Sumitomo Chemical India Limited., an Indian subsidiary of agrochemicals manufacturer Sumitomo Chemical announced its results for the second quarter ended Sept 30, 2022.
Q2 Results- QoQ
The company’s net profit grew 45.8% to Rs 2.01 billion for the period ended Sept 30, 2022 as against net profit of Rs 1.38 billion for the previous quarter.
Net sales increased 14.3% to Rs 11.32 billion during the period ended Sept 30, 2022 as compared to Rs 9.9 billion during the previous quarter.
Q2 Results- YoY
The company reported 30.6% growth in net profit of Rs 2.01 billion for the period ended Sept 30, 2022 as against net profit of Rs 1.54 billion for the prior-year quarter.
Net sales increased 23.3% to Rs 11.32 billion during the period ended Sept 30, 2022 as compared to Rs 9.18 billion during the prior-year quarter.
H1 Results- YoY
The company reported 30.6% growth in net profit of Rs 3.39 billion for the period ended Sept 30, 2022 as against net profit of Rs 2.59 billion for the prior-year 1st half period.
Net sales increased 24.4% to Rs 21.22 billion during the period ended Sept 30, 2022 as compared to Rs 17.05 billion during the the 6 Months period last year.
Sumitomo Chemical India Limited is an Indian subsidiary of Japan’s Sumitomo Chemical engaged in the manufacture and sale of crop protection, animal nutrition, household, public health & pest control products.