Supreme Industries Q3 PAT down -21.31% at Rs245.72cr on 22% rise in raw material costs

26 Jan 2022 , 06:43 PM

Supreme Industries Ltd reported 5.49% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs1,945.11cr. On a sequential basis, the revenues were higher for the quarter by just about 0.86%.

During the quarter, the company did see an overall revival in the demand for its core piping products. There was marginal growth in top line across plastic piping products, industrial products, packaging products and consumer products.

Volumes were down about 11% yoy, but price hikes managed to hold sales growth.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -21.31% at Rs245.72cr on higher revenues offset by higher raw material costs.

IN fact, the raw material costs spiked by 22.2% against a 11% fall in volumes. In terms of EBIT numbers, only industrial products vertical saw a rise in EBIT while the EBIT of plastic piping, packaging products and consumer products were lower.

Net margins tapered from 16.94% in the Dec-20 quarter to 12.63% in the Dec-21 quarter. Net margins were 77 bps higher sequentially.

Financial highlights for Dec-21 compared yoy and sequentially

	Supreme Industries
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,945.11	₹ 1,843.80	5.49%	₹ 1,928.54	0.86%
Net Profit (Rs cr)	₹ 245.72	₹ 312.28	-21.31%	₹ 228.71	7.44%
Diluted EPS (Rs)	₹ 19.34	₹ 24.58		₹ 18.00
Net Margins	12.63%	16.94%		11.86%