Supreme Industries Limited — Updates, 20-01-2025: Press Release

The Supreme Industries Limited reported its financial results for the third quarter and nine months ending December 2024. Standalone total income grew to ₹2,533.25 cr, up 2.09% year-over-year, while operating profit fell 18.54% to ₹308.98 cr, reflecting a margin decline from 15.29% to 12.20%. Profit before tax decreased 27.67% to ₹238.08 cr, and profit after tax dropped 27.38% to ₹179.64 cr.

Despite challenges in the plastic pipe systems segment, the company anticipates improved demand driven by the agriculture and housing sectors in the last quarter. Brownfield expansions are progressing well, with an increase in capacity expected from 820,000 MT to 900,000 MT annually by FY 2024-25. Total capital expenditure plans for the year are approximately ₹1,500 cr, funded by internal accruals. The overall market remains cautious, but the diverse portfolio positions Supreme Industries for potential growth in various segments moving forward.