Coromandel International Q1 leads: Revenue goes down 37.1% to Rs 311 cr Business Results

.Income from operations fell concerning 17 per-cent to Rs 4,729 crore.|Image: Facebook1 min read Last Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals secure Coromandel International reported a 37.1 percent join first-quarter revenue on Wednesday, injured by weak spot in its own fertilizer and nutrients organization.The provider’s internet earnings after tax fell to Rs 311 crore ($ 37.05 million) for the April-June fourth from Rs 494 crore a year previously.Income coming from functions lost regarding 17 per cent to Rs 4,729 crore, making it the provider’s 5th successive one-fourth of downtrend.KEY CIRCUMSTANCE.Agrochemical and plant food companies have stated an uninspired efficiency as extreme stock in the domestic market pressured their purchases amounts and also frames.Having said that, domestic demand is counted on to detect the customers of above-average downpour storms this year as well as a bumper harvesting, analysts claimed.Peer SRF submitted a come by its own earnings for the fourth, hurt by weak requirement in its own chemicals business, while Deepak Fertilisers and Petrochemicals submitted earnings increase, assisted by lesser input price.( Merely the title and image of this file may have been actually modified due to the Business Requirement team the rest of the web content is auto-generated from a syndicated feed.) 1st Published: Aug 07 2024|10:55 PM IST.