Sudarshan Chemical reports impressive numbers in Q3FY18

India's largest pigment producer Sudarshan Chemical Industries reported standalone revenue for the quarter at Rs. 345.09 crore, registering 14.6 per cent yoy increase. This was mainly on account of increase in revenue of both segments pigment (up by 13.8 per cent yoy) and agro chemicals (up by 10.3 per cent yoy) division.

EBITDA for the quarter rose by 42.6 per cent yoy to Rs. 45.7 crore with a corresponding margin expansion of 261 bps. EBITDA margin for the quarter stood at 13.2 per cent. The PAT for the quarter came in at Rs. 19.06 crore, yoy increase of 53.6 per cent.

Sundarshan Chemical Industries is a market leader in pigment production with 35 per cent market share in India. Ahead of its quarterly reporting, the stock of Sudarshan Chemical traded in positive and surged more than 8 per cent and closed on Thursday at Rs. 454.35 per share as against Wednesday’s close of Rs. 419.75.