Sudarshan Chemical Industries Appoints New Directors, Reports Q1 Results, and Provides Fund Utilization Update
Sudarshan Chemical Industries has appointed three new directors effective October 1, 2025. The company reported Q1 FY26 consolidated revenue of ₹2,506.90 crore and profit of ₹55.00 crore, showing significant growth. It has utilized ₹799.17 crores from its ₹800 crore QIP for various purposes including the acquisition of Heubach Group's global pigment business. The company's pigment segment reported revenue of ₹2,456.60 crore for Q1 FY26.

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Sudarshan Chemical Industries Limited , a leading player in the pigments industry, has announced significant changes to its board composition, reported its financial results for the first quarter, and provided an update on fund utilization.
Board Appointments
The company's Board of Directors has approved the appointment of three new directors, effective October 1, 2025, subject to shareholder approval:
Mr. Apurva Chandra - Appointed as an Independent Director for a five-year term. Mr. Chandra is a retired Indian Administrative Service (IAS) officer with over 36 years of distinguished service in various government roles.
Mr. Rajendra Mariwala - Appointed as an Independent Director for a five-year term. Mr. Mariwala brings over three decades of experience in the fragrance industry and 18 years in leading competitive businesses in the specialty chemicals sector.
Mr. Amitabha Mukhopadhyay - Appointed as a Non-Executive Director. Mr. Mukhopadhyay is a fellow member of the Institute of Chartered Accountants of India (ICAI) and a practicing lawyer with extensive experience in finance, legal, and business divisions of renowned companies.
Q1 Financial Performance
Sudarshan Chemical Industries has reported its unaudited financial results for the quarter ended June 30, 2025:
Standalone Results:
- Revenue from operations: ₹531.20 crore
- Profit for the quarter: ₹73.30 crore
Consolidated Results:
- Revenue from operations: ₹2,506.90 crore
- Profit for the quarter: ₹55.00 crore
Key Financial Highlights (Consolidated):
Particulars (₹ in Crore) | Q1 FY26 | Q4 FY25 | Q1 FY25 |
---|---|---|---|
Revenue from operations | 2,506.90 | 1,349.40 | 633.60 |
Total income | 2,532.70 | 1,369.80 | 637.10 |
Profit before tax | 82.20 | 10.60 | 41.10 |
Profit for the quarter | 55.00 | 0.40 | 29.40 |
The company has shown significant growth in revenue and profitability compared to both the previous quarter and the same quarter last year.
Segment Performance
The company's business is divided into two reporting segments:
- Pigments: This segment reported revenue of ₹2,456.60 crore for Q1 FY26.
- Others: This segment, which includes project engineering and manufacturing business of grinding solutions, clean air solutions, and power handling solutions, reported revenue of ₹50.40 crore.
Fund Utilization Update
Sudarshan Chemical Industries has submitted its quarterly fund utilization statement for the quarter ended June 30, 2025. Key points include:
- The company raised approximately ₹800 crores through a Qualified Institutions Placement (QIP) on January 29, 2025, issuing 74,76,635 equity shares at ₹1,070 per share.
- Out of the total funds, ₹799.17 crores have been utilized, with ₹0.83 crore remaining unutilized for issue expenses.
- The funds were allocated for investment in subsidiary Sudarshan Europe B.V. for acquiring Heubach Group's global pigment business operations, debt repayment, general corporate purposes, and issue expenses.
- Additionally, the company reported complete utilization of ₹99 crores raised through Non-Convertible Debentures in July 2022 for working capital debt repayment, capital expenditure reimbursement, and operating liabilities payment.
- No deviations were reported in fund utilization for either fundraising.
Other Developments
- The company completed the acquisition of the global pigment business operations of the Heubach Group on March 3, 2025, which has impacted the financial results for Q1 FY26.
- Sudarshan Chemical Industries repaid its Non-Convertible Debentures (NCDs) in full on July 18, 2025.
- The company's trading window for dealing in securities will reopen on September 26, 2025.
Sudarshan Chemical Industries continues to strengthen its position in the pigments industry through strategic appointments and acquisitions, while demonstrating strong financial performance in the first quarter and efficient fund utilization.
Historical Stock Returns for Sudarshan Chemical Industries
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-0.19% | -2.74% | -8.15% | +35.68% | +29.13% | +183.24% |