| Metric | Value (₹ Cr) | vs Q2 FY25 |
|---|---|---|
| Revenue | 2.5K | 10.4% |
| Total Income | 2.5K | 10.1% |
| Expenditure | 2.3K | 12.2% |
| PBT | 223.45 | 7.6% |
| Net Profit | 186.97 | 9.5% |
| OPM | 4.79% | 1.11pp |
| NPM | 6.55% | 1.26pp |
| EPS | 14.72 | 9.5% |
Supreme Industries Reports 2.98% YoY Increase in Sales Volume and 2.48% YoY Increase in Total Income for Q3 FY24-25
20 Jan 2025 · 20 Jan 2025, 06:57 pm
Summary
Supreme Industries, a leading Plastics product manufacturing company, announced its unaudited standalone and consolidated financial results for the quarter and nine months period ended 31st December 2024. The company reported a 2.98% YoY increase in sales volume to 474645 MT, and a 2.48% YoY increase in total income to 2510 Crs. The Plastic Pipe Systems business growth continues to be affected by adverse PVC resin prices and demand from infra spend. However, the company expects good demand from Agri and Housing segments for the last quarter. The company has reached an annual capacity of 8,20,000 M.T. in its Piping System Business Vertical and plans to increase this to 9,00,000 M.T. per annum by the end of FY 24-25. Three new greenfield plants for Plastic piping division are planned for the coming financial year.
Key Highlights
- 1
Supreme Industries announced its Q3 results with a 2.98% YoY increase in sales volume
- 2
The company reported a 2.48% YoY increase in total income
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Plastic Pipe Systems business growth continues to be affected by adverse PVC resin prices and demand from infra spend
- 4
The company expects good demand from Agri and Housing segments for the last quarter
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Three new greenfield plants for Plastic piping division are planned for the coming financial year
Management Comments
Mr. M. P. Taparia
Plastic Pipe Systems business growth continues to be adversely affected due to adverse PVC resin prices scenario and demand from infra spend not picking up as envisaged. Considering better demand in the second half of the year in the segments served by the Company, the Company had earlier envisaged 16-18% volume growth for the current year for the Plastic Piping System. The business fared poorly in the third quarter as PVC prices in open market were quite low compared to domestic producer prices and due to extended winter rainfall in South India and some Eastern states. The Company expects good demand from Agri and Housing segments for the last quarter. The entire distribution pipeline has de-stocked seeing the continued fall in prices. As the prices have reached a low level, the Company expects good demand going forward in the current quarter. The Company also expects some improvement in infra sector demand, as this being the last quarter of the financial year. The international PVC prices have stabilized at a low level. The local makers are adjusting their price close to import parity. However, there was a move from local producers to impose Anti-Dumping duty on import of PVC suspension grade resin. The decision from the Finance Ministry is awaited. Thus the PVC resin price trend remains in uncertain arena. Thus, Company is not in a position to give specific volume growth guidance. However, as several brownfield expansion of capacities are in place, the Company with its large portfolio of SKUs in this system is expected to grow 3% to 4% more than the Country growth in plastic Pipe System during this year.
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