Supreme Industries Ltd Share Price – NSE /  BSE

Plastic products, Mid Cap

Net profit of Supreme Industries rose 26.83% to Rs 273.37 crore in the quarter ended June 2024 as against Rs 215.54 crore during the previous quarter ended June 2023. Sales rose 11.31% to Rs 2636.35 crore in the quarter ended June 2024 as against Rs 2368.58 crore during the previous quarter ended June 2023.

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Supreme Industries will hold a meeting of the Board of Directors of the Company on 22 July 2024.

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The order includes supply of approximately 231035 number of 10 Kg composite cylinders. The total supply is expected to be valued at around Rs 55 crore.

The contract shall be valid for a period of 12 months from the date of placement of LOA. However, the same may be extended and repeated at sole discretion of IOCL for a further period of up to 12 months

Supreme Industries is engaged mainly in production of plastic products and operate in various product categories like Plastic piping system, cross laminated films & products, protective packaging products, industrial molded components, molded furniture, storage & material handling products, performance packaging films and composite LPG cylinders.

Supreme Industries has reported 1.28% fall in consolidated net profit to Rs 354.82 crore despite of 15.95% increase in total income to Rs 3,025.98 crore in Q4 FY24 over Q4 FY23.

Shares of Supreme Industries rose 0.05% to Rs 5770.50 on the BSE.

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Supreme Industries announced that on 04 June 2024 at around 7.10 a.in. IST, a fire occurred at Assembly Shop of the Moulding plant of theCompany situated at Plot G-14 & 15 SIPCOT Industrial Park, Sriperumbudur, Dist. Kancheepuram, Chennai-602105, India.

The fire has been controlled, but production/ operations at the said plant is temporarily disrupted. All efforts are being made to resume supplies to the customers and not affect their production line/schedule. There are no human injuries / casualties. The Company is in the process of ascertaining the cause Of the fire and the actual loss caused by it. The impact of the incident on operation of the plant/ company is insignificant.

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