Sudarshan Chemical Ind. Q3FY23 Earnings

A vast array of both organic & inorganic pigments, as well as effect pigments, are produced and sold by Sudarshan Chemical Industries. The Company also produces equipment for size reduction, grinding, and pollution control in industrial settings.

Financial Results:

 “On a consolidated basis for the quarter, total income from operations stood at INR528 crores as compared to INR602 crores for the same period last quarter last year grow by 12% year-on-year.

EBITDA for the quarter stood at INR42 crores as compared to rupees INR74 crores in Q3 FY 2022. EBITDA margin stood at 7.9% as compared to 12.3% over the same period last year. Profit after tax stood at INR0.6 crores as compared to INR36 crores for the same period last year. Sequentially, revenue remains flat at INR528 crores compared to Q2 FY 2023 and EBITDA is at INR42 crores compared to INR43 crores of Q2 FY 2023. On a yearly basis, total income from operations stood at INR1,611 crores versus INR1,574 crores in the same period last year, a growth of 2%. EBITDA for the period ending 31st December 2022 is at INR126 crores versus rupees INR189 crores last year. EBITDA margin is 7.8% versus 12% over the same period last year. PAT is at INR12 crores compared to INR85 crores for the same period last year.”

– Nilkanth Natu, Chief Financial Officer (In Q3FY23 ConCall)