Sumitomo Chemical India’s March Quarter Net Profit Falls 9.2%, Revenue Rises

Sumitomo Chemical (India) Ltd’s consolidated net profit for the March quarter fell 9.2% year on year to ₹995.8 million. Revenue from operations rose 0.8% to ₹6.79 billion. On a sequential basis, net profit grew 14.5% and revenue increased 5.8%. Analysts had expected the net profit to be ₹1.22 billion. Other income rose to ₹316.2 million from ₹267.0 million a year earlier.

Total expenditure, including finance cost, reached ₹5.78 billion compared with ₹5.52 billion the previous year. Finance cost increased to ₹16.6 million from ₹13.1 million. The tax outgo for the March quarter was ₹333.2 million, down from ₹389.1 million a year ago.

For the fiscal year 2024-2025, net profit jumped 36.8% to ₹5.05 billion while revenue rose 10.7% to ₹31.49 billion. The company announced a dividend of ₹1.20 per share.