Categories AlphaGraphs, Earnings, Industrials

Sumitomo Chemical India Ltd Q1FY24; 55% fall in Profits

Sumitomo Chemical India Ltd. (SCIL) is one of the leading players in the industry which has a balanced portfolio of technical as well as formulation products along with backward integration for some products. The Company is known for domestic marketing of proprietary products of its Japanese parent -Sumitomo Chemical Company Limited in agrochemicals, animal nutrition, and environmental health business segments. With the integration of Excel Crop Care Limited, the Company now has a strong portfolio of generics in addition to specialty products and a strong combined marketing network. With this integration, the Company has moved up several notches in the pecking order of the Indian crop protection industry. SCIL has also marked its presence in Africa and several other geographies of the world.

Financial Results:

Sumitomo Chemical India Ltd reported Revenues for Q1FY24 of ₹724.00 Crores down from ₹986.00 Crore year on year, a fall of 26.57%.

Total Expenses for Q1FY24 of ₹658.00 Crores down from ₹810.00 Crores year on year, a fall of 18.77%.

Consolidated Net Profit of ₹62.00 Crores down 55.07% from ₹138.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.24, down 55.23% from ₹2.77 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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