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Coromandel International Q1 leads: Income falls 37.1% to Rs 311 cr Company Results

.Revenue coming from operations fell concerning 17 per cent to Rs 4,729 crore.|Image: Facebook1 minutes checked out Last Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals strong Coromandel International reported a 37.1 per cent fall in first-quarter earnings on Wednesday, hurt by weak spot in its fertilizer and nutrients service.The company's web earnings after tax obligation fell to Rs 311 crore ($ 37.05 million) for the April-June quarter coming from Rs 494 crore a year previously.Revenue from operations lost regarding 17 percent to Rs 4,729 crore, producing it the company's 5th successive fourth of decline.TRICK SITUATION.Agrochemical as well as fertilizer business have stated a lackluster performance as too much supply in the domestic market pressed their sales volumes and frames.However, residential requirement is counted on to detect the leads of above-average downpour rains this year as well as a bumper harvesting, analysts claimed.Peer SRF published a come by its profit for the quarter, hurt through unstable requirement in its chemicals company, while Deepak Fertilisers as well as Petrochemicals published earnings growth, assisted through lesser input cost.( Just the title and image of this record might possess been revamped by the Organization Standard workers the remainder of the material is auto-generated coming from a syndicated feed.) First Posted: Aug 07 2024|10:55 PM IST.