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

.Profits from operations dropped concerning 17 per-cent to Rs 4,729 crore.|Picture: Facebook1 minutes reviewed Final Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals solid Coromandel International disclosed a 37.1 per-cent fall in first-quarter earnings on Wednesday, harmed by weak spot in its own fertilizer and nutrients organization.The company's net profit after tax was up to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year previously.Revenue from operations fell concerning 17 percent to Rs 4,729 crore, making it the firm's fifth successive quarter of decrease.TRICK CIRCUMSTANCE.Agrochemical as well as plant food firms have disclosed a dull performance as too much stock in the residential market compelled their purchases quantities as well as margins.Nonetheless, residential demand is actually anticipated to identify the prospects of above-average downpour rains this year as well as a bumper harvesting, analysts pointed out.Peer SRF posted a come by its own profit for the quarter, harmed through weak requirement in its chemicals business, while Deepak Fertilisers and Petrochemicals published revenue surge, aided through lesser input price.( Just the headline as well as image of this file might have been modified by the Business Requirement workers the rest of the information is auto-generated from a syndicated feed.) First Released: Aug 07 2024|10:55 PM IST.

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