Sudarshan Chemicals Industries Q2 Results Live : Sudarshan Chemicals Industries declared their Q2 results on October 28, 2024, showcasing a significant increase in both revenue and profit. The topline surged by 15.88% year-over-year, while profit saw an impressive rise of 67.44%. Compared to the previous quarter, revenue grew by 9.86%, and profit increased by 1.6%.
The company reported that Selling, General & Administrative expenses rose by 4.37% quarter-on-quarter and increased by 7.99% year-over-year. Despite these rising costs, Sudarshan Chemicals managed to boost its operating income, which was up by 16.67% quarter-on-quarter and 54.93% year-over-year.
Earnings per share (EPS) for Q2 stood at ₹5.42, marking a remarkable increase of 108.49% year-over-year. This growth has contributed to a strong performance in the stock market, as Sudarshan Chemicals Industries has delivered a 28.83% return in the last six months and an impressive 73.56% year-to-date.
As of now, Sudarshan Chemicals Industries has a market capitalization of ₹6596.32 crore, with a 52-week high of ₹1234.45 and a low of ₹448.6. In terms of analyst ratings, there is a mixed sentiment; out of seven analysts covering the company, one has given a ‘Sell’ rating, one a ‘Hold’, four a ‘Buy’, and one a ‘Strong Buy’.
The consensus recommendation as of October 30, 2024, is to ‘Buy’, reflecting confidence in the company’s performance and growth potential amidst a volatile market.
Sudarshan Chemicals Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 696.09 | 633.62 | +9.86% | 600.68 | +15.88% |
| Selling/ General/ Admin Expenses Total | 56.77 | 54.39 | +4.37% | 52.57 | +7.99% |
| Depreciation/ Amortization | 36.61 | 35.93 | +1.88% | 35.42 | +3.35% |
| Total Operating Expense | 642.78 | 587.92 | +9.33% | 566.26 | +13.51% |
| Operating Income | 53.32 | 45.7 | +16.67% | 34.41 | +54.93% |
| Net Income Before Taxes | 42.81 | 41.11 | +4.14% | 26.22 | +63.29% |
| Net Income | 29.9 | 29.43 | +1.6% | 17.86 | +67.44% |
| Diluted Normalized EPS | 5.42 | 4.2 | +29.06% | 2.6 | +108.49% |