Sudarshan Chemical Industries Limited, a leading color & effect pigment manufacturer with experience of over 60 yearsis planning to commission Rs. 230 crores plant by March 2020. 

The company started manufacturing pigments in 1952 with a handful of inorganic pigments and has since flourished with a breadth of products that cover classical azo pigments, high performance pigments, effect pigments and pigment dispersions. The company primarily serve the coatings, plastics, inks and cosmetics markets.

The company is planning to invest a capex of around Rs. 200 - 250 crores in FY2020-21 said Rajesh Rathi, Managing Director, Sudarshan Chemical Industries Limited.  

On the quarterly performance on a consolidated basis, the total income from operations at Rs. 424 crores as compared to Rs. 391 crores for the corresponding period for the previous year, up 8.3% on Y-o-Y basis. Operating profit has recorded a significant growth of 58% this quarter with margins at 14.9% as compared to 10% for the corresponding period of the previous year.

Profit After tax (PAT) for the quarter is at Rs. 28 crores as compared to Rs. 18 crores for the same period last year. The topline growth for pigments has been at 12% with revenues at Rs. 391 crores as compared to Rs. 349 crores in the same period last year.