Business

Coromandel International Q1 results: Profit loses 37.1% to Rs 311 cr Business End results

.Revenue from functions fell concerning 17 per-cent to Rs 4,729 crore.|Photograph: Facebook1 minutes read through Final Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International disclosed a 37.1 per cent join first-quarter earnings on Wednesday, injured by weak point in its fertilizer and nutrients service.The company's internet earnings after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth coming from Rs 494 crore a year earlier.Earnings from procedures dropped regarding 17 per cent to Rs 4,729 crore, producing it the firm's 5th successive fourth of downtrend.KEY CIRCUMSTANCE.Agrochemical and also fertilizer business have reported a poor efficiency as extreme inventory in the residential market compelled their sales quantities and also scopes.Having said that, residential requirement is counted on to pick up on the prospects of above-average downpour rainfalls this year and also a bumper harvest, experts claimed.Peer SRF posted a decrease in its earnings for the one-fourth, injured through weak requirement in its chemicals business, while Deepak Fertilisers and also Petrochemicals published profit growth, helped by lesser input expense.( Simply the title and also image of this record may possess been remodelled due to the Service Standard workers the rest of the information is auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.