Supreme Industries profit zooms by 75 per cent

Supreme Industries reported its results for the quarter ended September 30, 2018 on Monday.

The company's consolidated revenue for the quarter came in at Rs. 1,316.17 crore as against Rs. 1,055.06 crore in the corresponding quarter last year, registering 25 per cent yoy increase.

The EBITDA for the quarter rose by 48 per cent yoy to Rs. 212.46 crore as against Rs. 143.96 crore in the corresponding quarter last year, with a corresponding margin expansion of 250 bps. EBITDA margin for the quarter stood at 16.1 per cent.

The PAT for the quarter came in at Rs. 104.75 crore as against Rs. 59.82 crore in the corresponding quarter last year, yoy increase of 75 per cent.

During the quarter, the company sold 83,175 MT of Plastic goods as against sales of 79,029 MT in Q2FY18. Further, under its construction business, the company has realised Rs. 80.85 crores from sale of 38,718 sq. ft. of the premises.

The board of directors has considered interim dividend of Rs. 4 per share for the face value of Rs. 2 each.

On Monday, the stock opened at Rs. 982.75 per share and made an intraday high and low of Rs. 992 and Rs. 980.05, respectively, on the BSE.