Sumitomo Chemical India Ltd posts surge in Q1FY21 PAT to Rs. 79.40 crore

Sumitomo Chemical India Ltd. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.650.01 crores during the period ended June 30, 2020 as compared to Rs.450.82 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.79.40 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.22.90 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.59 for the period ended June 30, 2020 as compared to Rs.0.46 for the period ended March 31, 2020.

Financials	Q1 FY2020-21	Q4 FY19-20	% Change
Total Income	₹ 650.01 crs	₹ 450.82 crs	44.18%
Net Profit	₹ 79.40 crs	₹ 22.90 crs	246.72%
EPS	₹ 1.59	₹ 0.46	245.65%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.650.01 crores during the period ended June 30, 2020 as compared to Rs.626.34 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.79.40 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.53.36 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.1.59 for the period ended June 30, 2020 as compared to Rs.1.07 for the period ended June 30, 2019.

Financials	Q1 FY2020-21	Q1 FY2019-20	% Change
Total Income	₹ 650.01 crs	₹ 626.34 crs	3.78%
Net Profit	₹ 79.40 crs	₹ 53.36 crs	48.8%
EPS	₹ 1.59	₹ 1.07	48.6%

Shares of Sumitomo Chemical India Ltd was last trading in BSE at Rs. 282.75 as compared to the previous close of Rs. 279.20. The total number of shares traded during the day was 28810 and the deliverable quantity was 12516 shares.

The stock hit an intraday high of Rs. 286 and intraday low of Rs. 77.10.

Source : Equity Bulls

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