Business

Coromandel International Q1 results: Income goes down 37.1% to Rs 311 cr Company Results

.Earnings from procedures lost concerning 17 per cent to Rs 4,729 crore.|Image: Facebook1 minutes reviewed Final Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals strong Coromandel International mentioned a 37.1 per-cent join first-quarter revenue on Wednesday, injured by weak point in its own fertiliser and also nutrients company.The business's internet earnings after tax obligation was up to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year earlier.Income from operations fell about 17 per-cent to Rs 4,729 crore, producing it the company's fifth consecutive quarter of downtrend.KEY CIRCUMSTANCE.Agrochemical and fertilizer providers have disclosed a poor efficiency as excessive inventory in the domestic market compelled their purchases amounts and margins.Nevertheless, domestic demand is actually counted on to identify the prospects of above-average monsoon rainfalls this year and a bumper produce, analysts said.Peer SRF published a come by its profit for the quarter, injured by weak requirement in its chemicals company, while Deepak Fertilisers as well as Petrochemicals uploaded profit surge, assisted through lesser input price.( Just the title as well as photo of this document might have been actually revamped due to the Business Standard team the rest of the material is actually auto-generated from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.

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