Business

Coromandel International Q1 leads: Revenue falls 37.1% to Rs 311 cr Firm End results

.Profits from operations fell about 17 per-cent to Rs 4,729 crore.|Image: Facebook1 min read Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International disclosed a 37.1 per-cent join first-quarter revenue on Wednesday, hurt through weak point in its own fertiliser and nutrients company.The business's internet revenue after tax obligation was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year previously.Revenue from operations lost about 17 per cent to Rs 4,729 crore, making it the company's fifth successive fourth of downtrend.TRICK SITUATION.Agrochemical and also fertilizer companies have disclosed an uninspired functionality as too much stock in the residential market pushed their sales amounts and margins.Nevertheless, domestic demand is actually expected to notice the leads of above-average monsoon storms this year and also a bumper produce, experts stated.Peer SRF posted a drop in its profit for the quarter, injured by unstable demand in its own chemicals service, while Deepak Fertilisers and also Petrochemicals submitted income increase, helped through reduced input price.( Simply the title as well as picture of this report might have been actually modified due to the Business Standard team the remainder of the content is actually auto-generated from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.

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