BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Securities Report
Sudarshan Chemical Industries Ltd.'s topline surpassed our estimates while bottom line remained below our estimates.
Reported revenue grew 16.9% YoY to Rs 554.2 crore, led by higher growth from engineering (up 35.1% YoY) and pigments (up 16.1% YoY).
Gross margins fell 600 basis points YoY to ~40.4% while Ebitda margins contracted 560 bps YoY to 7.5% due to higher cost of goods sold (up 30% YoY).
Ebitda declined 33.2% YoY to Rs 41.4 crore. The decline was led by elevated level of Input costs across multiple intermediates. Profit after tax was down 72.9% YoY to Rs 7.1 crore. The lower growth in bottomline was on account of higher taxes (31.9% versus. 22.4% in Q4 FY22).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
