Supreme Power Equipment Limited — Updates, 25-01-2025: Press Release

Supreme Power Equipment Limited reported notable growth for the quarter and nine months ended December 31, 2024. Key financial metrics indicate that total income for Q3 FY25 reached ₹30.22 Cr, a substantial increase of 36.25% year-over-year, while nine-month total income stood at ₹86.96 Cr, growing 21.44% from the previous year. EBITDA for Q3 was ₹4.75 Cr, a 7.54% rise, and net profit grew to ₹3.17 Cr, marking an 8.74% increase. The demand for solar transformers has been a primary driver of this growth, positioning the company well to capitalize on the renewable energy trend.

Operationally, Supreme Power has been approved as a vendor for the Kerala State Electricity Board, enhancing its potential order opportunities in the region. The company secured several new orders, including a significant ₹15.95 Cr project, underscoring robust market traction. Additionally, construction of a new manufacturing facility is progressing, currently at 30% completion, contributing to a positive outlook as the company aims to leverage its growing order book within a competitive landscape.