.Earnings coming from procedures dropped about 17 per cent to Rs 4,729 crore.|Picture: Facebook1 minutes read Last Updated: Aug 07 2024|10:55 PM IST.Indian agricultural chemicals firm Coromandel International disclosed a 37.1 per-cent fall in first-quarter profit on Wednesday, hurt by weak point in its fertiliser as well as nutrients business.The firm’s net income after tax fell to Rs 311 crore ($ 37.05 million) for the April-June fourth coming from Rs 494 crore a year earlier.Profits coming from operations went down about 17 percent to Rs 4,729 crore, producing it the firm’s fifth successive fourth of decrease.TRICK SITUATION.Agrochemical and also plant food companies have actually stated a poor performance as too much stock in the domestic market pressured their sales amounts and frames.Having said that, domestic need is actually counted on to pick up on the prospects of above-average downpour rainfalls this year as well as a bumper harvesting, experts stated.Peer SRF submitted a drop in its own profit for the fourth, injured through weak demand in its chemicals organization, while Deepak Fertilisers and also Petrochemicals uploaded earnings growth, assisted by lesser input cost.( Just the heading and also picture of this document may possess been revamped due to the Business Specification team the rest of the material is actually auto-generated from a syndicated feed.) Very First Released: Aug 07 2024|10:55 PM IST.