Categories Earnings, Others, Research Summary

Sumitomo Chemical India Q3FY23 Earnings Story

One of the top companies in the sector, Sumitomo Chemical India Ltd. (SCIL), has quite a diversified portfolio of technical and formulation products as well as backward integration for certain of its goods. The company is well-known for domestically promoting the exclusive goods produced by Sumitomo Chemical Company Ltd, its Japanese parent company, in the business sectors of agro – chemicals, animal health, and environmental health. The company now has a robust inventory of generic versions in addition to speciality goods, as well as a strong joint marketing network, thanks to the incorporation of Excel Crop Care Ltd. The Firm has advanced significantly in the Indian plant protection market because to this integration. Also, SCIL has made a point of being present in Africa and other international regions.

Financial Results:

The firm recorded total revenue of Rs. 766.827 crores for the quarter that ended on December 31, 2022, up from Rs. 713.327 crores for the quarter that ended on December 31, 2021.

The firm reported net profit of ₹ 90 crores for the quarter that ended on December 31, 2022, compared to ₹ 89 crores for the quarter that ended on December 31, 2021.

In comparison to the period ending December 31, 2021, the firm recorded an EPS of ₹1.78 for the quarter ended December 31, 2022.

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