Sharekhan's research report on Sumitomo Chemical India
Sumitomo’s reported revenue of Rs. 988 crore, marking a 9% increase compared to the same period last year and an 18% rise from the previous quarter, exceeding our projections by 5%. EBITDA stood at Rs. 245 crore, up 31% y-o-y and 52% q-o-q, surpassing our estimates by 30%. PAT stood at Rs. 67 crore, up 29% y-o-y and 51% q-o-q.
Outlook
Improved domestic demand on account of good monsoon, ramp-up of already completed capex, and increased margins bodes well for the company. We have increased our FY2025/FY2026 earnings estimates and have introduced FY2027 estimates. Hence, we have revised our PT to Rs. 659.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
