Latest news with #SupremeIndustries
Time of India
6 days ago
- Business
- Time of India
The Supreme Industries' net profit declines 26% in Q1 FY26
NEW DELHI: The Supreme Industries , a plastics product manufacturing company, has reported a dip of 26 per cent in its net consolidated profit during the quarter ended June 30, 2025. Its profit after tax (PAT) stood at ₹202.30 crore in Q1 FY26 as against ₹273.37 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company's net consolidated total income stood at ₹2,626.13 crore in Q1 FY26, a dip of 1.19 per cent from ₹2,657.79 crore it recorded in the similar quarter last year. The company has total net cash surplus of ₹856 crore as on June 30, 2025 as against cash surplus of ₹944 crore as on March 31, 2025. The overall turnover of value-added products increased to ₹933 crore during the current quarter as compared to ₹925 crore in the corresponding quarter of the previous fiscal. M. P. Taparia, managing director of the company said, "Polymer prices remain in affordable range at lower level. PVC prices remain in downward range. This augurs well for growth in the business going forward this year and beyond. Due to fall in PVC prices, there was inventory loss affecting profitability in the quarter." The company entered into business transfer agreements with Wavin Industries and its two wholly-owned subsidiary companies viz: Wavin India Pipes and Fittings Manufacturing & Wavin India Holdings. The acquisition as a going concern on a slump sale basis, is likely to be completed by July 31, 2025. The aggregate consideration for the entire transaction including for net working capital (NWC), is about ₹310 crore. It is also entering into master technology license agreement with Wavin B.V. Netherlands, an Orbia group Company, to access on exclusive basis for India and other SAARC Countries, all its existing technologies and other new technologies to be developed during the period of seven years, pertaining to Plastic Piping systems for Building and Infrastructure segment. The company expects cash outflow of about ₹1,350 crore towards existing capital commitments, acquisition of Wavin Business and new commitments during the year. Entire capex shall be funded from internal accruals. The protective packaging product division is specifically driving its growth plan by increasing its product range and offerings for customized solutions. The same is yielding positive results and paving the way for achieving double digit volume growth and revenue target to exceed ₹1,000 crore for the year from ₹855 crore in the previous year.
Business Standard
6 days ago
- Business
- Business Standard
Supreme Industries consolidated net profit declines 26.00% in the June 2025 quarter
Sales decline 1.03% to Rs 2609.21 croreNet profit of Supreme Industries declined 26.00% to Rs 202.30 crore in the quarter ended June 2025 as against Rs 273.37 crore during the previous quarter ended June 2024. Sales declined 1.03% to Rs 2609.21 crore in the quarter ended June 2025 as against Rs 2636.35 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% -1 OPM %12.2214.69 -PBDT358.21442.97 -19 PBT265.18356.94 -26 NP202.30273.37 -26 Powered by Capital Market - Live News
Business Upturn
6 days ago
- Business
- Business Upturn
Supreme Industries shares fall nearly 3% after Q1 net profit drops 26% YoY to Rs 202 crore, revenue down 1%
By Aman Shukla Published on July 24, 2025, 13:17 IST Supreme Industries shares slipped nearly 3% after the company reported a disappointing set of numbers for the first quarter of FY26. As of 1:14 PM, the shares were trading 2.10% lower at Rs 4,046.80. The company's consolidated net profit declined 26% year-on-year to ₹202 crore, compared to ₹273 crore in the same quarter last year. Revenue also saw a marginal dip of 1%, coming in at ₹2,609 crore versus ₹2,636 crore in Q1 FY25. EBITDA fell 17.6% year-on-year to ₹319 crore from ₹387 crore, while EBITDA margin contracted sharply to 12.2% from 14.7%. Supreme Industries shares opened at ₹4,120.00 and touched a high of ₹4,149.00 during the session. The stock hit a low of ₹4,019.50 before settling in the current trading range. Over the past 52 weeks, the shares have seen a high of ₹5,720.00 and a low of ₹3,095.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
19-07-2025
- Business
- Business Upturn
Supreme Industries signs Business Transfer Agreements to acquire Wavin's Indian piping business for Rs 310 crore
Supreme Industries has taken a major step toward expanding its footprint in the infrastructure segment by officially entering into Business Transfer Agreements (BTAs) with Wavin Industries Limited and its two wholly owned subsidiaries—Wavin India Pipes and Fittings Manufacturing Pvt Ltd and Wavin India Holding Pvt Ltd. The deal follows the initial Memorandum of Understanding (MoU) signed in March 2025 and involves the acquisition of Wavin's Indian piping business (building and infrastructure segment) for a total value of approximately ₹310 crore, which includes adjustments for net working capital. The transaction is structured as a slump sale, with the entire business being acquired on a going concern basis. The acquisition is expected to be completed by July 31, 2025, subject to the fulfillment of certain agreed conditions. This strategic move will bolster Supreme's presence in the Indian piping market and is aligned with its long-term growth plans in infrastructure and building solutions. With this acquisition, Supreme aims to strengthen its product portfolio and distribution network across India, tapping into Wavin's established presence and capabilities. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Standard
09-07-2025
- Business
- Business Standard
Supreme Inds bags supply order worth Rs 54-cr from BPCL
Supreme Industries said that it has received letter of acceptance (LoA) worth Rs 54 crore from Bharat Petroleum Corporation (BPCL) to supply composite LPG cylinders. The contract includes the supply of 2,00,000 of 10 kg composite LPG cylinders. The total supply is expected to be valued at around Rs 54 crore approximately. The contract shall be valid for a period of 6 months from the date of placement of the LoA. However, the same may be extended and/or repeated at the sole discretion of BPCL for a further period of up to 6 months. Supreme Industries is engaged mainly in the production of plastic products and operates in various product categories like plastic piping systems, cross-laminated films & products, protective packaging products, industrial molded components, molded furniture, storage & material handling products, performance packaging films, and composite LPG cylinders. The companys consolidated net profit tumbled 17.16% YoY to Rs 293.94 crore in Q4 FY25. The companys revenue from operations rose 0.64% year-on-year (YoY) to Rs 3,027.07 crore in Q4 FY25. The counter declined 1.78% to settle at Rs 4,197 on the BSE.
