Business

Coromandel International Q1 results: Revenue loses 37.1% to Rs 311 cr Company Outcomes

.Revenue coming from procedures lost about 17 per cent to Rs 4,729 crore.|Picture: Facebook1 minutes read Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International disclosed a 37.1 per cent join first-quarter revenue on Wednesday, harmed by weak point in its own fertiliser and also nutrients organization.The company's web earnings after tax obligation was up to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year earlier.Income from procedures lost about 17 percent to Rs 4,729 crore, making it the business's 5th successive quarter of decline.SECRET CONTEXT.Agrochemical and also plant food business have actually stated a poor performance as too much supply in the residential market pressured their sales quantities and scopes.Nonetheless, domestic need is counted on to identify the prospects of above-average downpour storms this year and also a bumper produce, professionals mentioned.Peer SRF uploaded a come by its revenue for the quarter, hurt through weak demand in its own chemicals business, while Deepak Fertilisers and also Petrochemicals uploaded revenue increase, assisted by lesser input expense.( Merely the heading and also photo of this file might have been remodelled by the Company Criterion personnel the remainder of the content is actually auto-generated coming from a syndicated feed.) Very First Released: Aug 07 2024|10:55 PM IST.