Supreme Industries, India's largest plastic processors, offering widest and most comprehensive range of plastic products reported third quarter net profit at Rs 102.2 crore versus Rs 58.3 crore for the same quarter last fiscal. The consolidated total income (YoY) was up at Rs 1151.7 crore versus Rs 1005.2 crore.MP Taparia, MD,Supreme Industries in an interview to CNBC-TV18 said there was no inventory loss in the third quarter and the debt for the company has come down from Rs 875 crore to Rs 689 crore. The borrowing cost currently stands at 8.75 percent, he said.Raw material costs for the company are now only down by 9-10 percent from their peaks and expects the company to post volume growth of 15 percent for the next fiscal too.Supreme is credited with pioneering several products in India. These include cross- laminated films, HMHD films, multilayer films, SWR piping systems and more.The company plans to develop new products in the cross-laminated film division.
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