Business

Coromandel International Q1 leads: Revenue loses 37.1% to Rs 311 cr Business Results

.Earnings coming from operations lost about 17 per cent to Rs 4,729 crore.|Photo: Facebook1 minutes read Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International reported a 37.1 percent fall in first-quarter earnings on Wednesday, hurt by weakness in its own fertilizer and nutrients company.The firm's internet earnings after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year previously.Revenue from functions went down regarding 17 per cent to Rs 4,729 crore, creating it the firm's fifth successive one-fourth of decrease.TRICK SITUATION.Agrochemical and also fertilizer firms have actually reported a dull functionality as too much supply in the domestic market pushed their purchases amounts as well as frames.However, domestic demand is anticipated to pick up on the customers of above-average downpour storms this year and also a bumper harvesting, analysts said.Peer SRF published a come by its earnings for the fourth, injured by weak need in its chemicals organization, while Deepak Fertilisers and Petrochemicals published earnings growth, helped by reduced input cost.( Merely the heading as well as picture of this record might have been modified by the Service Specification staff the remainder of the web content is auto-generated coming from a syndicated feed.) 1st Posted: Aug 07 2024|10:55 PM IST.