Business

Coromandel International Q1 results: Earnings falls 37.1% to Rs 311 cr Company End results

.Revenue from functions fell regarding 17 percent to Rs 4,729 crore.|Photograph: Facebook1 minutes went through Last Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International reported a 37.1 per-cent join first-quarter revenue on Wednesday, hurt through weak point in its fertilizer and also nutrients organization.The company's net revenue after tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year earlier.Revenue from functions went down about 17 percent to Rs 4,729 crore, making it the firm's 5th successive fourth of downtrend.SECRET SITUATION.Agrochemical as well as plant food firms have reported a poor efficiency as extreme supply in the domestic market pushed their purchases amounts and also scopes.Nevertheless, domestic need is actually anticipated to notice the customers of above-average gale rains this year and also a bumper harvest, analysts mentioned.Peer SRF posted a come by its own earnings for the fourth, hurt through weak demand in its own chemicals company, while Deepak Fertilisers and also Petrochemicals uploaded revenue growth, helped by reduced input expense.( Just the title and also picture of this document may possess been actually reworked due to the Business Requirement team the remainder of the material is auto-generated coming from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.

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