Business

Coromandel International Q1 results: Revenue goes down 37.1% to Rs 311 cr Provider Results

.Revenue coming from procedures lost about 17 percent to Rs 4,729 crore.|Photograph: Facebook1 minutes went through Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International disclosed a 37.1 per-cent join first-quarter profit on Wednesday, injured through weakness in its own fertiliser and nutrients business.The company's internet revenue after income tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year earlier.Revenue coming from functions dropped concerning 17 per cent to Rs 4,729 crore, creating it the firm's 5th successive fourth of decrease.KEY CIRCUMSTANCE.Agrochemical and fertilizer business have actually reported an uninspired performance as excessive stock in the domestic market pressed their sales amounts and also frames.Nonetheless, domestic need is actually anticipated to detect the leads of above-average gale rains this year and a bumper harvesting, professionals stated.Peer SRF submitted a drop in its revenue for the fourth, harmed through unstable demand in its own chemicals company, while Deepak Fertilisers as well as Petrochemicals uploaded earnings rise, assisted through reduced input cost.( Just the title as well as photo of this file may have been actually remodelled by the Organization Standard personnel the remainder of the web content is actually auto-generated from a syndicated feed.) Very First Posted: Aug 07 2024|10:55 PM IST.