Business

Coromandel International Q1 leads: Revenue drops 37.1% to Rs 311 cr Company End results

.Earnings from procedures fell about 17 percent to Rs 4,729 crore.|Image: Facebook1 minutes checked out Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International disclosed a 37.1 per cent fall in first-quarter revenue on Wednesday, injured by weakness in its fertiliser and nutrients company.The business's web profit after tax fell to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year earlier.Profits coming from operations fell regarding 17 percent to Rs 4,729 crore, making it the business's 5th consecutive one-fourth of downtrend.SECRET SITUATION.Agrochemical and fertilizer firms have reported an uninspired functionality as extreme stock in the domestic market compelled their sales quantities and margins.Nevertheless, residential need is actually anticipated to detect the leads of above-average gale rains this year and also a bumper harvest, experts stated.Peer SRF posted a decrease in its own revenue for the fourth, harmed through unstable demand in its own chemicals company, while Deepak Fertilisers and also Petrochemicals published income rise, aided through lesser input price.( Merely the title and photo of this document might possess been remodelled by the Company Standard workers the remainder of the content is auto-generated from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.