Sudarshan Chemical Industries Ltd — earnings calls

Sudarshan Chemical reported Q1 FY2027 consolidated revenue of Rs.2642 Crores with business EBITDA of Rs.247 Crores and reported EBITDA of Rs.266 Crores, up around 60% year-on-year. The acquired Heubach group posted reported EBITDA of Rs.146 Crores and business EBITDA of Rs.128 Crores, while net debt was reduced to Rs.531 Crores from a peak of Rs.922 Crores. Management maintained its FY2027 guidance of EUR 700 million turnover and EUR 35 million EBITDA for the acquired group without revision, citing the ongoing geopolitical situation.

Sudarshan Chemical reported that the acquired Heubach/Clariant group delivered Business EBITDA of Euro 11 million in Q4, ahead of its projected Euro 9-10 million range, while reducing inventory by Euro 29 million against a planned Euro 20 million. Consolidated net debt fell from INR934 crores in December 2025 to INR755 crores in March 2026, and RIECO's EBITDA turned positive at INR10 crores for FY26 versus a loss of INR17 crores the prior year. Management described the quarter's growth as driven by customers resuming purchases as destocking eased, alongside ongoing integration and value-capture initiatives across the combined pigment business.