Business

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

.Income coming from procedures fell regarding 17 per cent to Rs 4,729 crore.|Image: Facebook1 min reviewed Last Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals secure Coromandel International stated a 37.1 per cent fall in first-quarter revenue on Wednesday, hurt by weak spot in its own fertiliser as well as nutrients company.The company's web revenue after tax obligation was up to Rs 311 crore ($ 37.05 million) for the April-June fourth from Rs 494 crore a year earlier.Income coming from functions fell regarding 17 percent to Rs 4,729 crore, creating it the firm's fifth successive quarter of downtrend.KEY CONTEXT.Agrochemical and also plant food providers have reported a lackluster performance as excessive supply in the residential market compelled their purchases quantities as well as frames.However, domestic need is actually anticipated to pick up on the prospects of above-average gale rainfalls this year as well as a bumper harvest, experts said.Peer SRF published a decrease in its profit for the fourth, hurt by unstable need in its own chemicals organization, while Deepak Fertilisers and also Petrochemicals uploaded profit growth, aided through reduced input expense.( Simply the heading and also picture of this record might possess been actually revamped by the Business Requirement team the rest of the information is auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.