Monday, October 25, 2021

Supreme Industries Q2 PAT up 30.73% yoy | Impact & Outlook


Supreme Industries Q2 PAT up 30.73% yoy at Rs228.71cr on strong EBIT growth in plastic pipes and industrial products

Supreme Industries Ltd reported 40.28% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs1,928.54cr


Supreme Industries Ltd reported 40.28% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs1,928.54cr. The revenues were higher by 43.70% on a sequential basis compared to Rs1,342.08cr revenues in the Jun-21 quarter.

It saw strong top line growth across plastic pipes, industrial products and consumer products while the packaging products business was flat. Among the growing verticals, plastic piping grew by 49.6% yoy, industrial products grew by 39.8% and consumer products by 30.6% on a yoy basis.


The consolidated Profit after tax (PAT) for the Sep-21 quarter was up 30.73% at Rs228.71cr. Profits were up 34.41% compared to the profits in the sequential quarter. The profit growth lagged the sales growth as material cost and inventory costs added up for the company.


Stock Outlook

Long term still intact , hold firmly. In short term 2216 - 2276 is good support zone for entry, can test 2729.




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