Coromandel International Q1 leads: Revenue goes down 37.1% to Rs 311 cr Firm End results

.Profits coming from procedures fell about 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 min checked out Final Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International stated a 37.1 per-cent join first-quarter income on Wednesday, harmed through weak point in its fertiliser as well as nutrients organization.The firm’s internet income after tax was up to Rs 311 crore ($ 37.05 million) for the April-June fourth from Rs 494 crore a year previously.Earnings from operations went down about 17 per cent to Rs 4,729 crore, making it the company’s 5th consecutive one-fourth of downtrend.TRICK CONTEXT.Agrochemical and plant food business have actually mentioned a lackluster functionality as excessive supply in the residential market pressed their sales amounts and scopes.However, residential demand is actually expected to identify the leads of above-average monsoon rains this year as well as a bumper harvest, experts said.Peer SRF published a come by its income for the fourth, harmed by unstable demand in its chemicals company, while Deepak Fertilisers and also Petrochemicals published earnings increase, aided through lesser input cost.( Only the heading as well as photo of this file might have been actually remodelled by the Organization Standard personnel the rest of the web content is auto-generated coming from a syndicated feed.) Initial Published: Aug 07 2024|10:55 PM IST.