The Supreme Industries (SUPREMEIND) Q2 24/25 earnings summary

Executive summary

• H1 FY25 sales volume reached 311,912 MT, up 8.94% year-over-year, with Q2 at 138,077 MT, a 0.23% increase year-over-year and 20.57% sequential growth.

• H1 FY25 revenue was ₹4,909.30 crore, up 4.96% year-over-year; Q2 revenue was ₹2,273 crore, down 1.67% year-over-year but up 13.78% sequentially.

• H1 FY25 PAT was ₹479.97 crore, up from ₹458.73 crore year-over-year; Q2 PAT was ₹206.60 crore, down 15.61% year-over-year.

• Board approved unaudited Q2 and H1 FY25 results and declared an interim dividend of Rs. 10 per share (500%) with a record date of October 30, 2024.

• Maintained a debt-free status with a cash surplus of ₹674 crore as of September 30, 2024.

Financial highlights

• Q2 value-added product turnover declined to INR 907 crores from INR 942 crores year-over-year.

• Raw material consumption for H1 FY25 increased 2.9% year-over-year to ₹3,284 crore.

• Depreciation for H1 FY25 was ₹176 crore, up 22.23% year-over-year.

• Inventory loss for the quarter estimated at INR 35-40 crores.

• Cash EPS for H1 FY25 was ₹49.71, up from ₹47.10 in H1 FY24.

Outlook and guidance

• Plastic piping system volume growth guidance revised from 25% to 16%-18% for FY25 due to price volatility and subdued demand.

• Overall company volume growth expected at 14%-15% for FY25.

• Interim dividend declared for FY2024-25, reflecting confidence in ongoing performance.

• Focus on sustainable growth, increasing renewable energy usage, and reducing carbon emissions.

• CapEx commitments of INR 1,500 crores for the year, with cash outflow not exceeding INR 1,000 crores, funded from internal accruals.