Business

Coromandel International Q1 leads: Profit falls 37.1% to Rs 311 cr Firm Outcomes

.Earnings coming from functions fell about 17 per cent to Rs 4,729 crore.|Photo: Facebook1 min went through Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International mentioned a 37.1 per-cent join first-quarter profit on Wednesday, hurt by weakness in its own fertilizer and nutrients business.The business's internet income after income tax fell to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year earlier.Profits from functions lost regarding 17 per-cent to Rs 4,729 crore, creating it the provider's fifth successive one-fourth of downtrend.SECRET SITUATION.Agrochemical and also fertilizer business have actually disclosed a dull performance as too much supply in the domestic market pressed their sales volumes and margins.Nonetheless, domestic need is actually anticipated to notice the customers of above-average gale rains this year and a bumper produce, experts pointed out.Peer SRF posted a come by its own income for the fourth, harmed through weak requirement in its own chemicals organization, while Deepak Fertilisers and also Petrochemicals submitted earnings increase, helped through lesser input expense.( Merely the heading as well as picture of this report may possess been revamped by the Business Standard team the remainder of the content is auto-generated from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.