Sudarshan Chemical Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
November 09, 2022 at 08:35 am EST
Share
Sudarshan Chemical Industries Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 5,213.64 million compared to INR 4,930.6 million a year ago. Revenue was INR 5,298.06 million compared to INR 4,990.29 million a year ago. Net income was INR 45.38 million compared to INR 227.59 million a year ago. Basic earnings per share from continuing operations was INR 0.7 compared to INR 3.3 a year ago. Diluted earnings per share from continuing operations was INR 0.7 compared to INR 3.2 a year ago.
For the six months, sales was INR 10,710.4 million compared to INR 9,640.63 million a year ago. Revenue was INR 10,847.97 million compared to INR 9,736.2 million a year ago. Net income was INR 116.15 million compared to INR 489.23 million a year ago. Basic earnings per share from continuing operations was INR 1.7 compared to INR 7.1 a year ago. Diluted earnings per share from continuing operations was INR 1.7 compared to INR 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.