Coromandel International Q1 results: Revenue falls 37.1% to Rs 311 cr Firm Outcomes

.Revenue from operations dropped about 17 percent to Rs 4,729 crore.|Image: Facebook1 min read Last Updated: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International reported a 37.1 per cent join first-quarter revenue on Wednesday, harmed through weakness in its own fertiliser as well as nutrients service.The provider’s web revenue after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year previously.Income from operations fell regarding 17 per-cent to Rs 4,729 crore, producing it the provider’s fifth successive one-fourth of decline.TRICK CONTEXT.Agrochemical as well as fertilizer firms have actually mentioned a poor performance as too much supply in the domestic market pressured their purchases volumes and also frames.Having said that, residential requirement is actually expected to detect the customers of above-average downpour storms this year as well as a bumper harvesting, experts said.Peer SRF submitted a come by its own profit for the one-fourth, injured through weak need in its own chemicals business, while Deepak Fertilisers and also Petrochemicals uploaded revenue growth, assisted by reduced input cost.( Merely the title and image of this file may have been actually remodelled by the Company Standard workers the rest of the web content is actually auto-generated coming from a syndicated feed.) Very First Released: Aug 07 2024|10:55 PM IST.