The Hindu·3 min read·medium
Coromandel International Q1 net falls 26% despite higher revenue
T
The Hindu Bureau
✦AI Summary
Coromandel International reported a 26% decline in quarterly net profit due to rising raw material costs caused by the Middle East conflict. Despite the profit dip, the company saw revenue growth and continues to expand its production capacity in fertilizers and crop protection.
Agri-solutions provider Coromandel International’s standalone net profit declined 26% year-on-year (YoY) to ₹377 crore in the June quarter as elevated raw material costs triggered by West Asia crisis weighed on the performance of the fertiliser business.
businesseconomy
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