Business

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

.Profits coming from operations dropped regarding 17 per-cent to Rs 4,729 crore.|Image: Facebook1 minutes checked out Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals secure Coromandel International stated a 37.1 per cent join first-quarter profit on Wednesday, hurt by weak point in its own fertiliser and nutrients organization.The firm's net earnings after tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year earlier.Revenue from operations went down about 17 per cent to Rs 4,729 crore, making it the firm's 5th consecutive one-fourth of downtrend.SECRET SITUATION.Agrochemical and also fertilizer providers have actually disclosed a poor functionality as excessive supply in the domestic market pressured their sales volumes and also margins.Nonetheless, domestic demand is actually expected to notice the customers of above-average gale storms this year and also a bumper produce, analysts mentioned.Peer SRF posted a come by its earnings for the one-fourth, hurt through unstable requirement in its own chemicals service, while Deepak Fertilisers and also Petrochemicals posted earnings rise, assisted by lesser input expense.( Merely the headline and also image of this record might possess been actually revamped due to the Service Specification team the remainder of the information is auto-generated coming from a syndicated feed.) Initial Published: Aug 07 2024|10:55 PM IST.