Sudarshan Chemicals Industries Q3 FY24 Results Live: Profit Rises by 2398.63% YoY

Sudarshan Chemicals Industries announced their Q3 FY24 results on 02 Feb, 2024, revealing a significant increase in profit. The company's topline also saw a positive growth of 7.15% compared to the previous year.

However, when compared to the previous quarter, the revenue declined by 5.81% and the profit decreased by 18.29%.

The Selling, general & administrative expenses rose by 1.91% compared to the previous quarter and increased by 22.09% compared to the same quarter last year.

The operating income showed a decline of 17.51% compared to the previous quarter, but it increased by 40.34% compared to the same quarter last year.

The earning per share (EPS) for Q3 FY24 is ₹2.1, which indicates a significant increase of 2000% compared to the previous year.

In terms of returns, Sudarshan Chemicals Industries delivered a positive return of 0.69% in the last 1 week, 1.12% in the last 6 months, but a negative return of -4.41% year-to-date.

The market capitalization of Sudarshan Chemicals Industries currently stands at ₹3633.05 Cr, with a 52-week high of ₹566.95 and a 52-week low of ₹341.

As of 04 Feb, 2024, out of the 7 analysts covering the company, there is a mixed recommendation. 1 analyst has given a Sell rating, 3 analysts have given a Hold rating, 1 analyst has given a Buy rating, and 2 analysts have given a Strong Buy rating.

The consensus recommendation as of 04 Feb, 2024, was to Buy.