Sudarshan Chemical Industries Limited Reports Standalone and Consolidated Earnings Results for the Year Ended March 31, 2019
July 12, 2019 at 01:03 pm EDT
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Sudarshan Chemical Industries Limited reported standalone and consolidated earnings results for the year ended March 31, 2019. For the year, on standalone basis, the company reported revenue from operations of INR 14,328.61 million compared to INR 13,283.49 million a year ago. Total income was INR 14,386.53 million compared to INR 13,391.37 million a year ago. Profit for the year was INR 1,515.58 million compared to INR 880.27 million a year ago. Earnings per share from Continuing Operations was INR 21.60 per basic share against INR 12.25 per share a year ago. Earnings per share from discontinued operations was INR 0.29 per basic share against INR 0.46 per share a year ago.
For the year, on consolidated basis, the company reported revenue from operations of INR 14,765.10 million compared to INR 13,519.54 million a year ago. Profit for the year was INR 1,350.99 million compared to INR 847.25 million a year ago. Earnings per share from Continuing Operations was INR 20.19 per basic share against INR 11.11 per share a year ago. Loss per share from discontinued operations was INR 0.67 per basic share against earnings per share of INR 1.13 per share 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.