Business

Coromandel International Q1 leads: Profit goes down 37.1% to Rs 311 cr Provider End results

.Income from functions went down concerning 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 minutes went through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian farming chemicals firm Coromandel International reported a 37.1 percent join first-quarter profit on Wednesday, harmed through weakness in its own fertiliser and nutrients business.The company's web income after income tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year earlier.Earnings coming from functions lost about 17 per-cent to Rs 4,729 crore, producing it the provider's 5th successive fourth of downtrend.TRICK CIRCUMSTANCE.Agrochemical as well as plant food companies have mentioned a lackluster efficiency as extreme stock in the residential market pressed their sales amounts and frames.Nevertheless, domestic demand is actually counted on to identify the prospects of above-average downpour rainfalls this year and also a bumper harvest, analysts stated.Peer SRF posted a decrease in its profit for the one-fourth, injured by weak need in its own chemicals organization, while Deepak Fertilisers and Petrochemicals submitted profit growth, aided through lesser input price.( Just the title and also picture of this document might possess been reworked due to the Business Requirement staff the remainder of the information is auto-generated coming from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.

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