Sudarshan Chemicals Posts Healthy Q3 Performance In Weak Demand Scenario: Dolat Capital  
An employee mixes a solution at the research laboratory (Photographer Dario Pignatelli/Bloomberg)

Sudarshan Chemicals Posts Healthy Q3 Performance In Weak Demand Scenario: Dolat Capital  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Sudarshan Chemical Industries Ltd. reported a healthy Q3 FY21 performance in an otherwise weak demand scenario.

Sales grew by 19.6% YoY to Rs 5.06 billion (our estimate Rs 4.2 billion).

Gross margins remained flattish on a YoY basis at 42.8%. Ebitda grew by 26.5% YoY to Rs 796 million (our estimate Rs 641million), with healthy Ebitda margin of 15.7% (up 90 basis points YoY).

Profit after tax growth too beat our estimates as the company reported a growth of 38.3% YoY.

Click on the attachment to read the full report:

Dolat Capital Sudarshan Chemicals Q3FY21 Result Update.pdf

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