The Supreme Industries (SUPREMEIND) Q3 24/25 earnings summary

Executive summary

• Nine-month FY25 revenue reached Rs. 7,419 crore, up 4.11% year-over-year, with Q3 FY25 revenue at Rs. 2,510 crore, up 2.48% year-over-year.

• Nine-month sales volume grew 6.82% to 474,645 MT; Q3 FY25 sales volume was 162,733 MT, up 2.98% year-over-year.

• Q3 FY25 operating profit and PAT declined 17%-27% year-over-year; nine-month PAT down 7%-9.48% year-over-year.

• Company remains debt-free with a cash surplus of Rs. 290 crore as of December 2024.

• Dividend income from associate Supreme Petrochem contributed significantly to other income.

Financial highlights

• Q3 FY25 consolidated operating profit: Rs. 331 crore (down from Rs. 400 crore YoY); Q3 EBITDA: Rs. 309 crore (down 18.54% YoY).

• Q3 FY25 PAT: Rs. 180 crore–187 crore (down from Rs. 256 crore YoY); nine-month PAT: Rs. 635 crore–666.94 crore (down from Rs. 714.90 crore YoY).

• Q3 FY25 EBITDA margin at 12.31% vs. 15.49% in Q3 FY24; nine-month margin at 13.69% vs. 14.84% in 9M FY24.

• EPS for 9M FY25 at Rs. 50.00–52.50, down from Rs. 55.24–56.28 in 9M FY24.

• Inventory loss in first nine months exceeded Rs. 100 crore, mainly in PVC and polyethylene.

Outlook and guidance

• No specific volume growth guidance due to PVC price uncertainty, but expects to outpace country growth by 3%-4% in plastic piping.

• Maintains 15%-16% volume growth guidance for plastic piping for FY25, subject to no major disruptions.

• Margin guidance for FY25 is 13.5%-14%.

• Q4 expected to see strong demand, especially in agri and housing segments.