Sudarshan Chemical Industries
Sudarshan Chemical reported a tough Q3 FY26, with the acquired Heubach/Clariant business posting a €38 million EBITDA loss, driven by customer destocking and weak demand in Europe and North America.
Sudarshan Chemical Industries vs PPAP Automotive Q3 FY26
Side-by-side earnings comparison across verified financials, sentiment, risks, and management commentary.
PPAP Automotive
PPAP Automotive's Q3 FY26 consolidated revenue was ₹138 crore, flat YoY, impacted by model-specific demand softness at key OEMs (Maruti, Tata, Honda).
Result Snapshot
Revenue₹2,103 Cr₹139 Cr
PAT₹-116 Cr₹0 Cr
EBITDA Margin—9%
Sentimentbearishneutral
Key Quotes
We expect a 9 to 10 million of a business EBITDA right however we are in a mode now to start reducing our inventories... and that would have an impact on our EBITDA going forward but it will have a very positive impact on cash flow.
We are not emotionally attached to any business. Business is business end of the day. We have to give it due time to get matured and the moment it starts and then we have to take a feedback on do we continue with it or do we not continue with it.