Business

Coromandel International Q1 results: Income goes down 37.1% to Rs 311 cr Company Outcomes

.Revenue coming from functions dropped about 17 per-cent to Rs 4,729 crore.|Picture: Facebook1 minutes went through Final Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals strong Coromandel International mentioned a 37.1 per-cent fall in first-quarter income on Wednesday, injured by weak spot in its fertiliser as well as nutrients organization.The company's internet profit after tax obligation fell to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year earlier.Revenue from functions fell about 17 per cent to Rs 4,729 crore, creating it the firm's fifth successive quarter of decrease.SECRET SITUATION.Agrochemical and fertilizer business have disclosed a poor performance as too much stock in the domestic market compelled their purchases amounts and scopes.Having said that, domestic need is actually counted on to detect the prospects of above-average gale rains this year and a bumper harvesting, experts said.Peer SRF submitted a decrease in its profit for the quarter, injured through unstable requirement in its own chemicals service, while Deepak Fertilisers as well as Petrochemicals posted income increase, assisted through lower input price.( Merely the title and picture of this report may have been modified by the Organization Criterion personnel the rest of the web content is actually auto-generated coming from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.

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