Business

Coromandel International Q1 results: Earnings drops 37.1% to Rs 311 cr Company Results

.Income from operations dropped regarding 17 per-cent to Rs 4,729 crore.|Image: Facebook1 min reviewed Last Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International stated a 37.1 per-cent join first-quarter income on Wednesday, injured through weak spot in its fertiliser and also nutrients business.The firm's net revenue after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year earlier.Revenue coming from functions dropped regarding 17 percent to Rs 4,729 crore, producing it the business's 5th successive one-fourth of downtrend.KEY SITUATION.Agrochemical and plant food business have actually stated a dull performance as extreme inventory in the domestic market compelled their sales amounts and margins.Nonetheless, domestic need is actually anticipated to identify the potential customers of above-average gale rains this year and a bumper harvest, analysts said.Peer SRF posted a come by its profit for the fourth, hurt through unstable need in its own chemicals business, while Deepak Fertilisers as well as Petrochemicals submitted profit rise, helped through lesser input expense.( Just the title and also photo of this record might have been remodelled due to the Organization Criterion workers the remainder of the web content is auto-generated from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.