Business

Coromandel International Q1 results: Revenue falls 37.1% to Rs 311 cr Firm Outcomes

.Earnings from functions lost concerning 17 per cent to Rs 4,729 crore.|Photo: Facebook1 min checked out Final Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International disclosed a 37.1 percent join first-quarter revenue on Wednesday, hurt through weak point in its fertiliser and also nutrients company.The provider's net profit after tax obligation fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year earlier.Revenue from functions went down about 17 per cent to Rs 4,729 crore, creating it the company's fifth consecutive quarter of downtrend.SECRET SITUATION.Agrochemical and plant food business have actually disclosed a poor efficiency as excessive inventory in the domestic market pressed their sales quantities as well as margins.Nevertheless, domestic requirement is actually expected to identify the prospects of above-average downpour storms this year and also a bumper harvesting, analysts stated.Peer SRF uploaded a come by its revenue for the quarter, injured through unstable requirement in its own chemicals company, while Deepak Fertilisers and Petrochemicals published income growth, helped through reduced input expense.( Simply the title as well as image of this report might possess been actually revamped due to the Business Requirement staff the remainder of the content is auto-generated coming from a syndicated feed.) 1st Posted: Aug 07 2024|10:55 PM IST.