Business

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

.Earnings coming from functions fell concerning 17 percent to Rs 4,729 crore.|Picture: Facebook1 min read through Last Improved: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals secure Coromandel International mentioned a 37.1 per-cent join first-quarter profit on Wednesday, hurt through weakness in its fertilizer and also nutrients company.The company's internet income after tax obligation fell to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year earlier.Revenue coming from operations dropped regarding 17 per cent to Rs 4,729 crore, producing it the business's fifth successive one-fourth of downtrend.SECRET CONTEXT.Agrochemical as well as fertilizer business have actually mentioned a poor functionality as extreme inventory in the residential market pressed their purchases quantities and scopes.Having said that, domestic need is actually anticipated to detect the potential customers of above-average monsoon rains this year as well as a bumper produce, professionals stated.Peer SRF uploaded a decrease in its own revenue for the quarter, harmed by unstable requirement in its chemicals company, while Deepak Fertilisers and also Petrochemicals published earnings surge, helped through reduced input cost.( Just the heading and picture of this report might possess been actually modified due to the Organization Specification team the remainder of the content is auto-generated from a syndicated feed.) 1st Posted: Aug 07 2024|10:55 PM IST.