The Supreme Industries (SUPREMEIND) Q1 24/25 earnings summary

Executive summary

• Achieved 17% volume growth and 12% product value growth year-over-year in Q1 FY25, selling 173,875 tons and net product turnover of INR 2,612 crore.

• Consolidated income rose 12% to INR 2,658 crore and operating profit increased 24% to INR 425 crore year-over-year.

• Profit before tax grew 26% to INR 357 crore and profit after tax rose 27% to INR 276 crore year-over-year.

• Maintained a debt-free status with a cash surplus of INR 1,245 crore as of June 30, 2024.

• Un-audited consolidated and standalone financial results for Q1 FY25 approved, showing strong growth in both volume and value compared to Q1 FY24.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 at INR 2,636.35 crore, up 11% year-over-year from INR 2,368.58 crore.

• EBITDA margin for Q1 was 14.7%, up from 13.5% year-over-year.

• PAT increased 27% year-over-year to INR 273.37 crore.

• EPS (basic & diluted) at INR 21.52 for Q1 FY25, compared to INR 16.97 in Q1 FY24.

• Cash surplus stood at INR 1,245 crore as of June 30, 2024, up from INR 1,178 crore at March 31, 2024.

Outlook and guidance

• Maintains guidance of 25% volume growth for plastic piping and 20% overall for FY25.

• Margin guidance remains at 15%-15.5% for the year.

• Expects 12-15% volume growth annually from FY22 to FY26, driven by infrastructure and housing demand.

• Revenue projected at INR 12,000-12,500 crore and operating profit at 15-15.5% margin for FY25.

• Strong cash flows support ongoing expansion plans and liberal dividend payouts.