Business

Coromandel International Q1 leads: Earnings falls 37.1% to Rs 311 cr Business End results

.Earnings coming from functions dropped about 17 per cent to Rs 4,729 crore.|Photo: Facebook1 minutes went through Last Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International disclosed a 37.1 percent fall in first-quarter revenue on Wednesday, injured through weak spot in its fertilizer and nutrients business.The firm's web revenue after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year previously.Earnings coming from functions went down concerning 17 per cent to Rs 4,729 crore, creating it the provider's fifth successive fourth of decrease.KEY CONTEXT.Agrochemical as well as plant food providers have stated an uninspired performance as extreme stock in the residential market pressed their sales volumes as well as margins.Nevertheless, residential requirement is actually anticipated to identify the customers of above-average monsoon rainfalls this year as well as a bumper harvesting, professionals mentioned.Peer SRF submitted a come by its revenue for the quarter, injured through unstable requirement in its chemicals service, while Deepak Fertilisers and also Petrochemicals posted profit growth, helped through lower input expense.( Merely the heading as well as photo of this report may have been reworked due to the Organization Criterion team the remainder of the content is auto-generated from a syndicated feed.) 1st Posted: Aug 07 2024|10:55 PM IST.