Business

Coromandel International Q1 results: Earnings loses 37.1% to Rs 311 cr Business Results

.Revenue from functions dropped regarding 17 per-cent to Rs 4,729 crore.|Image: Facebook1 minutes reviewed Final Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals strong Coromandel International reported a 37.1 per cent join first-quarter revenue on Wednesday, hurt by weakness in its own fertilizer as well as nutrients business.The provider's internet revenue after income tax fell to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year previously.Revenue from procedures dropped concerning 17 per-cent to Rs 4,729 crore, creating it the provider's 5th successive one-fourth of downtrend.TRICK SITUATION.Agrochemical and fertilizer firms have actually reported a poor functionality as excessive supply in the domestic market pressed their sales quantities and frames.However, domestic demand is actually counted on to pick up on the leads of above-average monsoon rainfalls this year and a bumper harvest, experts pointed out.Peer SRF uploaded a drop in its income for the one-fourth, harmed through weak need in its chemicals company, while Deepak Fertilisers and also Petrochemicals uploaded earnings rise, aided by reduced input cost.( Only the title as well as picture of this file might possess been remodelled due to the Organization Standard workers the rest of the web content is auto-generated coming from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.

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