Business

Coromandel International Q1 leads: Profit drops 37.1% to Rs 311 cr Company Outcomes

.Income coming from functions fell regarding 17 per-cent to Rs 4,729 crore.|Photo: Facebook1 minutes checked out Last Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International stated a 37.1 per-cent join first-quarter revenue on Wednesday, harmed by weak spot in its own fertiliser and nutrients business.The firm's internet income after income tax fell to Rs 311 crore ($ 37.05 million) for the April-June quarter from Rs 494 crore a year earlier.Income from functions dropped about 17 percent to Rs 4,729 crore, producing it the business's fifth consecutive quarter of decrease.KEY CONTEXT.Agrochemical and plant food business have stated an uninspired functionality as excessive supply in the domestic market pressed their purchases volumes as well as margins.However, residential need is actually anticipated to identify the leads of above-average downpour rainfalls this year and a bumper produce, experts stated.Peer SRF published a come by its own revenue for the fourth, harmed by unstable requirement in its own chemicals service, while Deepak Fertilisers as well as Petrochemicals submitted income rise, helped by lesser input price.( Merely the headline and also picture of this record might have been remodelled by the Service Specification team the remainder of the material is actually auto-generated coming from a syndicated feed.) Very First Posted: Aug 07 2024|10:55 PM IST.