Sudarshan Chemical Industries Ltd., a pigments manufacturer based in India has reported its financial results for the period ended March 31, 2020.
Q4 Results
For the quarter, the company has posted a net profit of Rs 27.30 crores ($3.6 million), a 3.8% increase as against Rs 25.81 crores ($3.4 million) during the prior-year quarter.
Net sales rose 5.8% to Rs 450.10 crores ($59.5 million) for the quarter ended March 31, 2020 as compared to Rs 433.75 crores ($57.3 million) during the prior-year quarter.
Full-Year Results
The company’s net profit rose 7% to Rs 144.53 crores ($19.1 million) for the full-year period ended March 31, 2020 as against Rs 135.09 crores ($17.9 million) for the full-year period ended March 31, 2019.
The company has reported net sales of Rs 1712.87 crores ($226.4 million) during the full-year period ended March 31, 2020, a 7.1% increase as compared to Rs 1600.08 crores ($211.5 million) during the full-year period ended March 31, 2019.
The company has reported EPS of Rs 20.9 ($0.28) for the full-year period ended March 31, 2020 as compared to Rs 19.5 ($0.26) for the full-year period ended March 31, 2019.
The Company said that its internal evaluation on the impact of COVID-19 pandemic on its business operations showed no significant impact on its financial results.
“Our production capacities and deliveries were ramped up gradually based on availability of raw material, manpower and transport infrastructure within the conditions stipulated by the letter granting permission (during the lockdown),” the company said.