Net profit of Sudarshan Chemical Industries declined 25.26% to Rs 23.40 crore in the quarter ended June 2017 as against Rs 31.31 crore during the previous quarter ended June 2016. Sales rose 0.59% to Rs 328.89 crore in the quarter ended June 2017 as against Rs 326.95 crore during the previous quarter ended June 2016.

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The result was announced during market hours today, 10 August 2017.

Meanwhile, the S&P BSE Sensex was down 136.71 points, or 0.43% at 31,661.13. The S&P BSE Small-Cap index was down 294.88 points, or 1.89% at 15,339.62.

High volumes were witnessed on the counter. On the BSE, 47,000 shares were traded on the counter so far as against the average daily volumes of 24,564 shares in the past one quarter. The stock had hit a high of Rs 399.80 and a low of Rs 366.60 so far during the day. The stock had hit a record high of Rs 458.85 on 26 July 2017 and a 52-week low of Rs 261.10 on 26 December 2016.

The stock had outperformed the market over the past one month till 9 Aug 2017, advancing 4.4% compared with the Sensex's 1.39% rise. The scrip had, however, underperformed the market over the past one quarter declining 0.73% as against the Sensex's 6.23% rise. The scrip had, however, outperformed the market over the past one year advancing 34.17% as against the Sensex's 13.22% rise.

The small-cap company has equity capital of Rs 13.85 crore. Face value per share is Rs 2.

Sudarshan Chemical Industries is one of the leading manufacturers of color & effect pigments in India. The company's products primarily serve the coatings, plastics, inks and cosmetics markets.

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Sudarshan Chemical Industries will hold a meeting of the Board of Directors of the Company on 10 August 2017, to approve the Unaudited Financial Results of the Company for the quarter ending on 30th June 2017

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Sudarshan Chemical Industries announced that the Board of Directors of the Company at its meeting held on 26 May 2017, inter alia, have recommended the final dividend of Rs 1 per equity Share (i.e. 50%) , subject to the approval of the shareholders.

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