevertheless, domestic requirement is anticipated to detect the leads of above-average downpour storms this year and a bumper harvest, experts said.Peer SRF published a drop in its profit for the quarter, injured through weak need in its chemicals organization, while Deepak Fertilisers and Petrochemicals submitted income surge, helped through reduced input cost.( Only the title and also photo of this report may possess been actually reworked by the Company Criterion workers the rest of the information is actually auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.