Business

Coromandel International Q1 leads: Revenue loses 37.1% to Rs 311 cr Company Outcomes

.Profits from operations fell concerning 17 percent to Rs 4,729 crore.|Picture: Facebook1 minutes reviewed Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International mentioned a 37.1 per cent join first-quarter profit on Wednesday, hurt through weakness in its own fertilizer and nutrients organization.The company's net revenue after tax obligation fell to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year previously.Profits from procedures went down concerning 17 per-cent to Rs 4,729 crore, creating it the provider's fifth successive fourth of decrease.TRICK SITUATION.Agrochemical and fertilizer companies have disclosed an uninspired efficiency as extreme stock in the residential market compelled their sales volumes and also frames.Having said that, domestic requirement is expected to notice the prospects of above-average downpour storms this year and also a bumper produce, professionals said.Peer SRF uploaded a come by its revenue for the quarter, injured by unstable requirement in its chemicals business, while Deepak Fertilisers and also Petrochemicals uploaded income rise, helped by lower input expense.( Just the title and also picture of this record might have been revamped due to the Business Standard team the rest of the content is actually auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.

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