Hot Pursuit     24-May-23
Sudarshan Chemical Inds soars after Q4 PAT zooms to Rs 32 cr
Sudarshan Chemical Industries surged 12.72% to Rs 442.55 after the company's consolidated net profit stood at Rs 32.57 crore, steeply higher from Rs 0.58 crore in Q4 FY23 over Q3 FY23.
Revenue from operations jumped 31.62% to Rs 685.17 crore in Q4 FY23 as compared to Rs 520.85 crore in Q3 FY23.

The company's net profit declined 27.1% to Rs 32.57 crore despite of 10.1% jump in revenue from operations to Rs 685.17 crore in Q4 FY23 over Q4 FY22.

Profit before tax decreased 29.3% year on year to Rs 40.65 crore in Q4 FY23.

EBITDA fell 1.16% to Rs 85 crore in Q4 FY23 as compared with Rs 86 crore in Q4 FY22. EBITDA margin stood at 12.3% in Q4 FY23 as against 13.7% in Q4 FY22.

Total expense increased 14.13% to Rs 652.07 crore in Q4 FY23 as compared with Rs 571.33 crore in Q4 FY22. Employee benefit expense was at Rs 48.72 crore (up 7.31% YoY), finance cost stood at Rs 15.04 crore (up 175.46% YoY) while cost of material consumed stood at Rs 390.21 (down 17.24% YoY)

Revenue from pigment business stood at Rs 594 crore in Q4 FY23, registering the growth of 6% as compared with Rs 558 crore posted in corresponding quarter last year.

On full year basis, the company's consolidated net profit tumbled 65.6% to Rs 44.77 crore in FY23 as compared with Rs 129.97 crore in FY22. Revenue from operations increased 4.3% year on year to Rs 2,276.79 crore in FY23.

Meanwhile, the board has recommended a final dividend of Rs 1.50 per equity share for FY23.

Further, the company's board has approved the reappointment of Rajesh B. Rathi as a managing director of the company for a further term of 5 years effective from 1 June 2023.

Sudarshan Chemical Industries manufactures and sells a wide range of organic, inorganic pigments and effect pigments.

Previous News
  Sudarshan Chemical Industries director resigns
 ( Corporate News - 14-Feb-25   12:24 )
  Sudarshan Chemical Industries to hold board meeting
 ( Corporate News - 18-May-22   10:17 )
  Sudarshan Chemical Industries Ltd leads gainers in 'A' group
 ( Hot Pursuit - 18-May-22   12:00 )
  Sudarshan Chemical Industries consolidated net profit declines 24.96% in the September 2021 quarter
 ( Results - Announcements 29-Oct-21   08:11 )
  Board of Sudarshan Chemical Industries recommends special dividend
 ( Corporate News - 29-Feb-20   14:03 )
  Sudarshan Chemical Industries resumes production at Mahad facility
 ( Corporate News - 16-Apr-20   17:53 )
  Sudarshan Chemical Industries schedules EGM
 ( Corporate News - 14-Dec-24   17:39 )
  Sudarshan Chemicals
 ( Analyst Meet / AGM - Conference Call 30-Oct-18   16:52 )
  Sudarshan Chemicals
 ( Analyst Meet / AGM - Conference Call 12-Aug-19   11:27 )
  Sudarshan Chemical Industries postpones board meeting
 ( Corporate News - 05-Dec-24   10:28 )
  Board of Sudarshan Chemical Industries recommends interim dividend
 ( Corporate News - 29-Feb-20   14:03 )
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