Supreme Industries Corporate Filings & Announcements

Plastic Products company Supreme Industries announced Q2FY24 results: Consolidated Q2FY24: Total consolidated income in Q2FY24: Rs 2,321.38 crore, in H1FY24: Rs 4,704.16 crore Operating profit in Q2FY24: Rs 380.26 crore, in H1FY24: Rs 723.17 crore Operating profit (% of Total Income) in Q2FY24: 16.38%, in H1FY24: 15.37% Profit Before Tax (PBT) in Q2FY24: Rs 319.48 crore, in H1FY24: Rs 602.85 crore PBT (% of Total Income) in Q2FY24: 13.76%, in H1FY24: 12.82% Profit After Tax (Before OCI) in Q2FY24: Rs 243.19 crore, in H1FY24: Rs 458.73 crore PAT (% of Total Income) in Q2FY24: 10.48%, in H1FY24: 9.75% Earnings Per Share (in Rs) in Q2FY24: Rs 19.14, in H1FY24: Rs 36.11 Cash Earnings Per Share (in Rs) in Q2FY24: Rs 24.81, in H1FY24: Rs 47.46 Standalone Q2FY24: Plastic goods sold (MT) in Q2FY24: 137.76, in H1FY24: 286.31 Total Income in Q2FY24: Rs 2,361.88 crore, in H1FY24: Rs 4,744.62 crore Operating Profit in Q2FY24: Rs 356.52 crore, in H1FY24: Rs 678.25 crore Operating Profit (% of Total Income) in Q2FY24: 15.09%, in H1FY24: 14.30% Profit Before Tax (PBT) in Q2FY24: Rs 336.26 crore, in H1FY24: Rs 598.45 crore PBT (% of Total Income) in Q2FY24: 14.24%, in H1FY24: 12.61% Profit After Tax (Before OCI) in Q2FY24: Rs 259.97 crore, in H1FY24: Rs 454.33 crore PAT (% of Total Income) in Q2FY24: 11.01%, in H1FY24: 9.58% Earnings Per Share (in Rs) in Q2FY24: Rs 20.46, in H1FY24: Rs 35.77 Cash Earnings Per Share (in Rs) in Q2FY24: Rs 26.13, in H1FY24: Rs 47.11 The Board of Directors has declared an interim dividend at 400 % i.e. Rs 8 per share of Rs 2 each (FV), for the financial year 2023-24. The Dividend will be paid to those shareholders whose names stand on the Register of Members as on the Record date i.e. 7th November, 2023. The overall turnover of value-added products increased to Rs 942 crore during the 2nd quarter of the current year as compared to Rs 798 crore in the corresponding quarter of the previous year achieving growth of 18 %. The Company has a total Cash Surplus of Rs 583 crore as of September 30, 2023, as against a Cash Surplus of Rs 738 crore as of 31st March 2023. M. P. Taparia, Managing Director, The Supreme Industries, said, "Polymer prices remained range bound during the quarter but witnessed a sharp downward trend during 1st fortnight of October affecting business sentiments. Now the prices have started stabilizing and business activities have started picking up. The Company has acquired the pipe manufacturing unit of M/s Parvati Agro Plast situated at Sangli (Maharashtra) on a going concern basis w.e.f. 17th October 2023 at an aggregate consideration of Rs 151.38 crore. This unit has a total installed capacity of 36,000 MT per annum comprising 15,000 MT of PVC Pipes, 18,000 MT of HDPE Pipes, and 3,000 MT of O-PVC Pipes and is spread over 13.48 acres of land. O-PVC pipe has good market potential and the company is working to expand O-PVC capacities to 15,000 MT per annum at Sangli. The Company has also signed an agreement to purchase adjoining land measuring 7.76 Acre from the family which would enable the company to expand its operations at the same site." Result PDF

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Supreme Industries Corporate Filings & Announcements

Latest corporate announcements and filings from Supreme Industries on BSE