Business

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

.Earnings coming from operations dropped concerning 17 per-cent to Rs 4,729 crore.|Picture: Facebook1 min reviewed Final Updated: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International reported a 37.1 percent join first-quarter profit on Wednesday, injured by weak spot in its own fertilizer and also nutrients business.The business's net profit after tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year previously.Revenue from operations fell concerning 17 per-cent to Rs 4,729 crore, producing it the business's fifth successive fourth of decline.TRICK CONTEXT.Agrochemical and also fertilizer firms have reported a lackluster performance as extreme supply in the domestic market pushed their purchases volumes as well as margins.However, domestic requirement is actually expected to notice the potential customers of above-average gale storms this year and also a bumper produce, analysts said.Peer SRF posted a decrease in its earnings for the quarter, injured through weak requirement in its own chemicals company, while Deepak Fertilisers and also Petrochemicals published revenue rise, assisted through lesser input expense.( Merely the headline and also photo of this record may have been reworked by the Service Specification staff the remainder of the information is auto-generated coming from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.