Business

Coromandel International Q1 leads: Earnings falls 37.1% to Rs 311 cr Company Results

.Income coming from functions fell regarding 17 per-cent to Rs 4,729 crore.|Photograph: Facebook1 min checked out Final Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals strong Coromandel International mentioned a 37.1 per cent fall in first-quarter earnings on Wednesday, injured through weak spot in its fertiliser as well as nutrients organization.The business's net income after income tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth from Rs 494 crore a year previously.Earnings from procedures lost about 17 percent to Rs 4,729 crore, producing it the firm's fifth consecutive one-fourth of downtrend.KEY CIRCUMSTANCE.Agrochemical and fertilizer business have actually stated a poor functionality as extreme inventory in the domestic market pushed their sales volumes as well as frames.However, residential need is anticipated to detect the prospects of above-average downpour rains this year and a bumper harvest, professionals said.Peer SRF uploaded a decrease in its earnings for the one-fourth, hurt through unstable requirement in its chemicals business, while Deepak Fertilisers and also Petrochemicals uploaded profit growth, aided through reduced input cost.( Merely the heading and also picture of this document might have been actually revamped by the Business Requirement staff the remainder of the web content is actually auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.