Business

Coromandel International Q1 results: Income drops 37.1% to Rs 311 cr Company Results

.Earnings from functions fell concerning 17 percent to Rs 4,729 crore.|Image: Facebook1 min read through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International reported a 37.1 percent fall in first-quarter revenue on Wednesday, injured by weak spot in its fertiliser as well as nutrients company.The firm's internet earnings after tax obligation fell to Rs 311 crore ($ 37.05 million) for the April-June quarter from Rs 494 crore a year previously.Earnings from functions went down about 17 per cent to Rs 4,729 crore, making it the business's 5th consecutive quarter of downtrend.KEY SITUATION.Agrochemical as well as plant food firms have actually disclosed an uninspired functionality as too much stock in the domestic market pressured their sales amounts and also frames.However, domestic requirement is actually counted on to pick up on the potential customers of above-average monsoon rainfalls this year and also a bumper harvest, professionals stated.Peer SRF submitted a decrease in its earnings for the quarter, injured through weak demand in its chemicals business, while Deepak Fertilisers as well as Petrochemicals uploaded income surge, helped by lesser input cost.( Only the headline as well as image of this report might have been revamped by the Organization Criterion staff the remainder of the material is actually auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.