Sudarshan Chemical Industries Ltd reported a significant 67% year-on-year increase in net profit, reaching ₹29.9 crore for Q2 ending September 30, 2024. This marks a sharp rise from the ₹17.9 crore net profit recorded in the same quarter of the previous fiscal, as per the company’s regulatory filing. Revenue from operations saw a 16% boost, climbing to ₹689 crore from ₹594.7 crore in the corresponding period last year.
Operating profit (EBITDA) rose by 47%, amounting to ₹87.4 crore for this quarter, compared to ₹59.5 crore in Q2 of the previous year, and EBITDA margin improved to 12.7%, up from 10%. EBITDA, which stands for earnings before interest, tax, depreciation, and amortisation, reflects the company’s enhanced profitability.
Earlier, on October 11, Sudarshan Chemical announced its acquisition of Heubach Group, a leading global pigment producer, for €127.5 million (around ₹1,180 crore). Through its subsidiary Sudarshan Europe B.V., SCIL will take over Heubach Colorants Germany GmbH, Heubach GmbH, Dr Hans Heubach GmbH, Heubach Group GmbH, and associated holdings in multiple countries, as well as 100% of Heubach Holdings S.a.r.l., a Luxembourg-based entity with investments in India and the US.
Heubach, generating over €1 billion in annual revenue for FY21 and FY22, is a major player in specialty chemicals, particularly in organic and inorganic pigments. With a 200-year history, the company has broadened its global presence, including the 2022 acquisition of Clariant’s Pigments division.
Sudarshan Chemical Industries is a leading Indian company specializing in the production of high-quality pigments and color solutions, serving industries worldwide across sectors such as coatings, plastics, cosmetics, and automotive.
Headquartered in Pune, Sudarshan Chemical is known for its innovation and dedication to delivering vibrant, eco-friendly, and sustainable color solutions that meet diverse application needs. The company’s extensive product range includes organic and inorganic pigments, dispersions, and specialty colors, making it one of the top global suppliers in the pigment industry.
With state-of-the-art manufacturing facilities and a strong focus on research and development, Sudarshan Chemical continuously enhances its products to align with global standards and emerging market trends.
Emphasizing sustainability, the company has implemented initiatives to reduce its environmental impact, reinforcing its commitment to responsible production practices. Through high-performance products and a customer-centric approach, Sudarshan Chemical has established itself as a trusted name in the global color solutions market.
