Business

Coromandel International Q1 leads: Earnings goes down 37.1% to Rs 311 cr Provider End results

.Profits from operations fell about 17 per-cent to Rs 4,729 crore.|Image: Facebook1 min read through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International stated a 37.1 per cent fall in first-quarter profit on Wednesday, injured through weakness in its own fertilizer and also nutrients business.The firm's net revenue after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year earlier.Revenue from operations fell about 17 percent to Rs 4,729 crore, making it the business's 5th consecutive quarter of downtrend.SECRET SITUATION.Agrochemical and fertilizer firms have stated a lackluster efficiency as excessive supply in the residential market pushed their sales amounts and margins.However, residential requirement is actually expected to identify the customers of above-average downpour rains this year and also a bumper harvest, experts claimed.Peer SRF uploaded a decrease in its income for the one-fourth, injured through unstable requirement in its chemicals service, while Deepak Fertilisers and also Petrochemicals published income rise, assisted through lesser input expense.( Merely the headline and picture of this report might have been actually reworked due to the Organization Standard staff the rest of the web content is auto-generated from a syndicated feed.) First Released: Aug 07 2024|10:55 PM IST.

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