Business Update31 Oct 2024, 11:03 pm
Sudarshan Chemical Reports 42% YoY Growth in Consolidated EBITDA, Income from Operations at Rs 696 Crore
AI Summary
Sudarshan Chemical Industries Limited, India’s largest pigment producer, announced its financial results for the second quarter of FY25. The company achieved a 42% growth in consolidated EBITDA at Rs 94 crore and a 128% increase in consolidated Profit After Tax (PAT) at Rs 41 crore. Sudarshan Chemical’s Q2FY25 consolidated income reached Rs 696 crores, a 16% increase compared to the second quarter last year. The company is leveraging its comprehensive product portfolio to meet the demands of high-growth markets, particularly in specialty segments such as coatings, plastics, inks, and cosmetics. The acquisition of Heubach is expected to cater to the demand for high-performance pigments in international markets.
Key Highlights
- 42% YoY growth in consolidated EBITDA at Rs 94 crore
- 128% YoY growth in consolidated PAT' at Rs 41 crore
- Seventh consecutive quarter of sales growth on a YoY basis
- Net debt to EBITDA (Annualized) improved from 1.7X in Q2FY24 to 1.0X in Q2FY25
- Acquisition of Heubach to cater to the demand for high-performance pigments in international markets