Business

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

.Profits coming from procedures went down concerning 17 percent to Rs 4,729 crore.|Picture: Facebook1 min went through Final Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International mentioned a 37.1 per cent join first-quarter profit on Wednesday, harmed through weak spot in its fertilizer and also nutrients company.The company's net revenue after tax obligation fell to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year previously.Revenue from operations lost about 17 per-cent to Rs 4,729 crore, creating it the company's fifth consecutive fourth of downtrend.KEY SITUATION.Agrochemical and also plant food business have actually disclosed an uninspired performance as extreme stock in the residential market compelled their purchases quantities and also scopes.Having said that, residential need is actually expected to notice the prospects of above-average gale storms this year as well as a bumper harvesting, professionals stated.Peer SRF uploaded a decrease in its own revenue for the one-fourth, injured by weak need in its chemicals service, while Deepak Fertilisers and Petrochemicals published revenue surge, helped through lower input cost.( Just the headline and also photo of this document might possess been actually remodelled due to the Company Criterion staff the rest of the web content is actually auto-generated coming from a syndicated feed.) Very First Published: Aug 07 2024|10:55 PM IST.