Stock Report

Sumitomo Chemical India Ltd posts lower consolidated PAT of Rs. 54.71 crores in Q3 FY2024

Posted On : 2024-02-01 21:35:07( TIMEZONE : IST )

Sumitomo Chemical India Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 568.889 crores during the period ended December 31, 2023 as compared to Rs. 928.047 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 54.713 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 143.446 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 1.1 for the period ended December 31, 2023 as compared to Rs. 2.87 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹568.889 crs	₹928.047 crs	-38.70%
Net Profit	₹54.713 crs	₹143.446 crs	-61.86%
EPS	₹1.1	₹2.87	-61.67%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs.568.889 crores during the period ended December 31, 2023 as compared to Rs.766.161 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.54.713 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.90.483 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.1.1 for the period ended December 31, 2023 as compared to Rs.1.81 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹568.889 crs	₹766.161 crs	-25.75%
Net Profit	₹54.713 crs	₹90.483 crs	-39.53%
EPS	₹1.1	₹1.81	-39.23%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.2238.710 crores during the 9 Months period ended December 31, 2023 as compared to Rs.2887.764 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.259.837 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.430.080 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.5.21 for the 9 Months period ended December 31, 2023 as compared to Rs.8.62 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹2238.710 crs	₹2887.764 crs	-22.48%
Net Profit	₹259.837 crs	₹430.080 crs	-39.58%
EPS	₹5.21	₹8.62	-39.56%

Shares of Sumitomo Chemical India Limited was last trading in BSE at Rs. 415.85 as compared to the previous close of Rs. 394.70. The total number of shares traded during the day was 33990 in over 1286 trades.

The stock hit an intraday high of Rs. 417.45 and intraday low of 394.65. The net turnover during the day was Rs. 13941693.00.