Shares of Sumitomo Chemical India Ltd closed at ₹354.65 on the BSE, a drop of ₹5.90 or 1.64% after the company released its Q2 results.
Net profit fell 12.4% YoY to ₹156 crore, compared with ₹178 crore in the same quarter last year, while revenue slipped 2.5% to ₹891 crore from ₹914 crore.
Earnings before interest, taxes, depreciation and amortisation plunged 15.7% to ₹183 crore, and the EBITDA margin shrank to 20.56% from 24% a year earlier.
Meanwhile, Sumitomo’s Japanese parent announced a joint venture with Samsung Electro‑Mechanics to produce glass‑core substrates for advanced semiconductor packages, slated for incorporation in 2026 pending regulatory approvals.
The company will report its third‑quarter results on December 7, and analysts will be watching whether the semiconductor push offsets the decline in agrochemical margins.