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

.Income coming from operations fell regarding 17 per-cent to Rs 4,729 crore.|Photo: Facebook1 min checked out Final Upgraded: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals solid Coromandel International stated a 37.1 per cent join first-quarter revenue on Wednesday, harmed through weak point in its own fertilizer as well as nutrients service.The business's web earnings after tax obligation fell to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year earlier.Revenue from operations fell concerning 17 percent to Rs 4,729 crore, creating it the provider's 5th successive one-fourth of downtrend.SECRET SITUATION.Agrochemical and also fertilizer companies have actually reported an uninspired performance as excessive inventory in the domestic market pressured their sales amounts and also margins.Having said that, residential requirement is anticipated to identify the customers of above-average gale rainfalls this year as well as a bumper harvesting, professionals stated.Peer SRF published a come by its revenue for the fourth, hurt by weak requirement in its chemicals organization, while Deepak Fertilisers and Petrochemicals submitted income growth, assisted through lower input expense.( Only the headline and also image of this document might possess been actually modified due to the Business Specification personnel the rest of the web content is auto-generated coming from a syndicated feed.) 1st Released: Aug 07 2024|10:55 PM IST.