Supreme Industries, a plastic products maker, reported a 1.3 percent drop in consolidated net profit to Rs 354.8 crore in the quarter ended March from Rs 359.4 crore a year earlier.
Revenue from operations rose to Rs 3,007.9 crore from Rs 2,598.3 crore, the company said in a stock exchange filing on April 26.
Follow our market blog for live updates
EBITDA (earnings before interest, taxes, depreciation and amortisation) rose 1.2 percent to Rs 490.8 crore from Rs 480.4 crore.
In a Q3 earnings report, analysts at Geojit had maintained a positive outlook on Supreme Industries and said that steady demand from the housing and agriculture sectors would sustain volume growth.
Over the past year, Supreme Industries shares have gained over 63.5 percent. As of 1:40 pm on April 26, the stock traded at Rs 4,235.90, about 1.5 percent lower.
Also read: Hold Supreme Industries; target of Rs 4416: Geojit
Mumbai-based Supreme Industries makes plastic piping systems, packaging, industrial and consumer products.
(This is a developing story)
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
