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Coromandel International Q1 results: Profit goes down 37.1% to Rs 311 cr Provider Results

.Income from operations fell regarding 17 per-cent to Rs 4,729 crore.|Photograph: Facebook1 min read through Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals secure Coromandel International reported a 37.1 per cent fall in first-quarter profit on Wednesday, hurt by weak point in its fertilizer as well as nutrients business.The business's web revenue after tax fell to Rs 311 crore ($ 37.05 million) for the April-June quarter from Rs 494 crore a year previously.Earnings coming from operations went down about 17 per cent to Rs 4,729 crore, making it the business's 5th successive one-fourth of decrease.SECRET CONTEXT.Agrochemical and plant food providers have actually mentioned a poor performance as extreme stock in the residential market pushed their sales amounts and margins.Having said that, domestic requirement is actually counted on to identify the prospects of above-average downpour rainfalls this year and also a bumper harvesting, experts pointed out.Peer SRF uploaded a decrease in its own revenue for the fourth, injured by weak demand in its chemicals company, while Deepak Fertilisers and Petrochemicals published profit growth, assisted by reduced input cost.( Merely the title as well as picture of this file may have been modified by the Business Requirement workers the rest of the information is actually auto-generated coming from a syndicated feed.) Initial Published: Aug 07 2024|10:55 PM IST.