Business

Coromandel International Q1 results: Revenue falls 37.1% to Rs 311 cr Provider End results

.Income coming from procedures lost about 17 per-cent to Rs 4,729 crore.|Photo: Facebook1 minutes went through Last Improved: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International mentioned a 37.1 per cent join first-quarter earnings on Wednesday, injured by weakness in its own fertiliser and also nutrients business.The provider's web revenue after income tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year previously.Revenue coming from procedures lost concerning 17 per-cent to Rs 4,729 crore, creating it the company's fifth successive fourth of decrease.TRICK CIRCUMSTANCE.Agrochemical and also fertilizer business have stated a dull efficiency as excessive supply in the residential market pressured their sales quantities and margins.Having said that, domestic demand is anticipated to identify the potential customers of above-average downpour storms this year as well as a bumper produce, experts claimed.Peer SRF submitted a drop in its own profit for the one-fourth, harmed by weak requirement in its chemicals business, while Deepak Fertilisers as well as Petrochemicals posted income growth, assisted by lower input price.( Merely the title and photo of this report might have been reworked by the Business Standard staff the remainder of the web content is actually auto-generated from a syndicated feed.) 1st Posted: Aug 07 2024|10:55 PM IST.