Business

Coromandel International Q1 results: Income goes down 37.1% to Rs 311 cr Business Results

.Income from operations went down regarding 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 minutes checked out Final Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International mentioned a 37.1 per cent fall in first-quarter income on Wednesday, injured by weak spot in its fertilizer as well as nutrients business.The company's net profit after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year previously.Revenue from functions went down concerning 17 per-cent to Rs 4,729 crore, creating it the company's fifth successive fourth of decline.KEY SITUATION.Agrochemical and also plant food business have disclosed an uninspired performance as excessive inventory in the domestic market compelled their purchases volumes as well as scopes.Having said that, domestic need is counted on to identify the customers of above-average gale storms this year and also a bumper harvesting, experts claimed.Peer SRF submitted a come by its own income for the one-fourth, injured through weak demand in its own chemicals service, while Deepak Fertilisers and Petrochemicals posted earnings rise, assisted by reduced input expense.( Simply the heading and picture of this file might have been actually modified by the Service Requirement staff the remainder of the material is auto-generated from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.