Sudarshan Chemicals Q1 PAT seen up 107.4% YoY to Rs. 37.8 cr: ICICI Direct

Sudarshan Chemical Industries | Company reported profit at Rs 30.33 crore in Q2FY21 against Rs 46.2 crore, revenue rose to Rs 428.9 crore from Rs 424.85 crore YoY. (Image: Moneycontrol)

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ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Chemicals sector. The brokerage house expects Sudarshan Chemicals to report net profit at Rs. 37.8 crore up 107.4% year-on-year (down 29.3% quarter-on-quarter).

Net Sales are expected to increase by 36 percent Y-o-Y (down 16.9 percent Q-o-Q) to Rs. 479.3 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 49.4 percent Y-o-Y (down 9.5 percent Q-o-Q) to Rs. 79.1 crore.

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