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

.Profits coming from functions fell regarding 17 per cent to Rs 4,729 crore.|Photo: Facebook1 minutes checked out Last Improved: Aug 07 2024|10:55 PM IST.Indian farming chemicals solid Coromandel International mentioned a 37.1 percent join first-quarter profit on Wednesday, hurt through weak spot in its own fertilizer and nutrients business.The provider's web income after tax fell to Rs 311 crore ($ 37.05 thousand) for the April-June quarter from Rs 494 crore a year previously.Revenue from functions went down about 17 per-cent to Rs 4,729 crore, producing it the company's 5th successive one-fourth of decline.TRICK CIRCUMSTANCE.Agrochemical as well as fertilizer business have mentioned a dull functionality as excessive stock in the domestic market pushed their purchases quantities and frames.Having said that, domestic need is anticipated to identify the prospects of above-average monsoon storms this year as well as a bumper harvest, experts stated.Peer SRF submitted a come by its earnings for the one-fourth, injured by unstable requirement in its chemicals company, while Deepak Fertilisers as well as Petrochemicals uploaded income surge, helped by lower input cost.( Simply the headline as well as picture of this report may have been modified due to the Business Standard staff the rest of the material is actually auto-generated from a syndicated feed.) First Released: Aug 07 2024|10:55 PM IST.