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Supreme Industries Q2 profit falls 64% to Rs 82 crore; sales up 8 pc to Rs 2,087 crore

The company had posted a net profit of Rs 228.71 crore during the July-September quarter of the previous fiscal, Supreme Industries Ltd said in a regulatory filing.

October 31, 2022 / 08:48 PM IST

Plastic product maker Supreme Industries on Monday reported a 64.13 per cent decline in consolidated profit at Rs 82.02 crore in the second quarter ended September 2022, impacted by a fall in PVC resin prices.

The company had posted a net profit of Rs 228.71 crore during the July-September quarter of the previous fiscal, Supreme Industries Ltd said in a regulatory filing.

Its revenue from operations went up 8.19 per cent to Rs 2,086.60 crore during the quarter under review as against Rs 1,928.54 crore in the corresponding period of the previous fiscal.

Supreme Industries' total expenses were at Rs 2,005.52 crore, up 19.7 per cent in Q2/FY23, as against Rs 1,675.56 crore in the year-ago quarter.