Business

Coromandel International Q1 leads: Income loses 37.1% to Rs 311 cr Business Outcomes

.Earnings from procedures lost regarding 17 percent to Rs 4,729 crore.|Photo: Facebook1 minutes read through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International stated a 37.1 percent fall in first-quarter income on Wednesday, harmed by weak spot in its own fertiliser and nutrients service.The company's net revenue after income tax fell to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year previously.Income from procedures fell regarding 17 per cent to Rs 4,729 crore, making it the provider's fifth successive fourth of downtrend.KEY SITUATION.Agrochemical and also plant food providers have actually stated a dull efficiency as too much stock in the domestic market pressed their sales amounts and also frames.However, domestic need is expected to identify the customers of above-average gale rains this year and also a bumper produce, professionals claimed.Peer SRF posted a come by its own revenue for the one-fourth, hurt by weak demand in its chemicals business, while Deepak Fertilisers as well as Petrochemicals submitted revenue increase, aided by lower input cost.( Merely the heading and also photo of this file might possess been actually revamped due to the Company Criterion staff the rest of the web content is auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.