Business

Coromandel International Q1 leads: Revenue loses 37.1% to Rs 311 cr Provider Results

.Profits from operations went down regarding 17 per-cent to Rs 4,729 crore.|Image: Facebook1 minutes read Last Improved: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals strong Coromandel International disclosed a 37.1 percent join first-quarter revenue on Wednesday, injured by weakness in its own fertiliser and also nutrients organization.The provider's internet profit after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth coming from Rs 494 crore a year earlier.Profits from functions went down about 17 percent to Rs 4,729 crore, producing it the company's fifth consecutive one-fourth of decline.KEY CIRCUMSTANCE.Agrochemical as well as fertilizer companies have stated a lackluster efficiency as extreme inventory in the domestic market compelled their sales volumes as well as margins.Having said that, domestic demand is actually expected to notice the potential customers of above-average downpour storms this year and also a bumper produce, professionals mentioned.Peer SRF posted a decrease in its own revenue for the quarter, injured by weak demand in its chemicals business, while Deepak Fertilisers and Petrochemicals published income surge, helped by lesser input cost.( Only the title and picture of this report might possess been actually modified due to the Organization Standard personnel the remainder of the web content is actually auto-generated from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.