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Coromandel International Q1 results: Earnings drops 37.1% to Rs 311 cr Firm Results

.Earnings coming from operations dropped concerning 17 per cent to Rs 4,729 crore.|Photograph: Facebook1 min read through Last Improved: Aug 07 2024|10:55 PM IST.Indian agrarian chemicals firm Coromandel International mentioned a 37.1 per-cent join first-quarter earnings on Wednesday, injured through weak point in its own fertiliser and nutrients service.The company's net earnings after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June fourth from Rs 494 crore a year previously.Earnings coming from procedures went down regarding 17 percent to Rs 4,729 crore, creating it the firm's 5th consecutive fourth of decline.TRICK CONTEXT.Agrochemical as well as plant food firms have mentioned a lackluster functionality as excessive inventory in the domestic market pressured their purchases volumes and scopes.Having said that, residential need is expected to identify the leads of above-average gale rains this year as well as a bumper produce, analysts claimed.Peer SRF uploaded a come by its profit for the quarter, injured through weak demand in its own chemicals company, while Deepak Fertilisers and also Petrochemicals published revenue rise, helped by lesser input cost.( Only the title and also picture of this document might possess been revamped by the Company Requirement team the remainder of the content is auto-generated from a syndicated feed.) Initial Released: Aug 07 2024|10:55 PM IST.