Pune, India, 15th February 2025: Sudarshan Chemical Industries Limited (BSE: 506655; NSE: SUDARSCHEM), the third largest pigment player globally, today announced its financial results for the third quarter of FY25, showcasing a significant year-on-year growth in profits. The company achieved a 27% growth in consolidated EBITDA before exceptional expenses at Rs 79 crore and a 107% increase in consolidated Profit After Tax (PAT1) at Rs 31 crore.

Sudarshan Chemical’s Q3FY25 consolidated income reached ₹ 666 crores, a 18% increase compared to the third quarter last year, reflecting the eighth consecutive quarter of sales growth. With an expanding presence in over 80 countries, Sudarshan Chemical is leveraging
its comprehensive product portfolio to meet the demands of high-growth markets, particularly in specialty segments such as coatings, plastics, inks, and cosmetics.

Commenting on the third quarter earnings, Mr. Rajesh Rathi, Managing Director of Sudarshan Chemical Industries Ltd., said, “Sudarshan Chemical’s strong Q3FY25 results are a result of our consistent focus on delivering value to our stakeholders. We are progressing well on closing the transaction for acquisition and our initial integration process with Heubach is also progressing well. The steady growth in our EBITDA and profitability is a result of our commitment to operational excellence and strategic expansion, and we remain confident about sustaining the overall momentum ahead.”

Qualified Institutional Placement (QIP)

• Company successfully completed a QIP involving 74,76,635 equity shares of face value ₹2 each at a price of ₹1,070/- per equity share (including a premium of ₹1,068/- per Equity Share) in January 2025. Total amount for which securities issued: ₹ 799.99 crore (₹ 79,999.9945 Lakhs)
• Mutual funds and investors who were allotted more than 5% of the equity shares offered in the QIP:
• Tata Mutual Fund – Tata Small Cap Fund
• DSP Small Cap Fund
• DSP Multicap Fund
• Winro Commercial (India Ltd.)
• Chartered Finance & Leasing Limited
• Nippon Life India Trustee Ltd – A/C Nippon India Small Cap Fund
• Abakkus Diversified Alpha Fund-2