Sudarshan Chemical Industries Ltd., a pigments manufacturer based in India has reported its financial results for the period ended March 31, 2021.
Q4 Results
For the quarter, the company has posted a net profit of Rs 53.42 crores ($7.4 million), a 96% increase as against Rs 27.3 crores ($3.8 million) during the prior-year quarter.
Net sales rose 29% to Rs 578.88 crores ($79.9 million) for the quarter ended March 31, 2021 as compared to Rs 450.1 crores ($62.10 million) during the prior-year quarter.
Full-Year Results
The company’s net profit dropped 2.4% to Rs 141.11 crores ($19.5 million) for the full-year period ended March 31, 2021 as against Rs 144.53 crores ($19.9 million) for the full-year period ended March 31, 2020.
The company has reported net sales of Rs 1871.12 crores ($258.3 million) during the full-year period ended March 31, 2021, a 7.1% increase as compared to Rs 1712.87 crores ($236.4 million) during the full-year period ended March 31, 2020.
“The Company has evaluated the impact of resurgence of COVID pandemic on its business operations, liquidity and financial position and based on management’s review of current indicators and economic conditions, no material adjustment is considered necessary..,” the Sudarshan Chemical stated in its stock exchange filing.