iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Sudarshan Chemical's net profit jumps ~67% to ₹30 Crore

29 Oct 2024 , 10:24 AM

Sudarshan Chemical Industries Ltd reported a 67% year-on-year (YoY) increase in net profit to ₹29.9 Crore for the second quarter ended September 30, 2024.

Sudarshan Chemical Industries reported a net profit of ₹17.9 Crore for the same period in the previous fiscal year, according to a regulatory filing. Revenue from operations climbed by 16% to ₹689 Crore, up from ₹594.7 Crore in the previous fiscal period.

EBITDA increased by 47% to ₹87.4 Crore in the second quarter of this fiscal year, up from ₹59.5 Crore in the same period last year.

The EBITDA margin was 12.7% in the reporting quarter, up from 10% in the same period last fiscal year. 

Sudarshan Chemical Industries paid €127.5 Million (roughly ₹1,180 Crore) for the Heubach Group, a major pigment maker.

SCIL will acquire Heubach’s assets and business operations through its subsidiary, Sudarshan Europe B.V., including Heubach Colourants Germany GmbH, Heubach GmbH, Dr Hans Heubach GmbH, Heubach Group GmbH, and Heubach Holding Switzerland AG’s participation in downstream Group Companies in various countries.

Heubach, with approximately €1 Billion in revenue for FY21 and FY22, is a major participant in the speciality chemicals market, particularly organic and inorganic pigments. The company, known for its 200-year tradition, increased its global footprint with the acquisition of Clariant’s BU Pigments in 2022.

In addition, SCIL would acquire a 100% share in Heubach Holdings S.a.r.l., a Luxembourg-based holding company with investments in India and the United States.

For feedback and suggestions, write to us at editorial@iifl.com

Related Tags

  • Sudarshan Chemical
  • Sudarshan Chemical news
  • Sudarshan Chemical Q2 Results
sidebar mobile

BLOGS AND PERSONAL FINANCE

Images
12 Nov 2024|04:33 PM
Images
12 Nov 2024|01:57 PM
Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedin

2024, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

plus
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp