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Coromandel International Q1 results: Profit drops 37.1% to Rs 311 cr Business End results

.Profits from procedures fell concerning 17 per-cent to Rs 4,729 crore.|Image: Facebook1 minutes reviewed Final Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals solid Coromandel International stated a 37.1 per-cent join first-quarter income on Wednesday, hurt by weakness in its own fertiliser as well as nutrients service.The firm's net revenue after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June one-fourth from Rs 494 crore a year earlier.Profits from functions went down about 17 per cent to Rs 4,729 crore, creating it the firm's 5th consecutive quarter of decrease.SECRET SITUATION.Agrochemical and also fertilizer providers have disclosed a dull functionality as extreme inventory in the residential market pushed their sales volumes and scopes.However, domestic need is actually anticipated to notice the customers of above-average gale storms this year as well as a bumper harvesting, experts stated.Peer SRF submitted a come by its income for the one-fourth, hurt by weak need in its chemicals service, while Deepak Fertilisers as well as Petrochemicals posted earnings surge, assisted through lesser input expense.( Only the title as well as photo of this report may possess been actually revamped by the Service Criterion workers the rest of the material is auto-generated from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.