Sudarshan Colorants FY26 Net Profit at ₹44.53 Cr
Sudarshan Colorants India Limited announced its standalone audited financial results for the quarter and year ended March 31, 2026, reporting a net profit of ₹44.53 crores for the full year and ₹13.15 crores for Q4 FY26. The company published the results in Business Standard and Lakshadeep on May 13, 2026, following Board approval on May 11, 2026. The article details financial performance, balance sheet highlights, exceptional items related to Labour Codes, and key Board appointments including an interim CFO.

*this image is generated using AI for illustrative purposes only.
Sudarshan Colorants India Limited announced its standalone audited financial results for the quarter and financial year ended March 31, 2026. The Board of Directors approved the results at a meeting held on May 11, 2026. Pursuant to Regulation 30 read with Schedule III and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited standalone financial results in Business Standard (All Editions) and Lakshadeep (Mumbai) on May 13, 2026.
Financial Performance Overview
For the fourth quarter of FY26, the company reported a net profit of ₹13.15 crores, compared to ₹10.64 crores in the corresponding prior-year quarter. Revenue from operations for Q4 FY26 stood at ₹211.10 crores versus ₹220.28 crores in Q4 FY25. For the full financial year, revenue from operations was ₹780.63 crores compared to ₹825.06 crores in the previous year. Net profit for FY26 was ₹44.53 crores, compared to ₹51.45 crores in FY25. Total Comprehensive Income for FY26 was ₹46.74 crores versus ₹50.90 crores in FY25. Basic and diluted earnings per share (EPS) for the year stood at ₹19.29.
The table below summarises the key financial metrics:
| Metric: | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|
| Revenue from Operations (₹ Cr) | 211.10 | 220.28 | 780.63 | 825.06 |
| Other Income (₹ Cr) | 8.93 | 9.45 | 26.84 | 18.77 |
| Total Income (₹ Cr) | 220.03 | 229.73 | 807.47 | 843.83 |
| Cost of Materials Consumed (₹ Cr) | 95.44 | 84.07 | 354.83 | 376.05 |
| Employee Benefits Expenses (₹ Cr) | 16.96 | 21.89 | 71.10 | 84.78 |
| Total Expenses (₹ Cr) | 212.15 | 208.18 | 744.86 | 766.90 |
| Profit Before Exceptional Items & Tax (₹ Cr) | 7.88 | 21.55 | 62.61 | 76.93 |
| Net Profit Before Tax (after Exceptional Items) (₹ Cr) | 16.19 | 12.73 | 57.62 | 68.11 |
| Exceptional Items (₹ Cr) | 8.31 | (8.82) | (4.99) | (8.82) |
| Net Profit (₹ Cr) | 13.15 | 10.64 | 44.53 | 51.45 |
| Total Comprehensive Income (₹ Cr) | 14.75 | 11.33 | 46.74 | 50.90 |
| Basic & Diluted EPS (₹) | 5.69 | 4.61 | 19.29 | 22.29 |
Operational and Balance Sheet Highlights
Total assets as of March 31, 2026, stood at ₹804.83 crores, up from ₹758.11 crores in the prior year. The equity base strengthened, with other equity rising to ₹547.00 crores from ₹500.26 crores. Cash and cash equivalents decreased to ₹133.36 crores from ₹177.08 crores at the beginning of the year, while bank balances other than cash equivalents increased significantly to ₹102.01 crores from ₹13.53 crores, reflecting investments in fixed deposits. Trade receivables stood at ₹179.39 crores versus ₹153.67 crores, and inventories rose to ₹156.15 crores from ₹131.41 crores.
The following table presents the key balance sheet figures:
| Parameter: | 31-03-2026 (₹ Cr) | 31-03-2025 (₹ Cr) |
|---|---|---|
| Total Assets | 804.83 | 758.11 |
| Non-Current Assets | 216.75 | 207.53 |
| Current Assets | 588.08 | 550.58 |
| Equity Share Capital | 23.08 | 23.08 |
| Other Equity | 547.00 | 500.26 |
| Total Equity | 570.08 | 523.34 |
| Cash & Cash Equivalents | 133.36 | 177.08 |
| Trade Receivables | 179.39 | 153.67 |
| Inventories | 156.15 | 131.41 |
Net cash generated from operating activities for FY26 was ₹34.24 crores, compared to ₹110.59 crores in the prior year. Net cash used in investing activities was ₹73.33 crores, primarily driven by investments in fixed deposits of ₹98.52 crores, partially offset by redemptions of ₹35.34 crores and interest received of ₹17.98 crores. Net cash used in financing activities was ₹4.63 crores.
Exceptional Items
The company reported exceptional items of ₹(4.99) crores for the full year FY26. During the quarter ended December 31, 2025, the company had recognised an incremental impact of ₹12.80 crores (comprising gratuity of ₹10.89 crores and compensated absences of ₹1.91 crores) as an exceptional item related to new Labour Codes notified by the Government of India. Pursuant to actuarial valuation and further assessment during Q4 FY26, the net incremental impact for the year was revised to ₹4.49 crores (comprising gratuity of ₹3.81 crores and compensated absences of ₹0.68 crores), resulting in a net reversal of ₹8.31 crores recognised in Q4 FY26 under exceptional items. Additionally, the company finalised the transfer of assets previously transferred to Clanant India Private Limited back to its books, following an agreement signed on October 29, 2025.
Board Decisions and Appointments
The Board approved several key appointments at its meeting on May 11, 2026. The following table summarises the key decisions:
| Decision: | Details |
|---|---|
| Interim CFO Appointment | Mr. Nilkanth Natu appointed as CFO (Interim), KMP and Senior Management Personnel, effective May 11, 2026 |
| Outgoing CFO | Mr. Jugal Sahu resigned effective March 09, 2026 |
| Internal Auditor (FY26-27) | PricewaterhouseCoopers Services LLP appointed based on Audit Committee recommendation |
| Regulation 30(5) Authorization | Mr. Sambit Roy (MD), Mr. Nilkanth Natu (CFO), and Mr. Adwait Joshi (Company Secretary) authorized for materiality disclosures |
| Additional Independent Director | Mrs. Sudha Navandar appointed effective February 03, 2026; approved by shareholders on April 09, 2026 |
| Director Cessation | Mr. Sunirmal Talukdar ceased as Independent Director on March 31, 2026 upon completion of tenure |
Mr. Nilkanth Natu is a qualified Chartered Accountant and CFA Level III (USA) holder with a Master's Degree in Commerce from Pune University and over 26 years of experience in accounts and finance management. He has been associated with the Sudarshan Group for approximately 6 years and previously worked with Wipro Limited, Thermax Limited, and Automobile Corporation of Goa Limited. PricewaterhouseCoopers Services LLP, appointed as internal auditor for FY26-27, is a leading risk consulting firm in India with around 3,500+ risk and control specialists and offices in 9+ cities across India.
How might the implementation of new Labour Codes and their revised actuarial impact on gratuity obligations affect Sudarshan Colorants' employee cost structure and profitability in FY27?
With operating cash flows declining sharply from ₹110.59 crores to ₹34.24 crores year-over-year, what strategic measures could management take to restore cash generation amid rising trade receivables and inventory levels?
How will the reintegration of assets transferred back from Clanant India Private Limited impact Sudarshan Colorants' revenue mix, operational capacity, and competitive positioning in the colorants market going forward?

































