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Coromandel International Q1 leads: Earnings goes down 37.1% to Rs 311 cr Business Outcomes

.Revenue from procedures went down concerning 17 percent to Rs 4,729 crore.|Picture: Facebook1 minutes went through Last Updated: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals secure Coromandel International stated a 37.1 per cent join first-quarter profit on Wednesday, injured through weakness in its own fertilizer and nutrients service.The firm's internet profit after income tax fell to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year earlier.Income from operations dropped concerning 17 per-cent to Rs 4,729 crore, making it the firm's fifth successive quarter of decrease.KEY SITUATION.Agrochemical as well as fertilizer companies have mentioned a dull performance as extreme inventory in the residential market pushed their purchases amounts and also scopes.However, residential requirement is actually expected to detect the leads of above-average gale rainfalls this year and a bumper harvesting, experts said.Peer SRF uploaded a decrease in its own income for the quarter, injured by unstable demand in its chemicals service, while Deepak Fertilisers as well as Petrochemicals submitted earnings growth, aided by lower input price.( Only the title and also image of this report may possess been modified by the Company Specification workers the remainder of the web content is actually auto-generated coming from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.