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

.Earnings from procedures dropped about 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 min read through Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International mentioned a 37.1 per cent join first-quarter earnings on Wednesday, hurt through weak spot in its fertilizer as well as nutrients service.The firm's net income after income tax was up to Rs 311 crore ($ 37.05 million) for the April-June one-fourth coming from Rs 494 crore a year previously.Income from operations went down regarding 17 per cent to Rs 4,729 crore, creating it the provider's fifth successive quarter of decrease.KEY SITUATION.Agrochemical as well as plant food providers have actually reported a poor functionality as extreme inventory in the domestic market pressed their sales amounts and also frames.However, domestic requirement is expected to notice the potential customers of above-average gale rains this year and a bumper produce, analysts mentioned.Peer SRF submitted a decrease in its own income for the quarter, hurt by unstable need in its chemicals company, while Deepak Fertilisers and also Petrochemicals uploaded revenue surge, assisted through lesser input cost.( Just the title and also picture of this report may possess been actually modified due to the Business Requirement staff the rest of the information is auto-generated from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.