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Coromandel International Q1 leads: Earnings drops 37.1% to Rs 311 cr Provider Results

.Earnings from functions lost regarding 17 per-cent to Rs 4,729 crore.|Photo: Facebook1 minutes reviewed Last Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals firm Coromandel International reported a 37.1 per-cent fall in first-quarter profit on Wednesday, injured by weak point in its own fertiliser and nutrients organization.The company's net revenue after income tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year previously.Earnings coming from functions went down regarding 17 per cent to Rs 4,729 crore, creating it the company's 5th successive fourth of downtrend.SECRET SITUATION.Agrochemical as well as plant food companies have mentioned an uninspired performance as excessive inventory in the residential market pushed their sales volumes and frames.However, domestic need is counted on to identify the customers of above-average gale rainfalls this year as well as a bumper harvesting, experts said.Peer SRF uploaded a decrease in its income for the quarter, injured through unstable demand in its own chemicals service, while Deepak Fertilisers as well as Petrochemicals published revenue increase, assisted by lesser input expense.( Only the title as well as image of this file might have been actually remodelled due to the Business Standard workers the remainder of the information is auto-generated coming from a syndicated feed.) Very First Released: Aug 07 2024|10:55 PM IST.