Business

Coromandel International Q1 results: Earnings loses 37.1% to Rs 311 cr Firm End results

.Income coming from operations fell concerning 17 per cent to Rs 4,729 crore.|Image: Facebook1 minutes went through Final Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International reported a 37.1 percent fall in first-quarter profit on Wednesday, harmed through weak spot in its own fertilizer as well as nutrients organization.The company's web profit after tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year previously.Profits from procedures fell about 17 per-cent to Rs 4,729 crore, creating it the business's fifth successive quarter of decline.TRICK CIRCUMSTANCE.Agrochemical as well as fertilizer companies have actually disclosed an uninspired efficiency as too much stock in the domestic market compelled their sales quantities as well as margins.Having said that, residential need is expected to identify the customers of above-average gale rains this year and also a bumper harvest, professionals said.Peer SRF posted a come by its revenue for the one-fourth, harmed by unstable need in its own chemicals service, while Deepak Fertilisers and also Petrochemicals submitted earnings increase, helped through reduced input cost.( Merely the title and image of this record might possess been remodelled by the Service Specification personnel the rest of the material is actually auto-generated from a syndicated feed.) Initial Published: Aug 07 2024|10:55 PM IST.