Business

Coromandel International Q1 results: Profit drops 37.1% to Rs 311 cr Firm Results

.Income coming from functions dropped regarding 17 per-cent to Rs 4,729 crore.|Photograph: Facebook1 minutes reviewed Last Improved: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals secure Coromandel International stated a 37.1 percent fall in first-quarter profit on Wednesday, harmed through weak spot in its own fertilizer as well as nutrients business.The firm's web income after income tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June fourth coming from Rs 494 crore a year previously.Profits coming from functions fell about 17 percent to Rs 4,729 crore, producing it the firm's fifth successive fourth of downtrend.TRICK CIRCUMSTANCE.Agrochemical and fertilizer companies have reported a poor efficiency as excessive stock in the residential market pressed their sales amounts and also scopes.However, domestic need is expected to pick up on the leads of above-average monsoon rains this year as well as a bumper produce, professionals said.Peer SRF posted a come by its own profit for the fourth, injured by weak demand in its own chemicals business, while Deepak Fertilisers as well as Petrochemicals submitted profit growth, aided by lesser input expense.( Simply the title and also picture of this file may have been actually remodelled due to the Service Requirement workers the remainder of the content is actually auto-generated from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.