loader2
Login Open ICICI 3-in-1 Account
Open ICICI 3-in-1 Account

Supreme Industries Results: Latest Quarterly Results & Analysis

Open Free Trading Account Online with ICICIDIRECT
+91
Supreme Industries Ltd. 27 Oct 2025 13:53 PM
Result PDF

Q2FY26 Quarterly Result Announced for Supreme Industries Ltd.

Plastic Products company Supreme Industries announced Q2FY26 results

  • Total Consolidated Income: Rs 2,409.41 crore compared to Rs 2,288.00 crore during Q2FY25, change 5.31%.
  • PBT: Rs 217.63 crore compared to Rs 269.53 crore during Q2FY25, change -19.26%.
  • PAT: Rs 164.74 crore compared to Rs 206.60 crore during Q2FY25, change -20.26%.
  • EPS: Rs 12.97 for Q2FY26.

M. P. Taparia, Managing Director, The Supreme Industries, said: "World economy is going through a low growth phase. This has resulted in pressure on crude oil prices. Several new petrochemicals plants have gone into production and further additional plants are under construction. Combined effects of these economic developments have put all Polymer price range in downward trend.

The company believes this downward trend may subside going forward unless crude oil prices go down drastically.

The Company is operating in various segments of the business. The Company has grown 8% in overall volume in first six months of this year. The Company expects to grow 12% to 14% in volume in this year.

Plastics Piping business growth in Agriculture application was adversely affected due to early arrival of monsoon. The rains remain active for extended period which has resulted in severe degrowth in Plastics Piping application in Agriculture. Central and State Governments have also provided less money in infrastructure segments related to demand in Plastics Pipe System.

This has resulted in lower growth in Plastic Pipe System in first half, Company has grown in First half of this year in Plastics Pipe System by 11% in volume. The Company expects the demand from Agriculture segment will rebound in second half of this year. The Company thus maintains its volume growth target between 15% to 17% in Plastics Pipe Segment for the current year.

Pursuant to The Business Transfer Agreement (“BTA”) entered into with Wavin Industries Limited and its two wholly owned subsidiary companies viz: Wavin India Pipes and Fittings Manufacturing Private Limited & Wavin India Holding Pvt. Ltd. (collectively referred as “Wavin”), the Company has acquired its Plastic Pipe Business including three manufacturing Units situated at Banmore (Madhya pradesh), Thimapur (Telangana) and Neemrana (Rajasthan) having installed capacities of about 71,000 MT per annum as a going concern on slump sale basis, effective 1st August,2025.

The Company has also entered into Master Technology License Agreement with Wavin B.V. Netherlands, an Orbia group Company, to access on exclusive basis for India and other SAARC Countries, all its existing technologies and other new technologies to be developed during the period of seven years, pertaining to Plastic Piping systems for Building and Infrastructure segment effective from 1st August 2025.

Going forward this acquisition and Licensing arrangement would pave the way for the business of the Plastic Piping division to grow in terms of capacities, market reach and systems to handle WATER in an effective manner.

Capacity expansions at various locations for Plastic Piping business and Protective packaging products are progressing smoothly. Company’s plan to set up a new unit for material handling products at its newly acquired land at Malanpur (M.P.) to expand its footprint in central India shall be taken up in hand in next financial year along with other green field units at Bihar and Jammu for Plastic Piping division and in Western Maharashtra for Protective Packaging division for which requisite land is in possession of the Company.

Newly installed production equipment for PP silent pipe system in technical collaboration with M/s. Poloplast Gmbh of Austria have commenced production. Product with the brand “Serene” and Serene Plus” will be launched all over the Country in this month.

The Company is expanding its capacity and range of Electrofusion (EF) Fittings and exploring export market. The Company continues to invest and enlarge the product basket in all its divisions and to remain focused on increasing the range of value-added products.

Construction work at site for Profile window project is nearing completion. Initial production line equipment has been installed and production trials have commenced. The Company expects to launch commercial production in the market during December 2025. Initial focus of the Company is to launch the customised Window in U.P., NCR & Haryana Region. The company would plan thereafter for more geographical reach within India with setting up of fabrication facilities in other parts of the country.

During the first half year of the current year, Company has made capex outflow of Rs 869 crore. including acquisition of Wavin Business. The company expects total cash outflow of about Rs 1300 crore. towards existing & new capital commitments including acquisition of Wavin Business. Entire Capex shall be funded from internal accruals.

All other product divisions are faring well and envisage moderate growth during the year. The protective packaging product division is specifically driving its growth plan by increasing its product range and offerings for customized solutions. The same is yielding positive results and paving the way for achieving double digit volume growth and revenue milestone of Rs 1000 crores for the year.

The Company has started execution of its awarded contract for supply of 2 lakhs nos. of 10 Kg. composite LPG cylinders to Bharat Petroleum Corporation limited (BPCL) and 2.31 lakh nos. of composite LPG cylinders from Indian Oil Corporation Limited (IOCL). The Company has also expanded its export market reach and witnessed fruitful results in terms of better capacity utilization. The division has also executed its first order of CNG Cascade Cylinders and expecting repeat orders."

Result PDF

Result PDF

Plastic Products company Supreme Industries announced Q1FY26 results

  • Total Consolidated Income: Rs 2,626.13 crore compared to Rs 2,657.79 crore during Q1FY25, change -1.19%.
  • PBT: Rs 265.18 crore compared to Rs 356.94 crore during Q1FY25, change -25.79%.
  • PBT Margin: 10.10% for Q1FY26.
  • PAT: Rs 202.30  crore compared to Rs 273.37  crore during Q1FY25, change -26.00%.
  • PAT Margin: 7.70% for Q1FY26.

M. P. Taparia, Managing Director, The Supreme Industries, said: Polymer prices remain in affordable range at lower level. PVC prices remain in downward range. This augurs well for growth in the business going forward this year and beyond. In the first quarter plastic piping business was affected due to twenty days early break of monsoon. This has resulted in loss of Agriculture piping system business. Due to fall in PVC prices, there was inventory loss affecting profitability in the quarter.

Country is witnessing good rainfall in most of the parts which augurs well for the economy. Going forward the Company expects good demand for housing and Agriculture. The inflation is coming down. With Government commitment to boost infrastructure spend, Company believes demand for that sector should also get revived. The company remains positive of envisaged volume growth with increase in value added products turnover both for the Plastic piping Division and for the company during current fiscal year.

The Company has entered into Business Transfer Agreements (“BTA”) with Wavin Industries Limited and its two wholly owned subsidiary companies viz: Wavin India Pipes and Fittings Manufacturing Private Limited & Wavin India Holdings Pvt. Ltd. (collectively referred to as “Wavin”). The acquisition as a going concern on a slump sale basis, is likely to be completed by 31st July 2025, subject to fulfilment of terms and conditions precedent provided for in respective BTAs as mutually agreed between the parties. The aggregate consideration for the entire transaction including for net working capital (NWC), is about Rs 310 crore. NWC is subject to final adjustment as on closing date.

The Company is also entering into Master Technology License Agreement with Wavin B.V. Netherlands, an Orbia group Company, to access on exclusive basis for India and other SAARC Countries, all its existing technologies and other new technologies to be developed during the period of seven years, pertaining to Plastic Piping systems for Building and Infrastructure segment. The same shall be effective from 1st August 2025.

Going forward this acquisition and Licensing arrangement would take the business of the Plastic Piping division to a new scale in terms of capacities, market reach and product offerings. Capacity expansions at various locations for Plastic Piping business and Protective packaging products are progressing smoothly. Company has planned to set up a new unit for material handling products at its newly acquired land at Malanpur (M.P.) to expand its footprint in central India. Work for the same shall be taken up in hand shortly. All the equipment for PP silent pipe system in technical collaboration with M/s. Poloplast Gmbh of Austria have been installed and trial production is underway. Commercial production is likely to commence next month.

The Company has successfully executed its first order for PE pipe for Gas application. Company also has the Prestigious DVGW Certification for the Electrofusion (EF) Fittings from Germany for the use in Water and Gas. This gives the company credential to get qualified to participate in tenders for GAS Pipe and EF Fittings supply. With these products & certifications, Supreme is the only company eligible to produce and supply both Pipes and Fittings for Gas. The Company continues to invest and enlarge the product basket in all its divisions and to remain focused on increasing the range of value-added products.

Construction work at site for Profile window project is at an advanced stage of completion. Equipments have started to arrive at the site. The Company expects to commence trial production during second quarter of the current year. Initial focus of the Company is to launch the products in U.P. and NCR region and thereafter the company would plan for more geographical reach within India with setting up of fabrication facilities in other parts of the country.

The company expects cash outflow of about Rs 1350 crore. towards existing capital commitments, acquisition of Wavin Business and new commitments during the year. Entire Capex shall be funded from internal accruals.

All other product divisions are faring well and envisage moderate growth during the year. The protective packaging product division is specifically driving its growth plan by increasing its product range and offerings for customized solutions. The same is yielding positive results and paving the way for achieving double digit volume growth and revenue target to exceed 1000 crore for the year from Rs 855 crore in the previous year.

The Company has received a letter of acceptance (LOA) for supply of 2 lakhs nos. of 10 Kg. composite LPG cylinders to Bharat Petroleum Corporation limited (BPCL) and has also received a repeat order of 2.31 lakh nos. of composite LPG cylinders from Indian Oil Corporation Limited (IOCL) which will enable the Company to improve utilization of expanded capacity of its composite cylinder division to a reasonable level

Result PDF

Plastic Products company Supreme Industries announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Consolidated Income: Rs 3,039.52 crore compared to Rs 3,025.98 crore during Q4FY24, change 0.45%.
  • Operating profit: Rs 449.03 crore compared to Rs 531.36 crore during Q4FY24, change -15.5%.
  • PBT: Rs 367.15 crore compared to Rs 464.56 crore during Q4FY24, change -20.97%.
  • PBT margin: 12.08% for Q4FY25.
  • PAT: Rs 293.94 crore compared to Rs 354.82 crore during Q4FY24, change -17.16%.
  • PBT margin: 9.67% for Q4FY25.
  • EPS: Rs 23.14 for Q4FY25.

FY25 Financial Highlights:

  • Total Consolidated Income: Rs 10,504.09 crore compared to Rs 10,199.95 crore during FY24, change 2.98%.
  • Operating profit: Rs 1,551.69 crore compared to Rs 1,654.19 crore during FY24, change -6.20%.
  • PBT: Rs 1239.03 crore compared to Rs 1,405.38 crore during FY24, change -11.84%.
  • PBT margin: 11.80% for FY25.
  • PAT: Rs 960.88 crore compared to Rs 1,069.72 crore during FY24, change -10.17%.
  • PBT margin: 9.15% for FY25.
  • EPS: Rs 75.64 for FY25.

M. P. Taparia, Managing Director, The Supreme Industries, said: The year concluded had normal business in all it’s segments for the Company except Plastic Pipe System business principally due to much lower spending by Central and State Governments on infrastructure compared to the year 2023-24, unseasonal rainfall in several parts of the country and extreme volatile situation of PVC Resin prices, principal raw material used by the Company. The prices of this raw material changed 14 times since July’24 and severely impacted the Plastics piping industry. Our Country’s economy is well poised to have high growth in the current year in spite of uncertain Global situation.

We are more domestic economy-oriented Company. IMD forecast for this year is to have above normal rainfall. This will boost crop production and contain inflation. The reports coming about Rabi Crop harvesting is quite encouraging.

Result PDF

Plastic Products company Supreme Industries announced Q3FY25 results

Standalone Financial Highlights:

  • Total Income: Rs 2533.25 crore compared to Rs 2481.37 crore during Q3FY24, change 2.09%.
  • PBT: Rs 238.08 crore compared to Rs 329.16 crore during Q3FY24, change -27.67%.
  • PBT margin: 9.40% for Q3FY25.
  • PAT: Rs 179.64 crore compared to Rs 247.36 crore during Q3FY24, change -27.38%.
  • PAT margin: 7.09% for Q3FY25.
  • Earning Per Share: Rs 14.14 for Q3FY25.

Consolidated Financial Highlights:

  • Total Income: Rs 2518.78 crore compared to Rs 2469.81 crore during Q3FY24, change 1.98%.
  • PBT: Rs 245.41 crore compared to Rs 337.97 crore during Q3FY24, change -27.39%.
  • PBT margin: 9.74% for Q3FY25.
  • PAT: Rs 186.97 crore compared to Rs 256.17 crore during Q3FY24, change -27.01%.
  • PAT margin: 7.42% for Q3FY25.
  • Earning Per Share: Rs 14.72 for Q3FY25.

M. P. Taparia, Managing Director, The Supreme Industries, said: 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.

All brownfield expansions at various locations of Plastic Piping Systems are progressing smoothly. The Company is well positioned to cater to increased demand of its product with increased available capacity. The company has reached to annual capacity of 8,20,000 M.T. as on 31st December 2024 and with completion of all the expansion plans undertaken in hand, total installed capacities of the Piping System Business Vertical shall reach 9,00,000 M.T. per annum by the end of FY25.

Three new greenfield plants for Plastic piping division at Jammu, Bihar and Madhya Pradesh shall be taken up for execution in the coming financial year. Land at all the three places is in Company’s possession and detailed plans for products and capacities are being worked out.

Equipment have arrived for PP silent pipe system which shall be launched in technical collaboration with M/s. Poloplast Gmbh of Austria during 1st quarter of FY26. The newly introduced PERT Piping System and PE single wall corrugated pipes are witnessing encouraging response. Plans to increase SKUs in Bath fittings and sanitaryware segment are progressing well and till now the division has reached to 629 SKUs, from 421 SKUs at the beginning of the year. The company is servicing 40 different application based systems and continue to explore more value added systems.

The Company continues to remain focused to invest and enlarge the product basket in its piping business and to increase the range of value-added products. The company now has a SKU basket of 14234 numbers in Piping System Business Vertical.

The Company has placed orders for all necessary equipment and the work on civil construction has started at its new site at Kanpur Dehat in U.P. for making Windows. In the first phase, Company has planned to put entire window making facilities at Kanpur and cater to customers in Uttar Pradesh, Uttarakhand and NCR. The Company expects to launch and supply Windows in the H1FY26.

The business of Cross Laminated Film is showing improved performance with better capacity utilization. The division has also participated in institutional business and bagged good orders which are under execution. Resultantly the division expects about 20% volume growth in this business segment for the year with improved profitability. Trials have been successfully carried out for the newly developed Cross Plastic Film and samples thereof have been sent to laboratory for testing & certification as well as to potential customers for their evaluation.

The Company continues to expand its range and has introduced various new models of chair & cabinet in its furniture segment. 12 new models have been introduced in the first nine months of FY25. The division continues to add showrooms to improve awareness of its range of premium products. Total No. of showrooms has reached 337 by end of December’24 from 308 as on 31st March’24. Focus on strengthening distribution channel and adding more retail outlets is continued.

In the Industrial Component division, business conditions remain moderate. However, Company expects demand scenario to further improve in sectors of home appliances & white goods which constitutes larger part of this business. It is also working to expand its customer base and develop the business in new sectors. With the revival in the business scenario of various appliances customers, the division expects better prospects going forward.

The Material Handling Division remains focused on introducing new products and also investing in new machines and moulds. Injection moulded pallets are seeing good growth and division continues to add new products in its range of pallets and dustbins. Presently the entire range of pallets are being manufactured at one location in Maharashtra. Going forward, the division plans to increase Pallet’s manufacturing locations and likely to commence from March 25. Equipment for Bubble Guard Board shall arrive by end of first quarter of FY26 and likely to be in production during July-September quarter. The division continues to strive to enlarge its customer base and product portfolio paving the way for moderate growth.

Composite LPG cylinder division continues to cater to existing overseas customers and also participates in various export enquiries. Supplies against new LOI received for 10 Kg. cylinders from Indian Oil corporation Limited (IOCL) are taking place regularly and shall be completed by February 2025. The division expects to receive orders for further quantities in continuation of existing LOI. Work on standard design of 14.2 kg. Cylinder for all Oil Marketing Companies (IOCL, BPCL & HPCL) is under progress and expected to generate good business during FY26 and thereafter. Commercialization of newly developed CNG Cylinders is likely to happen during January-March quarter of this year.

The Protective Packaging Division has enhanced its capacity utilization and its focus on developing customized solutions is working well. The division is continuously increasing its fabrication capacities in various geographies to cater to increased demand. Expansion activities undertaken are progressing well and shall be fully in place by end of FY25. Negotiations for a suitable location for a new greenfield site near the port in the western region, to cater to export opportunities and domestic demand, has been initiated and likely to be concluded by first quarter of FY26.

The Performance Packaging Division continues to utilize its capacities optimally and work on improved product mix and post extrusion value added products with minimal investment. Export opportunities remain the focus area for better value addition.

Looking at the business outlook and opportunities, the Company has planned and committed the highest capex (including carry forward commitments) of around Rs 1500 crore. Total cash outflow towards capex has been Rs 718 crore during first nine months and is likely to reach around Rs 1000 crore for the year. Entire Capex outflow shall be funded from internal accruals.

Result PDF

Plastic Products company Supreme Industries announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highilights:

  • Plastic Goods Sold: Q2FY25: 138,077 MT; Q2FY24: 137,763 MT, change 0.23%.
  • Total Income: Q2FY25: 2328.51; Q2FY24: 2361.88, change -1.41%.
  • Operating Profit: Q2FY25: 319.32; Q2FY24: 356.52, change -10.43%.
  • Operating Profit (%): Q2FY25: 13.71%; Q2FY24: 15.09%, change -1.38%.
  • PBT: Q2FY25: 282.32; Q2FY24: 336.26, change -16.04%.
  • PBT (%): Q2FY25: 12.12%; Q2FY24: 14.24%, change -2.12%.
  • PAT: Q2FY25: 219.39; Q2FY24: 259.97, change -15.61%.
  • PAT (%): Q2FY25: 9.42%; Q2FY24: 11.01%, change -1.59%.
  • EPS: Q2FY25: 17.27; Q2FY24: 20.46, change -15.47%.
  • Cash EPS: Q2FY25: 24.35; Q2FY24: 26.13, change -6.82%.

H1FY25 Financial Highilights:

  • Plastic Goods Sold: H1FY25: 311,912 MT; H1FY24: 286,307 MT, change 8.94%.
  • Total Income: H1FY25: 4986.30; H1FY24: 4744.62, change 5.09%.
  • Operating Profit: H1FY25: 706.95; H1FY24: 678.25, change 4.23%.
  • Operating Profit (%): H1FY25: 14.18%; H1FY24: 14.30%, change -0.12%.
  • PBT: H1FY25: 602.03; H1FY24: 598.45, change 0.26%.
  • PBT (%): H1FY25: 12.07%; H1FY24: 12.61%, change -0.54%.
  • PAT: H1FY25: 455.53; H1FY24: 454.33, change 0.26%.
  • PAT (%): H1FY25: 9.14%; H1FY24: 9.58%, change -0.44%.
  • EPS: H1FY25: 35.87; H1FY24: 35.77, change 0.28%.
  • Cash EPS: H1FY25: 49.71; H1FY24: 47.11, change 5.52%.

M. P. Taparia, Managing Director, The Supreme Industries, said: Plastic Pipe Systems business growth was severely affected due to extreme volatility in PVC resin prices, low spending on infrastructure in the first six months by Governments and extended monsoon.

Due to Red sea shipment movement blockage, the container productivity went down extremely. It laid to steep freight increase from Asian countries to India. 66% demand of PVC resin in India is met from imports. Out of that volume, more than 80% of import is coming from Asian countries. This has led to an increase in the cost of PVC resin between Mid-April to 30th June by 19%.

As the freight rates moved down, the prices took a deep cut between 1st July to 16th August. The prices then went down by 17.5%. This type of price volatility in a very short period led to deep de-stocking in the entire trade channel. As the rainy season got extended, the demand revival for Agricultural pipe also remained subdued in the month September. The Government spending on Infrastructure also had gone down in the first half of this fiscal year.

Thus, the Company has revised its guideline of 25% volume growth in Plastic Pipe System to be between 16 to 18% for this year.

Now the price volatility has eased, and price trend of PVC will sustain or go up marginally. Business season has started. Monsoon has withdrawn. The government has also announced an increased infra spending in the second half of this financial year. The Company is fully geared to cater to increased demand of its product with increased available capacity from various ongoing brown field expansion at multiple locations.

The new green field unit dedicated for production of varieties of Industrial and ball valves at Malanpur (M.P.) has commenced commercial production w.e.f. 1st September 2024. The company has been allotted required land near Patna at Bihar and also purchased required private land at Kathua District in Jammu & Kashmir for putting up plastic product complex including Plastic Piping system. Execution of projects at these locations shall be taken in hand during the next financial year. With completion of all the expansion plans undertaken in hand, total installed capacities of the Piping System division shall reach 8,35,000 M.T. per annum by the end of FY 24-25.

The business of Cross Laminated Film has started showing improved performance with improved demand for Tarpaulins and penetrating newer export markets. The division expects about 15% volume growth in this business segment for the year with improved profitability. Trials have commenced forthe newly developed Cross Plastic Film which has good export potential. The commercial launch of the product is expected by December 2024.

The Company has expanded and introduced various new models of chair & cabinet in its furniture segment. 10 new models have been introduced in the first half of FY 24-25. The division continues to add showrooms to improve awareness of its range of premium products. Total strength of showrooms has reached 328 by end of September’24 from 308 showrooms as on 31st March’24. Focus on strengthening distribution channel and adding more retail outlets continued.

In the Industrial Component division, business conditions are improving and Company expects demand scenario to further improve in sectors of home appliances & white goods which constitutes larger part of this business. The division is also working to expand its customer base and develop the business in new sectors and witnessing positive outcome.

The Material Handling Division is continuously expanding its customer base, introducing new products and also investing in new machines and moulds. Orders have been placed for requisite equipment for Bubble Guard Board and Capacity expansion of PP hollow sheets. The division would continue to strive to enlarge its customer base and product portfolio paving the way for moderate growth.

Composite LPG cylinder division continues to cater to existing overseas customers and also participates in various export enquiries. Supplies against new LOI received from Indian Oil corporation Limited (IOCL) are taking place regularly and expects to receive orders for additional quantities also. Response to Company’s efforts to engage with the distribution system of LPG cylinders with promotional activities are positive.

The Protective Packaging Division is doing good business and its focus on developing customized solutions is working well. The strategy to work more on fabricated products is yielding a positive outcome. The division is continuously increasing its fabrication capacities in various geographies to cater to increased demand. Expansion activities are undertaken at Jadcherla (Telangana), Malanpur (M.P.) and Kharagpur (West Bengal) which shall be in place during the 3rd & 4th quarter of this financial year. Negotiations for a suitable location for a new greenfield site near the port in the western region to cater to export opportunities and domestic demand are yet to be concluded.

The Performance Packaging Division continues to utilize its capacities optimally and work on improved product mix and post extrusion value added products. Export opportunities remain the focus area and the division is able to penetrate some new countries.

The Company has placed equipment orders and also awarded civil construction work for making Windows at its new site at Kanpur Dehat in U.P. In the first phase, Company has now planned to put entire window making facilities at Kanpur and cater to customers in Uttar Pradesh, Uttarakhand and NCR. The Company expects to launch and supply Windows in the first half of 2025-26.

Looking at the business outlook and opportunities, the Company has made Capex commitments including carry forward commitments of around Rs 1,500 crore. Total cash outflow during the current year is not likely to exceed Rs. 1000 crore and shall be funded entirely from internal accruals.

Result PDF

Plastic products company Supreme Industries announced Q1FY25 results:

  • Total Consolidated Income: Rs 2,657.79 crore (YoY increase of 11.54%)
  • Operating Profit: Rs 424.86 crore (YoY increase of 23.90%)
  • Operating Profit (% of Total Income): 15.99% 
  • Profit Before Tax (PBT): Rs 356.94 crore (YoY increase of 25.96%)
  • PBT (% of Total Income): 13.43% 
  • Profit After Tax (PAT) (Before OCI): Rs 273.37 crore (YoY increase of 26.83%)
  • PAT (% of Total Income): 10.29% 
  • Earnings Per Share (EPS): Rs 21.52 (YoY increase of 26.83%)
  • Cash Earnings Per Share: Rs 28.29 (YoY increase of 24.97%)
  • The Company has a total Cash Surplus of Rs 1,245 crore as on 30th June, 2024 as against Cash Surplus of Rs 1,178 crore as on 31st March, 2024.
  • The overall turnover of value-added products increased to Rs 925 crore during the current quarter as compared to Rs 756 crore in the corresponding quarter of previous year.

M. P. Taparia, Managing Director, The Supreme Industries Limited, said: Polymer prices remained range bound during the quarter, except for the prices of PVC Resin which increased by about Rs 13 per kg., an increase of about 15%. However PVC resin prices started showing a declining trend from 2nd week of July onwards. Thus, the raw material prices are expected to remain affordable.

Country is witnessing good rainfall in most of the parts which augurs well for the economy. Demand for housing and infrastructure is good. The company remains positive of envisaged volume growth with an increase in value added products turnover both for the Plastic piping Division and for the company during the current fiscal year.

Various capacity expansion programs of Piping division are progressing smoothly. Most of the expanded capacities at the existing manufacturing units would be in place during the second half of the year. Various greenfield projects which are taken in hand are progressing well. The company has been allotted required land at Malanpur (M.P.) for a new unit to expand its pipe & fitting Capacities, additional land at Jadcherla (Telangana) for further expansion and also completed the purchase of contiguous land to existing plant at Sangli (Maharashtra).

The company has also negotiated purchase of additional contiguous land at Puducherry for expansion of Bathware products. Identification and allotment of suitable land near Patna in Bihar & near Vijaywada in Andhra Pradesh is at an advanced stage.

The Company has also applied for Industrial Land at Jammu for putting up a Plastics Product Complex. The new green field unit dedicated for production of varieties of Industrial and ball valves at Malanpur (M.P.) has commenced trial production and is likely to go into commercial production soon. With completion of all the expansion plans undertaken, except the green field sites, installed capacities of the Piping System division shall reach to 8,35,000 M.T. per annum by end of FY 25 from 7,40,000 M.T. as on 31st March,2024

Orders for equipment have been placed for PP silent pipe system in technical collaboration with M/s. Poloplast Gmbh of Austria. The newly launched PERT Piping System and PE single wall corrugated pipes has received an encouraging response. The Polyethylene Gas Piping System is expected to be launched by October this year. The Company continues to invest and enlarge the product basket in its piping business and to increase the range of value-added products.

The Company’s strategy to focus more on Made-up products, from Cross Laminated film is yielding positive results. The division is expanding its fabrication capacities which would further help in improving Overall realizations and margins. Efforts to expand geographical reach in the export market are yielding positive results. Trials have commenced to manufacture newly developed cross plastic film. The company is hopeful to successfully complete the trial process in the current quarter to pave the way for its commercial launch.

The Company has expanded and introduced various new models of chair & cabinet in its furniture segment. The division continues to add showrooms to improve awareness of its range of premium products. Total strength of showrooms has reached 319 by end of June, 2024 from 308 showrooms as on 31st March,2024.

The Industrial Component Division is carrying out capacity augmentation judiciously mostly against confirmed business and projected volumes committed by customeRs It is also working to expand its customer base and develop the business in new sectoRs With revival in the business scenario of various appliances customers, division expects better growth prospects going forward.

The Fisheries and F&V sectors in the Material Handling Division are seeing good demand. Division is adding newer markets in western coastal areas for growth in Fisheries crates and also building strong network for increase in sales of varieties of dustbins. There is good demand from the soft drink industry. The division is expanding its product range and is in process of establishing manufacturing set up for Bubble Guard Board used in packing boxes and is also expanding capacity for production of PP hollow sheets. The division expects to continue its momentum of growth both in volume and value terms.

Composite LPG cylinder division has received another letter of Intent from Indian Oil corporation Limited (IOCL) for the supply of 231035 Nos of Cylinders during this year. The Company is actively engaging with the distribution system of LPG cylinders and initiating various promotional activities.

The Protective Packaging Division has enhanced its capacity utilization. The strategy to work more on fabricated products has improved profitability. The division has increased its fabrication capacities to cater to increased demand and also expanding its capacities at existing locations apart from looking for a new greenfield site near port in western region to cater to export opportunities and meet increased domestic demand. Identification and negotiation for acquisition of land are at an advanced stage and likely to be concluded by October 2024.

The Performance Packaging Division continues to utilize its capacities optimally and work on post extrusion value added products.

The Company has placed equipment orders for making Windows at its new site at -Kanpur Dehat and also at its existing factory at Kharagpur. The Company expects to supply Windows from these two sites in the first half of 2025-26. With increased business opportunities, the Company has made Capex commitments including carry forward commitments of around Rs 1500 crs Entire Capex shall be funded from internal accruals.

Result PDF

Plastic Products company Supreme Industries announced standalone Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Sales Volume in Q4 see a YoY increase of 33%
  • Revenue Q4: Rs 1,95,369 crore, a 32.53% increase from Q4FY23.
  • Operating Profit Q4: Rs 491 crore, representing a 2.18% increase from Q4FY23.
  • Profit After Tax (PAT) Q4: Rs 314.48 crore, a marginal 1.26% uplift from Q4FY23

FY24 Financial Highlights:

  • Sales Volume in FY24 see a YoY increase of 26%
  • Revenue FY24: Rs 6,39,701 crore, up by 26.30% compared to FY23.
  • Operating Profit FY24: Rs 1,548.54 crore, a 29.05% rise from FY23.
  • Profit Before Tax (PBT) FY24: Rs 1,351.83 crore, an increase of 33.79% from FY23. 
  • Profit After Tax (PAT) FY24: Rs 1,016.17 crore, a strong 32.92% growth over the   previous fiscal year.
  • The planned capex for the fiscal year is around Rs 1500 crore, with an additional carry forward commitment of Rs 496 crore from the previous year. 
  • Expected volume growth of 20% for the current year, with a previous year growth of about 33% in plastic piping systems.
  • The overall turnover of value-added products increased to Rs 3737 crore, up by 13%.

M. P. Taparia, Managing Director, The Supreme Industries Limited, said," Indian economy has achieved highest growth in the previous year compared to all advanced economies of the world. Monsoon for the coming year is expected to be higher than normal , which augurs well to contain the inflation. The Governments are taking several initiatives to boost manufacturing. The country’s GDP thus may grow higher than previous year.

Central and State Governments are taking several initiatives towards creating improved infrastructure, to provide houses for all and supplying gas to households by Piping system will further boost the demand for the Company’s products.

In India and several surrounding countries, expansion of plastic raw material production capacity is under execution. In the forecasted slow growth of world economy in this year combined with increased availability of Plastics will maintain the price level at affordable price level. The Company expects to achieve 20% volume growth this year.

During the year under review the Company achieved volume growth of about 33% in Plastic Piping System made from different plastic materials. Overall, the Company sold 5,01,001 Tons of Pipe System compared to 3,75,046 Tons in the preceding year. However due to reduction in PVC resin prices, revenue growth was at about 15% over previous year.

The Company’s entire range of Plastics products are poised to grow in this year. The Company is also taking several initiatives to boost export of Plastics products out of its product range. The response to this initiative is encouraging.

To meet the growth in demand for piping products Company has initiated steps not only to do brownfield expansion at existing manufacturing sites but also to put up new plants near Patna (Bihar) and Vijayawada (Andhra Pradesh).

The Company has 36 plastic piping Systems in the division and plans to add another 5 new systems viz. Acoustic PP Pipe System in collaboration with Poloplast GmbH of Austria, Polyethylene Gas Piping System, PERT Piping System, PE single wall corrugated Pipes, and Rainwater Harvesting System (Infiltration modules for ground recharge and storage) during the current year.

Bath fittings and Sanitaryware business has been established. Design center at Pune is working extensively for various new SKUs. Based on their initiatives, the SKU in this division will go up from 421 Nos to over 1000 nos by the end of this year.

The Company is putting up PVC Profile manufacturing with 5000 tons Annual capacity at newly acquired site at Kanpur Dehat along with Window making at the same site and also at Kharagpur.

The Business of Cross Laminated Film (XF) & Products had a nominal growth of 1 % in volume terms during the year under review. The below normal & erratic rains in several parts of the country adversely impacted the demand for tarpaulin resulting in de-growth in this product category. Company has introduced many new made-up products from XF film and was successful in acquiring customers by entering in additional world markets. Exports grew by 9 % over the previous year with a presence in 35 countries across the globe.

All the equipment’s for manufacturing Cross Plastics are in the final stages of installation & the trial production is likely to commence in 2nd Quarter 2024. Once the samples are approved by prospective customers the Company will launch this much awaited product in the Market."

Result PDF

Plastic Products company Supreme Industries announced Q3FY24 & 9MFY24 results:

Standalone Q3FY24 vs Q3FY23:
- Plastic goods sold: Q3FY24 - 1,58,025 MT (up 14.21% from 1,38,362 MT in Q3FY23).
- Total Income: Q3FY24 - Rs 2,481.37 crore (a 6.47% increase from Rs 2,330.60 crore in Q3FY23).
- Operating Profit: Q3FY24 - Rs 379.29 crore (25.01% of Total Income, up from Rs 303.41 crore, which was 13.02% in Q3FY23).
- Profit Before Tax (PBT): Q3FY24 - Rs 329.16 crore (an increase from Rs 257.37 crore in Q3FY23).
- Profit After Tax (PAT) Before OCI: Q3FY24 - Rs 247.36 crore (up from Rs 194.08 crore in Q3FY23).
- Earnings Per Share: Q3FY24 - Rs 19.47 (compared to Rs 15.28 in Q3FY23).

Consolidated Q3FY24 vs Q3FY23:
- Total Consolidated Income: Q3FY24 - Rs 2,469.81 crore (a 6.50% increase from Rs 2,319.00 crore in Q3FY23).
- Operating Profit: Q3FY24 - Rs 399.66 crore (up 20.77% from Rs 330.94 crore in Q3FY23).
- Profit Before Tax (PBT): Q3FY24 - Rs 337.97 crore (up from Rs 273.32 crore in Q3FY23).
- Profit After Tax (PAT) Before OCI: Q3FY24 - Rs 256.17 crore (an increase from Rs 210.03 crore in Q3FY23).
- Earnings Per Share: Q3FY24 - Rs 20.17 (compared to Rs 16.53 in Q3FY23).

Consolidated Financial Performance (9MFY24 vs 9MFY23):
- Total Income increased by 8.34% to Rs 7,173.97 crore.
- Operating Profit grew by 36.34%, amounting to Rs 1,122.83 crore.
- PBT rose by 45.50% to Rs 940.82 crore.
- PAT Before OCI increased by 41.31%, reaching Rs 714.90 crore.

M. P. Taparia, Managing Director, The Supreme Industries, said: "Polymer prices have stabilized at an affordable level. Red Sea conflict has disrupted normal business flow. The price volatility may become severe if this conflict becomes more wide spread.

In our country additional petrochemical plants have gone into operation. Further capacities to make Polymers are expected to go into production in the country in next 2-3 years. This augurs well to plan further growth in the Company’s businesses.

The Company has acquired M/s Parvati Agro plast at Sangli (Maharashtra), with a capacity of 36000 tons per annum. The additional adjoining land of 7.76 acre which was part of the deal is still waiting for certain Government clearances to come to Company’s ownership. Several balancing equipment’s to run the plant fully are still to come. The Company expects to run this Unit at full capacity beginning February this year.

The construction of the Company’s fourth plant at Malanpur is going in full speed. It is expected that the plant will be put in operation during the during 1st quarter of FY 2024-25. This plant is geared to manufacture Ball valves and Industrial vales.

The Company received BIS approval for supplying it’s HDPE pipe for carrying Natural Gas. The Company expects to introduce this new system to the market in 4th quarter of current year. The plant to produce Accoustics Polypropylene pipe is expected to go into operation during July-September 2024.

The Company has started offering its CPVC pipe system for Industrial application. Earlier, the Company was catering plumbing and fire sprinkler system from CPVC raw materials. The company will now be able to cater to demand for Industrial Piping requirements from CPVC material."

Result PDF

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

Plastic Products company Supreme Industries announced Q1FY24 results:

    Consolidated Q1FY24 vs Q1FY23:
    • Total Income: Rs 2,382.78 crore vs Rs 2,210.53 crore, up 7.79%
    • Operating Profit: Rs 342.91 crore vs Rs 326.91 crore, up 4.89%
    • Operating Profit (% of Total Income): 14.39% vs 14.79%
    • PBT: Rs 283.37 crore vs Rs 268.15 crore, up 5.68%
    • PBT (% of Total Income): 11.89% vs 12.13%
    • PAT (Before OCI): Rs 215.54 crore vs Rs 213.85 crore, up 0.79%
    • PAT (% of Total Income): 9.05% vs 9.67%
    • Earning Per Share:  Rs 16.97 vs Rs 16.84, up 0.77%
  • Standalone Q1FY24 vs Q1FY23:
    • Plastic goods sold (MT): 1,48,544 vs 1,08,922, up 36.38%
    • Total Income: Rs 2,382.74 crore vs Rs 2,210.53 crore, up 7.79%
    • Operating Profit: Rs 321.73 crore vs Rs 268.80 crore, up 19.69%
    • Operating Profit (% of Total Income): 13.50% vs 12.16%
    • PBT: Rs 262.19 crore vs Rs 210.04 crore, up 24.83%
    • PBT (% of Total Income): 11.00% vs 9.50%
    • PAT (Before OCI): Rs 194.36 crore  vs Rs 155.74 crore, up 24.80%
    • PAT (% of Total Income): 8.16% vs 7.05%
    • Earning Per Share:  Rs 15.30 vs Rs 12.26, up 24.80%
  • The overall turnover of value-added products remains at Rs 756 crore during Q1FY24 as compared to Rs 761 crore in Q1FY23.
  • The Company has total Cash Surplus of Rs 951 crore as on 30th June, 2023 as against Cash Surplus of Rs 738 crore as on 31st March, 2023.

 

 

Result PDF

Trending News

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

TCS, on its Investor Day 2025, articulated a clear shift towards an AI-first enterprise

Published on 18-Dec-2025 09:07

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Syrma SGS Technology has completed the first tranche of its acquisition of defence and aerospace electronics firm Elcome Integrated Systems

Published on 18-Dec-2025 09:06

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

POWERGRID has commissioned the Western Region Expansion Scheme-XXV

Published on 18-Dec-2025 09:05

L&T's Buildings & Factories (B&F) business has won multiple large domestic EPC orders across tourism

L&T's Buildings & Factories (B&F) business has won multiple large domestic EPC orders across tourism

Published on 18-Dec-2025 09:03

Marico has amended the definitive agreements to extend the timeline for acquiring the remaining 40% stake in Satiya Nutraceuticals (PLIX) by 12 months

Marico has amended the definitive agreements to extend the timeline for acquiring the remaining 40% stake in Satiya Nutraceuticals (PLIX) by 12 months

Published on 18-Dec-2025 09:01

Axis Bank MD & CEO Amitabh Chaudhry said that recent RBI rate cuts will delay stabilisation of net interest margins

Axis Bank MD & CEO Amitabh Chaudhry said that recent RBI rate cuts will delay stabilisation of net interest margins

Published on 18-Dec-2025 09:00

Disclaimer – I ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is acting as a distributor to solicit bond related products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein mentioned are solely for informational and educational purpose.
Download App

Download Our App

Play Store App Store
market app
✕
Application status