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Sudarshan Chemical Industries Ltd has posted a profit after tax of Rs 10.3 crore in Q214 against Rs 2.4 crore during the same quarter of FY13.
Total income from operations for the two quarters under review was Rs 271 crore and Rs 195 crore respectively, representing a growth of around 39 per cent.
Net profit would have been higher but for increase in interest and depreciation costs on account of capital expenditure undertaken and absorption of forex mark to market losses, the Pune-based company said in a statement.
In the quarter, pigment sales, which contributed mainly to the growth stood at Rs 235 crore against Rs 167.4 crore during the same quarter of the previous year thereby registering a growth of 40 per cent, with both export and domestic markets improving. Agro sales rose by 31 per cent to stand at Rs 36 crore.
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