Sudarshan Chemical Industries Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 02, 2024 at 08:30 am EST
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Sudarshan Chemical Industries Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 5,591.88 million compared to INR 5,205.8 million a year ago. Revenue was INR 5,700.25 million compared to INR 5,290.07 million a year ago. Net income was INR 145.92 million compared to INR 5.84 million a year ago. Basic earnings per share from continuing operations was INR 2.1 compared to INR 0.1 a year ago. Diluted earnings per share from continuing operations was INR 2.1 compared to INR 0.1 a year ago.
For the nine months, sales was INR 17,562.08 million compared to INR 15,916.2 million a year ago. Revenue was INR 17,886.37 million compared to INR 16,138.04 million a year ago. Net income was INR 2,994.13 million compared to INR 121.99 million a year ago. Basic earnings per share from continuing operations was INR 43.3 compared to INR 1.8 a year ago. Diluted earnings per share from continuing operations was INR 43.2 compared to INR 1.8 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.
SUDARSHAN CHEMICAL INDUSTRIES LIMITED 
