Coromandel International Q1 leads: Profit goes down 37.1% to Rs 311 cr Firm Results

.Profits from operations went down regarding 17 percent to Rs 4,729 crore.|Image: Facebook1 minutes reviewed Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals strong Coromandel International stated a 37.1 per-cent fall in first-quarter profit on Wednesday, injured through weakness in its own fertiliser and nutrients organization.The business’s web earnings after tax obligation fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year previously.Revenue from operations went down about 17 percent to Rs 4,729 crore, making it the company’s fifth successive fourth of downtrend.SECRET CONTEXT.Agrochemical and plant food business have disclosed a lackluster performance as excessive inventory in the residential market pressured their purchases quantities and also frames.Having said that, residential demand is expected to detect the leads of above-average downpour storms this year and also a bumper harvest, experts pointed out.Peer SRF published a drop in its profit for the fourth, hurt by unstable requirement in its chemicals organization, while Deepak Fertilisers and Petrochemicals published earnings growth, helped by lesser input expense.( Only the title and also image of this document might have been reworked by the Company Standard personnel the rest of the information is auto-generated coming from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.