Business

Coromandel International Q1 results: Profit falls 37.1% to Rs 311 cr Business Outcomes

.Income from operations fell concerning 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 minutes read through Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International mentioned a 37.1 per-cent fall in first-quarter income on Wednesday, injured by weakness in its fertilizer and also nutrients business.The firm's web profit after income tax was up to Rs 311 crore ($ 37.05 million) for the April-June fourth from Rs 494 crore a year previously.Profits from operations fell about 17 per cent to Rs 4,729 crore, making it the provider's fifth successive quarter of decrease.SECRET CONTEXT.Agrochemical as well as fertilizer firms have actually reported an uninspired functionality as extreme inventory in the domestic market compelled their purchases volumes and also frames.Nonetheless, domestic requirement is anticipated to notice the customers of above-average downpour rains this year and also a bumper harvest, experts stated.Peer SRF posted a come by its revenue for the one-fourth, hurt by weak requirement in its chemicals business, while Deepak Fertilisers and Petrochemicals submitted earnings growth, aided through lesser input price.( Merely the title and photo of this document may possess been reworked due to the Business Specification team the remainder of the content is auto-generated from a syndicated feed.) Initial Published: Aug 07 2024|10:55 PM IST.

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