Sudarshan Chemical Industries Limited Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 30, 2016 at 03:03 pm IST
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Sudarshan Chemical Industries Limited reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales/income from operations of INR 2,694.07 million compared to INR 2,439.79 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 201.90 million compared to profit from operations before other income, finance costs and exceptional items of INR 174.91 million a year ago. Profit from ordinary activities before tax was INR 159.56 million compared to profit from ordinary activities before tax of INR 148.73 million a year ago. Net profit was INR 131.5 million compared to net profit of INR 108.23 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 1.90 compared to basic and diluted profit per share before and after extraordinary items of INR 1.56 a year ago.
For the nine months, the company reported net sales/income from operations of INR 8,835.33 million compared to INR 8,120.59 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 827.1 million compared to profit from operations before other income, finance costs and exceptional items of INR 619.68 million a year ago. Profit from ordinary activities before tax was INR 672.98 million compared to profit from ordinary activities before tax of INR 545.03 million a year ago. Net profit was INR 497.03 million compared to net profit of INR 388.42 million a year ago. Basic and diluted profit per share before and after extraordinary items was INR 7.18 compared to basic and diluted profit per share before and after extraordinary items of INR 5.61 a year ago.
Sudarshan Chemical Industries Limited is an India-based global color and pigment manufacturer. The Company is engaged in supplying pigments and solvent dyes for coatings, plastics, printing and digital printing, cosmetics, and special applications. The Company operates through two segments: Pigments, and Others. The Pigments segment produces and sells a range of organic, inorganic, effect pigments, and dispersions primarily for paints, plastics, inks, and cosmetics industries. The Others segment comprises of project engineering and manufacturing business of grinding solutions, clean air solutions, power handling solutions, and others. It offers a complete palette of colors for everyday use, durable colors, and special effects. Its coatings applications include decorative, industrial, and automotive paints. The Companyâs brands include Sudaperm, Sudafast, Sudacolor, Sudajet, Sudatherm, Sudasol, Sudanyl, Sumica, Sumicos, Prestige, and Sudacos.