Supreme Petrochem Ltd Share Price – NSE  /  BSE

Petrochemicals, Small Cap

Net revenue from operations rose 12.69% year on year (YoY) to Rs 1,562.84 crore in the quarter ended 31 March 2024.

Profit before tax stood at Rs 176.57 crore in fourth quarter of FY24, down 17.83% from Rs 214.88 crore reported in Q4 FY23.

For Q4 FY24, EBITDA stood at Rs 175.30 crore, registering a de-growth of 15.84% from Rs 208.30 crore reported in Q4 FY23.

EBITDA margin slipped to 11.22% in Q4 FY24 as compared to 15.02% recorded in the same quarter last year.

On a full year basis, the company’s net profit tumbled by 30.44% to Rs 346.49 crore in FY24 over FY23. Revenue from operation declined marginally on YoY basis to Rs 5,253.34 crore in the financial year ended 31 March 2024.

Meanwhile, the board recommended a final dividend of Rs 7 per equity share for the financial year ended 31 March 2024, subject to approval of members. The record date for the same is 27 June 2024 and it will be paid on or after 24 July 2024.

Further, the company’s board approved re-appointment of N. Gopat as a manager for a period of two years effective from 16 April 2024 to 31 March 2026.

Supreme Petrochem (SPL) manufactures polystyrene, expandable polystyrene and extruded polystyrene. It has a polystyrene manufacturing plant at Nagothane in Raigad, Maharashtra. Apart from the primary business of polystyrene and expandable polystyrene production, SPL imports styrene monomer and trades in the domestic market.

The scrip rose 0.92% to trade at Rs 649.80 on the BSE.

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Supreme Petrochem announced that the 35th Annual General Meeting (AGM) of the company will be held on 4 July 2024.

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Net profit of Supreme Petrochem declined 17.47% to Rs 131.50 crore in the quarter ended March 2024 as against Rs 159.33 crore during the previous quarter ended March 2023. Sales rose 12.57% to Rs 1558.22 crore in the quarter ended March 2024 as against Rs 1384.27 crore during the previous quarter ended March 2023.

For the full year,net profit declined 30.44% to Rs 346.49 crore in the year ended March 2024 as against Rs 498.14 crore during the previous year ended March 2023. Sales declined 0.78% to Rs 5236.49 crore in the year ended March 2024 as against Rs 5277.60 crore during the previous year ended March 2023.

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Supreme Petrochem announced that the Board of Directors of the Company at its meeting held on 24 April 2024, inter alia, have recommended the final dividend of Rs 7 per equity Share (i.e. 350%) , subject to the approval of the shareholders.

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