Sudarshan Chemical Industries Limited Reports Audited Standalone Earnings Results for Fourth Quarter and Full Year and Consolidated Earnings Results for the Year Ended March 31, 2019
May 24, 2019 at 06:02 am EDT
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Sudarshan Chemical Industries Limited reported audited standalone earnings results for fourth quarter and full year and consolidated earnings results for the year ended March 31, 2019. For the quarter, on standalone basis, the company reported total income of INR 3,910.05 million compared to INR 3,731.22 million a year ago. Profit after tax was INR 121.79 million or INR 1.8 per basic and diluted share compared to INR 224.94 million or INR 3.2 per basic and diluted share a year ago. Basic and diluted earnings per share from continuing operations was INR 2.0 against INR 3.1 reported last year.
For the year, on standalone basis, the company reported total income of INR 14,386.53 million compared to INR 13,391.37 million a year ago. Profit after tax was INR 1,515.58 million or INR 21.9 per basic and diluted share compared to INR 880.27 million or INR 12.72 per basic and diluted share a year ago. Basic and diluted earnings per share from continuing operations was INR 21.6 against INR 12.3 reported last year.
For the year, on consolidated basis, the company reported revenue from operations of INR 14,824.80 million compared to INR 13,611.26 million a year ago. Profit after tax was INR 1,350.99 million or INR 19.5 per basic and diluted share compared to INR 847.25 million or INR 12.2 per basic and diluted share a year ago. Basic and diluted earnings per share from continuing operations was INR 20.2 against INR 11.1 reported last year.
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.
Sudarshan Chemical Industries Limited Reports Audited Standalone Earnings Results for Fourth Quarter and Full Year and Consolidated Earnings Results for the Year Ended March 31, 2019