Business

Coromandel International Q1 leads: Income falls 37.1% to Rs 311 cr Company Outcomes

.Profits from operations went down concerning 17 percent to Rs 4,729 crore.|Photograph: Facebook1 min reviewed Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International disclosed a 37.1 per cent join first-quarter revenue on Wednesday, hurt through weak point in its fertiliser as well as nutrients company.The company's net income after income tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year earlier.Revenue coming from operations lost concerning 17 per-cent to Rs 4,729 crore, producing it the company's fifth successive fourth of decline.SECRET CONTEXT.Agrochemical and plant food business have reported a lackluster performance as too much supply in the residential market pressed their purchases volumes as well as frames.However, domestic need is anticipated to pick up on the prospects of above-average gale storms this year and a bumper harvest, analysts stated.Peer SRF submitted a decrease in its own profit for the quarter, injured through unstable demand in its own chemicals company, while Deepak Fertilisers and also Petrochemicals posted profit increase, helped by lesser input cost.( Just the headline and also image of this file may possess been actually revamped due to the Business Criterion team the remainder of the web content is actually auto-generated from a syndicated feed.) Very First Published: Aug 07 2024|10:55 PM IST.

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