Business

Coromandel International Q1 results: Revenue goes down 37.1% to Rs 311 cr Business End results

.Revenue coming from procedures fell concerning 17 percent to Rs 4,729 crore.|Image: Facebook1 min checked out Final Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International mentioned a 37.1 per cent fall in first-quarter earnings on Wednesday, harmed by weakness in its own fertiliser and also nutrients organization.The firm's net revenue after income tax was up to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year previously.Revenue coming from operations fell about 17 per-cent to Rs 4,729 crore, producing it the company's 5th consecutive one-fourth of downtrend.SECRET CIRCUMSTANCE.Agrochemical and plant food business have mentioned a poor performance as excessive stock in the residential market pressed their purchases quantities and also scopes.However, residential demand is actually counted on to notice the potential customers of above-average gale rains this year and a bumper harvesting, analysts mentioned.Peer SRF published a come by its own income for the one-fourth, harmed by unstable demand in its chemicals service, while Deepak Fertilisers as well as Petrochemicals uploaded income rise, helped by lesser input cost.( Simply the heading as well as photo of this file might have been actually remodelled due to the Organization Criterion staff the rest of the content is actually auto-generated coming from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.