Supreme Industries reports mixed performance in Q3FY18
Supreme Industries reported its results for the quarter ended December 31, 2017 on Tuesday. Its consolidated revenue for the quarter came in at Rs. 1,278.3 crore, registering 15.4 per cent yoy increase. This was led by jump in revenue from Industrial products and Plastic piping products by 28.6 per cent and 18.6 per cent, respectively.
EBITDA for the quarter rose by 6.5 per cent yoy to Rs. 197.73 crore with a corresponding margin contraction of 130 bps. EBITDA margin for the quarter stood at 15.5 per cent. This contraction was led by 15 per cent jump in cost of materials consumed. The PAT for the quarter came in at Rs. 95.83 crore, yoy increase of 5.6 per cent.
Looking at nine-month numbers, we see that revenue jumped by 10 per cent to reach Rs. 3,495.03 crore, while EBITDA fell by 4 per cent to 500.36 crore. Furthermore, it has reported net profit of Rs. 231 crore, up 8 per cent yoy.
Supreme Industries Limited is India's leading plastics product manufacturer, offering a wide and comprehensive range of plastic products in India. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products, Industrial Moulded Components, Moulded Furniture, Storage & Material Handling Products, Performance Packaging Films and Composite LPG Cylinders. Supreme Industries has 25 technologically advanced manufacturing facilities located at various places spread across the country.
On Tuesday, the stock of Supreme Industries opened at Rs. 1,290.45 per share and touched an intra-day low of Rs. 1,260 on the BSE.