Sumitomo Chemical India Limited announced its unaudited financial results for the quarter ended June 30, 2026, following approval by the Board of Directors at a meeting held on July 27, 2026. The meeting commenced at 11:10 AM and concluded at 1:10 PM. The results were reviewed by the Audit Committee earlier the same day.
Standalone Financial Performance (₹ in Million)
Revenue & Income:
- Revenue from operations: ₹10,540.75 (Q2 2026) vs ₹10,480.69 (Q2 2025)
- Other income: ₹470.63 (Q2 2026) vs ₹386.19 (Q2 2025)
- Total income: ₹11,011.38 (Q2 2026) vs ₹10,866.88 (Q2 2025)
Expenses Breakdown:
- Cost of materials consumed: ₹5,493.47
- Purchases of stock-in-trade: ₹1,330.66
- Changes in inventories: (₹394.88) credit
- Employee benefits expense: ₹688.70
- Finance costs: ₹16.43
- Depreciation and amortization: ₹162.30
- Other expenses: ₹1,071.05
- Total expenses: ₹8,367.73
Profitability:
- Profit before exceptional items and tax: ₹2,643.65 (Q2 2026) vs ₹2,418.90 (Q2 2025)
- Exceptional Items: Credit of ₹268.96 million (insurance claim for business interruption from Bhavnagar plant fire incident in FY2022-2023)
- Profit before tax (after exceptional items): ₹2,912.61
Taxation:
- Current tax: ₹742.92
- Deferred tax charge: ₹4.40
- Total tax expenses: ₹747.32
Net Profit & Comprehensive Income:
- Profit for the period: ₹2,165.29 (Q2 2026) vs ₹1,798.06 (Q2 2025)
- Other comprehensive income, net of tax: (₹8.67)
- Total comprehensive income: ₹2,156.62
Per Share Data:
- Basic and diluted EPS: ₹4.34 (not annualized)
- Paid-up equity share capital: ₹4,991.46 million (face value ₹10 per share)
Consolidated Financial Performance (₹ in Million)
Revenue & Income:
- Revenue from operations: ₹10,635.93
- Other income: ₹470.37
- Total income: ₹11,106.30
Profitability:
- Profit before exceptional items and tax: ₹2,613.45
- Exceptional Items: Credit of ₹268.96 million (same insurance claim)
- Profit before tax: ₹2,882.41
Taxation:
- Current tax: ₹742.92
- Deferred tax credit: (₹5.65)
- Total tax expenses: ₹737.27
Net Profit & Comprehensive Income:
- Profit for the period: ₹2,145.14
- Other comprehensive income, net of tax: (₹9.86)
- Total comprehensive income: ₹2,135.28
- Profit attributable to owners: ₹2,148.30
- Non-controlling interest: (₹3.16)
Per Share Data:
- Basic and diluted EPS: ₹4.30 (not annualized)
Key Notes and Disclosures
1. Business Seasonality: The company's business is seasonal and depends on monsoon and other climatic conditions.
2. Regulatory Matter: In October 2022, the Central Government issued a notification mandating that Glyphosate (an important product for the company) will be used only through Pest Control Operators. Industry petitions challenging this notification are being heard before the Delhi High Court. Government counsel stated the notification will not be implemented until disposal of petitions.
3. Segment Reporting: The company has only one reportable segment - agro-chemicals.
4. Exceptional Items:
- Q2 2026: Insurance claim of ₹268.96 million for business interruption due to Bhavnagar plant fire in FY2022-2023
- Previous year: Incremental impact of ₹151.86 million (standalone) and ₹161.11 million (consolidated) from new labor codes
5. Financial Results Basis: Figures prepared in accordance with Indian Accounting Standards (Ind AS). Figures for three months ended March 31, 2026 are balancing figures between audited full-year figures and published year-to-date figures up to Q3 December 2025.
6. Consolidation Scope: Includes Sumitomo Chemical India Limited (Parent), Barrix Agro Sciences Private Limited (Subsidiary), and Excel Crop Care (Africa) Limited (Subsidiary, under liquidation).
Auditor Review
B S R & Co. LLP conducted a limited review of both standalone and consolidated financial results. Their report states that nothing has come to their attention that causes them to believe the statements contain any material misstatement. The review was conducted in accordance with Standard on Review Engagements (SRE) 2410.
For the consolidated results, the auditor noted that interim financial information of two subsidiaries (with total revenues of ₹220.37 million and total net loss of ₹19.09 million) were not reviewed but were not material to the Group.