Supreme Petrochem Reports Flat Q3 FY24-25 Results Amid Profitability Challenges

Jan 17 2025 08:15 PM IST
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Supreme Petrochem has announced its financial results for the third quarter of FY24-25, reporting net sales of Rs 4,484.35 crore, a 21.51% year-on-year increase. However, profitability has faced challenges, with both profit before tax and profit after tax declining compared to previous quarters, indicating a negative trend in earnings.
Supreme Petrochem has released its financial results for the third quarter of FY24-25, showcasing a flat performance relative to previous periods. The company's net sales for the nine-month period reached Rs 4,484.35 crore, reflecting a year-on-year growth of 21.51%. This sales trend suggests a degree of resilience in the company's operations.

However, the results also reveal notable challenges. The profit before tax (PBT) for the quarter was reported at Rs 78.71 crore, which represents a decline compared to the average PBT of Rs 120.33 crore over the preceding four quarters. Similarly, the profit after tax (PAT) was recorded at Rs 71.35 crore, down from the average PAT of Rs 102.87 crore during the same timeframe. These figures indicate a negative trend in profitability for Supreme Petrochem.

In light of these results, there has been an adjustment in evaluation, with the overall score for the company shifting to -2 from 3 over the last three months.

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