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Coromandel International Q1 results: Revenue falls 37.1% to Rs 311 cr Company End results

.Earnings from procedures dropped regarding 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 minutes went through Final Improved: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International reported a 37.1 percent join first-quarter earnings on Wednesday, hurt through weakness in its own fertiliser as well as nutrients service.The firm's net 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 dropped about 17 per cent to Rs 4,729 crore, creating it the company's fifth consecutive one-fourth of decline.KEY CONTEXT.Agrochemical and also plant food firms have actually reported a lackluster functionality as too much inventory in the residential market pushed their sales volumes and margins.Nevertheless, domestic requirement is actually counted on to identify the customers of above-average gale rains this year and a bumper harvesting, professionals mentioned.Peer SRF posted a come by its income for the quarter, injured by unstable demand in its chemicals organization, while Deepak Fertilisers as well as Petrochemicals uploaded income surge, helped by lesser input cost.( Only the title as well as photo of this record may have been actually revamped due to the Business Standard personnel the rest of the information is auto-generated from a syndicated feed.) First Released: Aug 07 2024|10:55 PM IST.