Business

Coromandel International Q1 results: Profit loses 37.1% to Rs 311 cr Business Outcomes

.Earnings from functions went down regarding 17 percent to Rs 4,729 crore.|Picture: Facebook1 min read Last Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International mentioned a 37.1 per cent join first-quarter earnings on Wednesday, harmed by weakness in its own fertilizer and nutrients service.The business's net profit after tax obligation was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year previously.Income coming from operations dropped regarding 17 per cent to Rs 4,729 crore, producing it the business's fifth consecutive one-fourth of downtrend.KEY CONTEXT.Agrochemical and fertilizer providers have reported a lackluster functionality as extreme supply in the residential market pressured their purchases volumes and scopes.Having said that, domestic need is counted on to identify the leads of above-average downpour rainfalls this year and also a bumper harvesting, experts mentioned.Peer SRF posted a drop in its earnings for the quarter, injured through weak requirement in its chemicals organization, while Deepak Fertilisers as well as Petrochemicals submitted earnings increase, helped through reduced input price.( Only the heading and picture of this document may have been actually reworked by the Company Standard team the rest of the content is auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.