Business

Coromandel International Q1 leads: Revenue drops 37.1% to Rs 311 cr Firm End results

.Income coming from procedures fell about 17 percent to Rs 4,729 crore.|Photograph: Facebook1 minutes checked out Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International stated a 37.1 percent fall in first-quarter revenue on Wednesday, hurt by weak spot in its own fertiliser and nutrients business.The company's web income after tax obligation fell to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth coming from Rs 494 crore a year earlier.Income coming from procedures went down concerning 17 per-cent to Rs 4,729 crore, producing it the company's fifth consecutive one-fourth of downtrend.TRICK CIRCUMSTANCE.Agrochemical and plant food business have disclosed an uninspired efficiency as too much supply in the domestic market pressed their sales quantities as well as margins.However, residential need is counted on to identify the potential customers of above-average downpour storms this year as well as a bumper produce, professionals claimed.Peer SRF submitted a come by its own income for the quarter, harmed by unstable need in its chemicals organization, while Deepak Fertilisers and Petrochemicals posted profit growth, helped through lower input expense.( Only the title and photo of this report may possess been remodelled due to the Company Requirement team the rest of the information is actually auto-generated from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.