Sudarshan Chemical Industries Limited Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2018
October 29, 2018 at 05:52 am EDT
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Sudarshan Chemical Industries Limited announced unaudited earnings results for the second quarter and six months ended September 30, 2018. For the quarter, the company reported revenue from operations of INR 3,702.91 million compared to INR 3,095.44 million a year ago. Total income from operations was INR 3,771.04 million compared to INR 3,151.58 million a year ago. Total income was INR 3,755.55 million compared to INR 3,171.95 million a year ago. Profit before tax and exceptional items from continuing operations was INR 364.27 million compared to INR 321.63 million a year ago. Profit after tax was INR 297.13 million compared to INR 230.68 million a year ago. Basic earnings per share were INR 4.3 compared to INR 3.1 a year ago.
For the six months, the company reported revenue from operations of INR 7,075.65 million compared to INR 6,260.03 million a year ago. Total income from operations was INR 7,196.57 million compared to INR 6,375.87 million a year ago. Total income was INR 7,222.42 million compared to INR 6,485.37 million a year ago. Profit before tax and exceptional items from continuing operations was INR 757.37 million compared to INR 653.82 million a year ago. Profit after tax was INR 1,248.86 million compared to INR 464.69 million a year ago. Basic earnings per share were INR 18.0 compared to INR 6.7 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. 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.