Sukhjit Starch & Chemicals Q1 Results Revenue ₹389.83 crore & Total Income ₹390.42 crore

Sukhjit Starch & Chemicals Q1 Results: Sukhjit Starch & Chemicals' Q1 results show strong growth, especially when looking at the year-over-year (YoY) comparisons. Total revenue for the quarter ending in June 2024 was ₹395.13 crores, which is an increase of 22.39% YoY compared to ₹322.85 crores in June 2023. This means the company made significantly more money this year compared to the same time last year.

Sukhjit Starch & Chemicals’ Operating income also increased YoY, reaching ₹25.00 crores, up from ₹19.58 crores, which shows a growth of 27.68%. Net income, which is the money the company made after all expenses, was ₹13.82 crores this quarter, up from ₹10.67 crores in June 2023, showing a YoY rise of 29.52%. This demonstrates how the company is making more profit than last year.

Looking at quarter-on-quarter (QoQ) performance, there was a slight decrease in net income compared to the previous quarter (March 2023), dropping from ₹14.79 crores to ₹13.82 crores, a decline of 5.54%. Additionally, diluted normalized EPS (earnings per share) increased significantly YoY, rising from ₹6.83 to ₹8.85, a 29.58% increase.

Here are the Q1 results for Sukhjit Starch & Chemicals, with a comparison of quarter-on-quarter (QoQ) and year-on-year (YoY) performance:

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Sukhjit Starch & Chemicals Q1 Results

Sukhjit Starch & Chemicals’ financial data provided shows the performance over different periods. The company earned Rs. 389.83 crore from its main operations, an increase compared to previous periods. In addition, Rs. 0.59 crore was made from other sources of income. Combining both, the total income reached Rs. 390.42 crore.

Sukhjit Starch & Chemicals had to spend a large part of this income on various expenses. For instance, the cost of materials consumed was Rs. 264.28 crore, a key part of their total costs. Other expenses included employee benefits, which came to Rs. 15.41 crore, and finance costs of Rs. 7.13 crore, representing interest on loans. The company also recorded a depreciation expense of Rs. 6.70 crore, reflecting the cost of wear and tear on its assets. Overall, total expenses reached Rs. 372.21 crore.

Sukhjit Starch & Chemicals After deducting all these expenses, they made a profit of Rs. 18.21 crore before taxes. They paid Rs. 3.60 crore in current taxes and also accounted for deferred and past tax adjustments. After all tax considerations, their final profit was Rs. 13.61 crore. The company’s earnings per share (EPS) were Rs. 8.71, showing a strong financial performance compared to previous periods. This suggests that Sukhjit Starch & Chemicals has had a successful financial period.

Here is a simplified table format based on the financial results data you provided:

Sukhjit Starch & Chemicals Stock Metrics

Sukhjit Starch & Chemicals is a company that focuses on producing starch and other related products. The table shows important financial information about the company. It has a market capitalization of ₹ 864 crore, meaning this is the total value of all its shares. The current stock price is ₹ 553, and it has fluctuated between a high of ₹ 629 and a low of ₹ 390 recently. The price-to-earnings ratio (P/E) is 16.3, indicating how much investors are willing to pay for each rupee of earnings. 

Here is the information in table format:

Quarterly Results 

The financial data for Sukhjit Starch & Chemicals in December 2023, March 2024, and June 2024 shows some important trends. In December 2023, the company reported sales of Rs. 361 crores, with expenses of Rs. 324 crores, resulting in an operating profit of Rs. 37 crores and a profit before tax of Rs. 21 crores. By March 2024, sales increased slightly to Rs. 370 crores, but profits dipped, showing an operating profit of Rs. 33 crores and a net profit of Rs. 12 crores. In June 2024, sales rose to Rs. 395 crores, while net profit improved to Rs. 14 crores, indicating better revenue management and cost control. 

Here’s the data for the specific quarters of December 2023, March 2024, and June 2024:

(in Rs. Crores)

About Sukhjit Starch & Chemicals 

Sukhjit Starch & Chemicals is a well-established company in India, founded in 1943 by two entrepreneurs who saw the potential in maize. The company started with a small corn wet milling plant in Phagwara, Punjab, which is known for its agricultural production. Over the years, Sukhjit has grown significantly, increasing its production capacity from 1,800 tons per year to around 600,000 tons per year, with four manufacturing locations across India.

Sukhjit specializes in producing various products like native starch, modified starches, liquid glucose, and dextrines, serving many industries. The company prides itself on using advanced technology and local resources to create high-quality products. With over 75 years of experience, Sukhjit is recognized for its reliability and innovation. It has received strong credit ratings, showing that it is financially stable and trustworthy in the market. Overall, Sukhjit is a leader in its field, dedicated to quality and customer satisfaction.