Business

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

.Revenue from procedures went down about 17 per cent to Rs 4,729 crore.|Picture: Facebook1 minutes went through Last Updated: Aug 07 2024|10:55 PM IST.Indian farming chemicals strong Coromandel International mentioned a 37.1 per-cent join first-quarter earnings on Wednesday, injured through weakness in its own fertiliser and also nutrients organization.The company's web profit after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year previously.Earnings from operations fell concerning 17 per-cent to Rs 4,729 crore, making it the business's 5th consecutive one-fourth of decline.KEY CIRCUMSTANCE.Agrochemical and also fertilizer providers have disclosed a dull efficiency as too much stock in the residential market pressed their purchases volumes and also frames.Having said that, domestic need is actually anticipated to notice the customers of above-average monsoon rainfalls this year as well as a bumper produce, experts claimed.Peer SRF uploaded a drop in its revenue for the fourth, injured by unstable requirement in its chemicals company, while Deepak Fertilisers and also Petrochemicals submitted income surge, aided by lesser input cost.( Only the headline and also image of this document may have been actually revamped by the Business Requirement workers the rest of the information is actually auto-generated coming from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.