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Coromandel International Q1 results: Earnings loses 37.1% to Rs 311 cr Company Results

.Profits from operations fell concerning 17 per-cent to Rs 4,729 crore.|Image: Facebook1 minutes went through Final Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals secure Coromandel International reported a 37.1 per-cent fall in first-quarter revenue on Wednesday, harmed through weak point in its own fertiliser as well as nutrients business.The provider's web earnings after tax obligation was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter coming from Rs 494 crore a year earlier.Revenue coming from functions fell concerning 17 per-cent to Rs 4,729 crore, making it the firm's fifth successive quarter of decline.KEY CONTEXT.Agrochemical and also plant food firms have actually disclosed an uninspired efficiency as too much supply in the residential market pushed their purchases volumes and also frames.However, residential need is actually expected to notice the potential customers of above-average downpour rains this year and a bumper harvest, experts claimed.Peer SRF posted a decrease in its own earnings for the fourth, hurt by unstable requirement in its chemicals organization, while Deepak Fertilisers and Petrochemicals uploaded income increase, aided through lower input expense.( Only the heading and image of this record might possess been remodelled due to the Business Standard personnel the remainder of the web content is actually auto-generated coming from a syndicated feed.) Initial Posted: Aug 07 2024|10:55 PM IST.