Supreme Industries Q1FY23 Results: PAT drops 33.9% to ₹213.85 Cr QOQ, but rise 25.7% as Sales grew 53% YoY

The overall turnover of value added products increase to ₹761 crores during the current quarter as compared to ₹516 crores in the corresponding period of previous year achieving growth of 47%. The Company has Cash Surplus of ₹533 crores as on 30th June, 2022 as against Cash Surplus of ₹518 crores as on 31st March, 2022.

Supreme Industries
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The Supreme Industries Ltd, India’s leading Plastics product manufacturing company, announced its Unaudited Standalone & Consolidated financial results for the Quarter ended 30th June, 2022, at its Board Meeting held today.

The Q1FY23 financial result details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹2,210.53 crore in the quarter ended on June 30, 2022 as against ₹2,565.69 crore in the last quarter ended on Mar 31, 2022, decreased by 13.84%.

The company has posted a consolidated Net Profit of ₹213.85 crore in the quarter ended on March 31, 2022 as against ₹323.86 crore in the previous quarter ended on June 30, 2022. The PAT surges down by 33.97%.

The status of the EPS of the company stood at ₹16.84 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹25.50, down by 33.96%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income2,210.532,565.69
Total Expenses2000.382226.36
PBT /(Loss)268.15408.94
Total Tax /(credit)54.3085.08
PAT /(Loss) [to the owners]213.85323.86
*figures are in Crores

(II) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹2,210.53 crore in the financial year ended on June 30, 2022 as against ₹ crore for the same quarter ended on last year June 30, 2021 that increased by 64.18%.

The company has posted a consolidated Net Profit of ₹213.85 crore in the financial year ended on June 30, 2022 as against ₹ crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 25.68%.

The status of the EPS of the company stood at ₹16.84 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹13.40, which is up by 25.67%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income2,210.531,346.40
Total Expenses2000.381178.30
PBT /(Loss)268.15213.12
Total Tax /(credit)54.3042.96
PAT /(Loss) [to the owners]213.85170.16
*figures are in Crores
Supreme Industries products

(III) Key Highlights about the Performance :

  • The overall turnover of value added products increase to ₹761 crores during the current quarter as compared to ₹516 crores in the corresponding period of previous year achieving growth of 47%.
  • The Company has Cash Surplus of ₹533 crores as on 30th June, 2022 as against Cash Surplus of ₹518 crores as on 31st March, 2022, increased by 2.89% QOQ.
  • Sales volume increased by 53 % at 108,922 MT in Q1FY22 as compared to 71,264 MT in Q1FY22
  • For Q1FY23, EBITDA at ₹269 crore compared to ₹222 crore in Q1FY22, grew by 21%
  • EBITDA margin for Q1FY23 at 12.16% compared to 16.49% in Q1FY22

Supreme Industries Sales chart – Q1 FY23 Results

Shares of Supreme Industries Ltd was last trading in BSE at ₹1894.90 as compared to the previous close of ₹1878.25. The total number of shares traded during the day was 2008 in over 757 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 1921.60
  • Intraday low of ₹ 1837.00