Revenue mix improvement pushes margin up for Sumitomo Chemicals: ICICI Securities
Sumitomo's EBITDA margin has steadily improved from 11.5% in FY18 to 17.2% in FY21E.
Sumitomo's EBITDA margin has steadily improved from 11.5% in FY18 to 17.2% in FY21E.
Insecticides has introduced two new products as Tadaaki and Avval in Q3FY21.
The company is investing in expansion of its R&D facility to enhance focus on innovation, which should boost new product funnel.
The company is taking further steps to enable the hydrogen economy.
Indian Chemical News, an online news media covering Pharma, Chemical and Petrochemical sector is organizing an E-conference on “India's Pharma Industry Outlook 2021” on 12th February, 2021 from 3:00 PM – 4:30 PM.
The Department has been working continuously to ensure a stable long-term policy environment and reduce the compliance burden on the Industry.
The offering was made through an underwriting group led by Citigroup, Credit Suisse, BofA Securities and J.P. Morgan, who acted as lead book-running managers.
The company has posted net loss of Rs.(33.14) crores for the period ended December 31, 2019.
The company reported total income of Rs.162.13 crores during the period ended December 31, 2019.
The company posted net profit of Rs.98.01 crores for the period ended December 31, 2019.
The company posted net profit of Rs.25.07 crores for the period ended December 31, 2019.
The unit shall be closed after completion of necessary formalities.
The company posted net loss of Rs. 102.42 crores for the period ended December 31, 2019.
The company posted net profit of Rs.7.61 crores for the period ended December 31, 2019.
The company posted net profit of Rs.10.01 crores for the period ended December 31, 2019.
The company posted net loss of Rs. 55.51 crores for the period ended December 31, 2019.
The company posted net loss of Rs. 0.0291 crores for the period ended December 31, 2019.
The company posted net profit of Rs.62.17 crores for the period ended December 31, 2019.
The company posted net profit of Rs.14.45 crores for the period ended December 31, 2019.
The acquisition of plant/unit is expected to get completed in next 2 months.
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