Business

Coromandel International Q1 results: Profit goes down 37.1% to Rs 311 cr Firm Outcomes

.Income coming from operations dropped regarding 17 per-cent to Rs 4,729 crore.|Photo: Facebook1 min read Last Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals strong Coromandel International disclosed a 37.1 per cent join first-quarter earnings on Wednesday, harmed through weak spot in its own fertiliser and also nutrients service.The provider's net earnings after income tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year earlier.Earnings from functions lost about 17 percent to Rs 4,729 crore, creating it the firm's fifth consecutive quarter of decrease.TRICK CONTEXT.Agrochemical and fertilizer firms have reported a dull efficiency as extreme supply in the residential market pressed their sales amounts and also frames.Having said that, domestic demand is counted on to detect the potential customers of above-average monsoon rains this year and also a bumper harvest, professionals pointed out.Peer SRF posted a decrease in its income for the one-fourth, injured by unstable requirement in its own chemicals service, while Deepak Fertilisers and also Petrochemicals published income rise, helped through lower input cost.( Just the heading and also image of this file may possess been revamped due to the Company Standard workers the rest of the material is auto-generated from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.