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Coromandel International Q1 results: Income loses 37.1% to Rs 311 cr Company End results

.Profits coming from operations lost regarding 17 per-cent to Rs 4,729 crore.|Picture: Facebook1 min checked out Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International disclosed a 37.1 percent fall in first-quarter income on Wednesday, harmed by weak point in its own fertilizer as well as nutrients business.The firm's internet income after tax was up to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year previously.Revenue coming from procedures went down about 17 per cent to Rs 4,729 crore, creating it the business's 5th successive fourth of decrease.TRICK CIRCUMSTANCE.Agrochemical as well as fertilizer business have reported a lackluster performance as too much supply in the domestic market pushed their purchases quantities and also frames.Having said that, residential need is anticipated to identify the prospects of above-average gale storms this year as well as a bumper harvest, analysts pointed out.Peer SRF published a come by its own profit for the one-fourth, hurt by weak need in its own chemicals organization, while Deepak Fertilisers as well as Petrochemicals uploaded profit surge, helped by lower input expense.( Simply the headline and also photo of this file may possess been reworked by the Business Requirement workers the remainder of the information is auto-generated coming from a syndicated feed.) First Published: Aug 07 2024|10:55 PM IST.