Sudarshan Chemical Industries Limited Reports Standalone Unaudited Earnings Results for Third Quarter and Nine Months Ended Dec. 31, 2016
February 10, 2017 at 03:21 am EST
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Sudarshan Chemical Industries Limited reported standalone unaudited earnings results for third quarter and nine months ended Dec. 31, 2016. For the quarter, the company reported net sales/income from operations of INR 2,732.92 million, profit from operations before other income and finance costs and exceptional items of INR 189.05 million, profit from ordinary activities before tax of INR 159.58 million, net profit of INR 121.62 million or INR 1.76 per diluted share compared to the net sales/income from operations of INR 2,694.07 million, profit from operations before other income and finance costs and exceptional items of INR 201.9 million, profit from ordinary activities before tax of INR 159.56 million, net profit of INR 131.5 million or INR 1.9 per diluted share for the same quarter a year ago.
For the year to date, the company reported net sales/income from operations of INR 9,432.55 million, profit from operations before other income and finance costs and exceptional items of INR 1,014.16 million, profit from ordinary activities before tax of INR 971.59 million, net profit of INR 703.23 million or INR 10.16 per diluted share compared to the net sales/income from operations of INR 8,835.33 million, profit from operations before other income and finance costs and exceptional items of INR 827.1 million, profit from ordinary activities before tax of INR 672.98 million, net profit of INR 497.03 million or INR 7.18 per diluted share for the same period 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.