Sudarshan Chemical Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 23, 2023 at 10:55 am EDT
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Sudarshan Chemical Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 6,851.68 million compared to INR 6,225.4 million a year ago. Revenue was INR 6,927.18 million compared to INR 6,288.66 million a year ago. Net income was INR 325.7 million compared to INR 446.62 million a year ago. Basic earnings per share from continuing operations was INR 4.7 compared to INR 6.5 a year ago. Diluted earnings per share from continuing operations was INR 4.7 compared to INR 6.4 a year ago.
For the full year, sales was INR 22,767.88 million compared to INR 21,832.57 million a year ago. Revenue was INR 23,065.22 million compared to INR 22,058.08 million a year ago. Net income was INR 447.69 million compared to INR 1,299.66 million a year ago. Basic earnings per share from continuing operations was INR 6.5 compared to INR 18.8 a year ago. Diluted earnings per share from continuing operations was INR 6.5 compared to INR 18.7 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.