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Informist, Tuesday, Jul. 28, 2026

By Shreya Shetty

MUMBAI – Plastic pipes' manufacturer Supreme Industries Ltd. reported a higher-than-expected bottom line for the June quarter while the company's top line fell short of the analysts' consensus estimate. The company reported net profit of INR 2.81 billion for the quarter, up nearly 39% on year, but down more than 35% from the previous quarter. Analysts expected the company to report a bottom line of INR 2.23 billion for the quarter.

The company's revenue from operations rose at a higher pace on-year than the total expenses, while its tax outgo also rose from the previous year. The decline in the bottom line from the previous quarter is likely due to a significant fall in the company's revenue.

The company's revenue from operations rose more than 4% on year to INR 27.18 billion, though it missed analysts' expectations, which was INR 29.71 billion. From the previous quarter, the top line was down 23%.

The company incurred total expenses of INR 24.46 billion during the quarter, 2.5% higher than a year ago. Cost of materials consumed, which made up more than 78% of the total expenses, fell marginally by 0.1% from the previous year. The company's depreciation and amortisation expenses, which make up the smallest portion of its total expenses, rose 31.5% on year to INR 1.22 billion in the June quarter.

The plastic pipe maker's June quarter performance was impacted by extraordinary volatility in polymer prices, M.P. Taparia, managing director, Supreme Industries, said in a release. A decline in ploymer prices during April led to inventory correction during the quarter, he said. "While this affected industry volumes during the quarter, we believe this is a temporary phenomenon," the release quoted Taparia as saying.

The company's revenue from plastic pipes was INR 17.91 billion, down slightly from INR 17.92 billion a year ago. "The plastic piping systems business continues to strengthen its leadership position through product innovation and capacity expansion. Total installed capacity in this division has reached to one million tonne per annum and the company has introduced several advanced products including PERT Pipe Systems, Electrofusion Olefin Fittings, Industrial Valves and PP Silent Pipe Systems. The successful integration of the Wavin business further enhances the company's technology and product capabilities," the release quoted Taparia as saying.

The pipe-maker's revenue from industrial products rose nearly 24% on year to INR 3.73 billion. Revenue from packaging products rose to INR 4.38 billion from INR 4.02 billion last year. The company's consumer products revenue was down at INR 873.6 million from INR 983.9 million a year ago. The company sold 157,536 tonnes of plastic goods in the reporting quarter, down 14% on year.  

The company's consolidated earnings before interest, tax, depreciation and amortisation for the reporting quarter rose nearly 25% from the previous year to INR 3.98 billion. Analysts had expected the company's EBITDA at INR 3.97 billion. The plastic pipe manufacturers' EBITDA margin rose to 14.56% from 12.23% a year ago, while its earnings before interest were INR 2.76 billion, up from INR 2.26 billion a year ago. 

Supreme Industries reported consolidated operating profit of INR 4.71 billion for the June quarter, up nearly 37% from a year ago. Its consolidated operating profit margin for the quarter was 17.27%, up from 13.10% a year ago.

The company had a net cash surplus of INR 5.42 billion as of Jun. 30, against a cash surplus of INR 6.48 billion as of Mar. 31.

The company is progressing with its plans to establish manufacturing facilities at new locations, which include Bihar, Jammu, and Malanpur, it said in a release. The company is also in the process of acquiring additional land in Puducherry and Erode in Tamil Nadu to set up additional manufacturing plants.

At 1359 IST, shares of the company traded 1.7% higher at INR 3,395 on the National Stock Exchange. The company announced its June quarter earnings during market hours.  End

Edited by Akul Nishant Akhoury

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