Supreme Industries : Q1FY18 Results

DSIJ Intelligence / 27 Jul 2017

Supreme Industries : Q1FY18 Results

The company's total sales for Q1FY18 came in at Rs 1161.6 crore, which represents a 9.4 per cent sequential decline and 2.3 per cent YoY decline.

Supreme Industries reported its results for the quarter ended June 30, 2017 on Thursday.

The company's total sales for Q1FY18 came in at Rs 1161.6 crore, which represents a 9.4 per cent sequential decline and 2.3 per cent YoY decline.

Its operating profit (EBIT) for the quarter amounted to Rs 118.1 crore and its EBIT margin stood at 10.2 per cent.

The company reported PAT of Rs 75.3 crore, which represents a sequential QoQ decline of 40.9 per cent and a YoY decline of 26.3 per cent.

During the quarter, raw material prices remained muted due to lower crude oil prices. Several initiatives taken by the government to boost infrastructure spending and focused drive to support affordable housing augur well for the company's business growth prospects.

Supreme Industries Limited is India’s leading plastic products manufacturer having 25 manufacturing facilities across the country.

The company's stock today opened at Rs 1116.2 and touched an intra-day high and low of Rs 1141 and Rs 1086.05, respectively, on the BSE.

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