Business

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

.Earnings from functions lost about 17 per cent to Rs 4,729 crore.|Picture: Facebook1 min went through Final Improved: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals firm Coromandel International disclosed a 37.1 percent fall in first-quarter revenue on Wednesday, injured through weak point in its fertilizer and nutrients business.The company's net revenue after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year earlier.Revenue from functions lost regarding 17 per-cent to Rs 4,729 crore, making it the provider's 5th successive quarter of downtrend.KEY CIRCUMSTANCE.Agrochemical and fertilizer firms have disclosed a lackluster efficiency as extreme supply in the domestic market pushed their sales amounts as well as margins.Nevertheless, residential demand is actually anticipated to notice the potential customers of above-average downpour rainfalls this year and also a bumper harvesting, analysts said.Peer SRF published a come by its own income for the fourth, harmed by unstable demand in its chemicals organization, while Deepak Fertilisers as well as Petrochemicals posted revenue rise, assisted through lower input price.( Just the title and photo of this file may possess been revamped by the Organization Standard staff the remainder of the content is actually auto-generated coming from a syndicated feed.) First Released: Aug 07 2024|10:55 PM IST.