Sudarshan Colorants India LimitedQ1 FY27 Results & Financial Update
Sudarshan Colorants India Limited: Q1 FY27 standalone results and company financials – revenue ₹222.39 Cr, PAT ₹20.36 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Sudarshan Colorants India Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Sudarshan Colorants India Limited reported operational revenue of INR 222.39 crore for the quarter ended June 30, 2026, accompanied by other income of INR 7.33 crore to total income of INR 229.72 crore.
Profit before tax stood at INR 27.24 crore for the quarter, reflecting a significant expansion compared to the preceding quarter ended March 31, 2026, which had absorbed exceptional labour code provisions.
Net profit for the period reached INR 20.36 crore after accounting for total tax expenses of INR 6.88 crore, translating to a basic and diluted earnings per share of INR 8.82.
Total expenses for the quarter were contained at INR 202.48 crore, comprising material consumption of INR 134.90 crore, stock-in-trade purchases of INR 22.77 crore, inventory changes of negative INR 23.19 crore, employee benefits of INR 15.67 crore, finance costs of INR 0.63 crore, depreciation of INR 5.05 crore, and other operational expenses of INR 46.65 crore.
The absence of exceptional items during the current quarter contrasted with the previous quarter ended March 31, 2026, which had recorded an exceptional net reversal of INR 8.31 crore under labour code reassessments.
Other comprehensive income for the period added INR 0.55 crore net of tax, bringing total comprehensive income to INR 20.91 crore.
Statutory auditors M S K A & Associates LLP issued an unmodified review report on the unaudited standalone financial results.
01 · Business model
What does Sudarshan Colorants India do?
Sudarshan Colorants India Limited (formerly known as Heubach Colorants India Limited) operates as a specialty chemical manufacturer specializing in pigments and colorants.
The Chief Operating Decision Maker reviews the company's operations as a single primary business segment under Pigments, operating under standalone reporting scope.
The company generates revenue through domestic and export sales of its manufactured colour products and traded goods, backed by manufacturing and supply infrastructure in India.
Registered in Navi Mumbai, Maharashtra, the entity functions with a dedicated leadership team overseeing manufacturing, compliance, and corporate legal frameworks.
02 · Historical context
What shaped the business before this quarter
Previously operated under the name Heubach Colorants India Limited before transitioning to Sudarshan Colorants India Limited.
Commenced the process of surrendering the Provident Fund Trust during the year ended March 31, 2024, transferring securities and liquidation proceeds to the Regional Provident Fund Commissioner-II, Nariman Point, with third-party audits completed and no material observations noted.
Recognised exceptional impacts and subsequent net reversals during FY26 following the Government of India's notification of four new Labour Codes on November 21, 2025.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹222.39 Cr |
| Total income | ₹229.72 Cr |
| Profit before tax | ₹27.24 Cr |
| Profit after tax | ₹20.36 Cr |
| EPS | ₹8.82 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 9.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 12.2% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹7.33 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Generated INR 222.39 crore in revenue from operations for Q1 FY27, driven by core pigment manufacturing and sales.
Contributed INR 7.33 crore in other income during the quarter, bolstering overall top-line total income to INR 229.72 crore.
What drove margins
Cost of materials consumed stood at INR 134.90 crore alongside stock-in-trade purchases of INR 22.77 crore and a negative inventory change of INR 23.19 crore.
Employee benefit expenses were recorded at INR 15.67 crore, depreciation and amortisation at INR 5.05 crore, finance costs at INR 0.63 crore, and other expenses at INR 46.65 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates under a single primary business segment designated as Pigments under Ind AS 108, with no reportable secondary segments.
06 · Reported developments
What changed operationally
Statutory auditors M S K A & Associates LLP issued an unmodified limited review conclusion on the financial results for the quarter ended June 30, 2026.
07 · Items worth noticing
The line items that can distort a quick read
Unlike the previous quarter ended March 31, 2026, which included an exceptional net reversal of INR 8.31 crore related to labour code actuarial valuations, Q1 FY27 recorded no exceptional items.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Senior Management Appointment
The Board of Directors approved the appointment of Mr. Vijayant as India Legal Head and Senior Management Personnel effective August 05, 2026, bringing over 18 years of corporate legal experience across manufacturing, IT, and service sectors.
Reported update
Interim CFO Appointment
Mr. Nilkanth Natu was appointed as Chief Financial Officer (Interim) effective May 11, 2026, following recommendation by the Nomination and Remuneration Committee and Audit Committee.
09 · Previous-quarter changes
What changed since the previous quarter
Profit before tax increased from INR 7.88 crore in Q4 FY26 to INR 27.24 crore in Q1 FY27, aided by the absence of prior quarter exceptional expenses and stable operating performance.
10 · Key Q&A
The quarter, answered directly
What does Sudarshan Colorants India do?
Sudarshan Colorants India Limited (formerly known as Heubach Colorants India Limited) operates as a specialty chemical manufacturer specializing in pigments and colorants.
What is the clearest takeaway from Q1 FY27?
Sudarshan Colorants India Limited reported operational revenue of INR 222.39 crore for the quarter ended June 30, 2026, accompanied by other income of INR 7.33 crore to total income of INR 229.72 crore.
What drove revenue or demand?
Generated INR 222.39 crore in revenue from operations for Q1 FY27, driven by core pigment manufacturing and sales.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 134.90 crore alongside stock-in-trade purchases of INR 22.77 crore and a negative inventory change of INR 23.19 crore.
What changed operationally beyond the headline numbers?
The Board of Directors approved the appointment of Mr. Vijayant as India Legal Head and Senior Management Personnel effective August 05, 2026, bringing over 18 years of corporate legal experience across manufacturing, IT, and service sectors.
What should the next disclosure help confirm?
Final formal closure of the Clariant Chemicals India Limited Employees Provident Fund Trust after receiving final confirmation from the RPFC.
11 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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12 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Provident Fund Closure: Final formal closure of the Clariant Chemicals India Limited Employees Provident Fund Trust after receiving final confirmation from the RPFC.
- 02
Regulatory and Compliance Execution: Continued execution of legal and financial frameworks under newly appointed senior management and interim CFO.
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