Business

Coromandel International Q1 leads: Income falls 37.1% to Rs 311 cr Business Results

.Income coming from functions went down about 17 per cent to Rs 4,729 crore.|Picture: Facebook1 minutes went through Last Updated: Aug 07 2024|10:55 PM IST.Indian farming chemicals secure Coromandel International stated a 37.1 per-cent join first-quarter profit on Wednesday, hurt by weak point in its own fertiliser and also nutrients organization.The company's net earnings after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth coming from Rs 494 crore a year previously.Income from functions fell concerning 17 per cent to Rs 4,729 crore, producing it the firm's 5th consecutive one-fourth of downtrend.TRICK CONTEXT.Agrochemical and fertilizer firms have stated a lackluster functionality as excessive stock in the domestic market pushed their sales amounts as well as frames.Nevertheless, residential need is anticipated to pick up on the customers of above-average gale rainfalls this year and also a bumper harvesting, analysts claimed.Peer SRF published a come by its own earnings for the quarter, harmed by weak demand in its chemicals organization, while Deepak Fertilisers and Petrochemicals uploaded profit rise, assisted through reduced input cost.( Just the heading and photo of this report might possess been actually modified by the Organization Specification personnel the remainder of the information is auto-generated coming from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.