Sumitomo Chemical India Ltd. Announces Audited Standalone and Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2020
June 05, 2020 at 08:11 am EDT
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SUMITOMO CHEMICAL INDIA LTD. Announced audited standalone and consolidated earnings results for the fourth quarter and year ended March 31, 2020. For the quarter, on standalone basis the company reported Revenue from Operations INR 4,436.06 million compared to INR 4,219.67 million a year ago. Total income was INR 4,486.82 million compared to INR 4,235.10 million a year ago. Net Profit after tax was INR 228.00 million compared to net loss after tax INR 13.59 million a year ago. Basic and Diluted Earnings per Share of 10/- each (not annualised) was INR 0.46 compared to basic and diluted loss per Share of 10/- each (not annualized) INR 0.03 a year ago.
For the year, on standalone basis the company reported Revenue from Operations INR 24,233.61 million compared to INR 22,230.23 million a year ago. Total income was INR 24,341.98 million compared to INR 22,306.36 million a year ago. Net profit after tax was INR 2,056.26 million compared to INR 1,670.02 million a year ago. Basic and diluted earnings per Share of 10/- each (not annualized) was INR 4.12 compared to INR 3.35 a year ago.
For the quarter, on consolidated basis the company reported Revenue from Operations INR 4,457.68 million compared to INR 4,217.26 million a year ago. Total income was INR 4,508.29 million compared to INR 4,234.54 million a year ago. Net profit after tax was INR 229.06 million compared to net loss after tax INR 11.18 million a year ago. Basic and diluted earnings per share of 10/- each (not annualised) was INR 0.46 compared to Basic and Diluted loss per Share of 10/- each (not annualised) INR 0.02 a year ago.
For the year, on consolidated basis the company reported Revenue from Operations INR 24,247.49 million compared to INR 22,284.20 million a year ago. Total income was INR 24,354.57 million compared to INR 22,359.79 million a year ago. Net profit after tax was INR 2,046.95 million compared to INR 1,657.96 million a year ago. Basic and diluted earnings per Share of 10/- each (not annualised) was INR 4.10 compared to INR 3.32 a year ago.
Sumitomo Chemical India Limited is an India-based company. The Company manufactures, imports and markets products for crop protection, grain fumigation, rodent control, bio pesticides, environmental health, professional pest control and feed additive. It is primarily engaged in manufacturing and sales of household insecticides, agricultural pesticides, public health insecticides and animal nutrition products. It operates two segments, namely Agro Chemicals and Others (environmental health division and animal nutrition division). Its product range comprises of chemistry sourced from its parent company, Sumitomo Chemical Company and biological products sourced from United States-based subsidiary, Valent Biosciences LLC, which is engaged in producing a range of naturally occurring pesticides and plant growth regulators. It also produces various technical grade pesticides in its manufacturing units with indigenous research and development (R&D) facility.
SUMITOMO CHEMICAL INDIA LIMITED 
