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

Executive summary

• Achieved 17% year-over-year volume growth in Q1 FY25, with revenue up 11%-12% to INR 2,636 crore-2,658 crore and net product turnover of INR 2,612 crore.

• EBITDA rose 20%-24% year-over-year to INR 388 crore-425 crore, and PAT increased 21.5%-27% to INR 236 crore-276 crore.

• Maintains 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.

Financial highlights

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

• EBITDA margin for Q1 was 14.7%, up from 13.5% in Q1 FY24.

• PAT reached INR 236.14 crore-276 crore, up 21.5%-27% year-over-year; EPS at INR 18.59-21.52.

• Cash surplus stood at INR 1,245 crore as of June 30, 2024.

• Value-added product turnover increased to INR 925 crore from INR 756 crore year-over-year.

Outlook and guidance

• Maintains guidance of 25% volume growth for plastic piping and 20% overall volume growth 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 for FY25 projected at INR 12,000-12,500 crore, with operating profit margin between 15%-15.5%.

• Focus on increasing revenues from specialty and value-added products.