The Supreme Industries Ltd. has reported financial results for the period ended March 31, 2020.
Financial Results (Q4 FY19-20) - QoQ Comparison
The company has reported total income of Rs.1430.55 crores during the period ended March 31, 2020 as compared to Rs.1374.12 crores during the period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.117.28 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.123.39 crores for the period ended December 31, 2019.
The company has reported EPS of Rs.9.23 for the period ended March 31, 2020 as compared to Rs.9.71 for the period ended December 31, 2019.
|
Total Income | ₹ 1430.55 crs | ₹ 1374.12 crs | 4.11% |
Net Profit | ₹ 117.28 crs | ₹ 123.39 crs | -4.95% |
EPS | ₹ 9.23 | ₹ 9.71 | -4.94% |
Financial Results (Q4 FY19-20) - YoY ComparisonThe company has reported total income of Rs.1430.55 crores during the period ended March 31, 2020 as compared to Rs.1533.99 crores during the period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.117.28 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.124.06 crores for the period ended March 31, 2019.
The company has reported EPS of Rs.9.23 for the period ended March 31, 2020 as compared to Rs.9.77 for the period ended March 31, 2019.
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Total Income | ₹ 1430.55 crs | ₹ 1533.99 crs | -6.74% |
Net Profit | ₹ 117.28 crs | ₹ 124.06 crs | -5.47% |
EPS | ₹ 9.23 | ₹ 9.77 | -5.53% |
Financial Results (12 months ended FY 19-20) - YoY ComparisonThe company has reported total income of Rs.5512.97 crores during the 12 months period ended March 31, 2020 as compared to Rs.5619.77 crores during the 12 months period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.467.40 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.448.63 crores for the 12 months period ended March 31, 2019.
The company has reported EPS of Rs.36.80 for the 12 months period ended March 31, 2020 as compared to Rs.35.32 for the 12 months period ended March 31, 2019.
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Total Income | ₹ 5512.97 crs | ₹ 5619.77 crs | -1.9% |
Net Profit | ₹ 467.40 crs | ₹ 448.63 crs | 4.18% |
EPS | ₹ 36.80 | ₹35.32 | 4.19% |
Mr. M. P. Taparia, Managing Director, The Supreme Industries Limited, said: At the end of the year i.e. beginning second half of March 2020 the business was severely affected due to Covid-19 Pandemic. The Lockdown is now entering in its fourth stage. As the time passes, the focus of Government is moving to create a balance between Health and Safety of the Countrymen while keeping eyes to revive the economy back on growth path.
Government is taking incremental steps every day in different parts of the country to give desired boost to the economy. With the Country's preparedness over the last two months to prepare to fight against Covid-19 Pandemic which is being suitably supported by various relief measures announced by central Government which is around 10% of India's annual GDP, it is expected that during second quarter of the year 2020-21 the economy would start to revive to serve the country with a higher growth potential.
Considering the bright future prospects, the Company has not slowed down its investment plans. The same was however delayed due to cessation of activities in different parts of the country as a result of Lockdown which still remains partially applicable in various parts of the country.
Various initiatives taken by the center and state governments have given desired boost to the plastic pipe business. There is quantum jump in construction of affordable houses. The infrastructure activities comprising supplying drinking water and to boost the sewage system have gathered momentum.
Raw material scenario is likely to be comfortable. Prices have started showing increasing trend after reaching to bottoms during the year under review except PVC Resin. Overall it is expected that raw material prices shall remain range bound and affordable.
The Company expects that by September this year the business should be returning to normalcy and will move to growth path by November, 2020.
The Board has declared two interim dividends aggregating to Rs.14/- per share against total dividend of Rs.13/- per share given in previous year. The Board has not recommended any further Dividend on Equity Shares. The total Dividend outgo during the year under review including DDT is Rs. 214 Crores as compared to Rs. 199 crores during previous year.
Shares of THE SUPREME INDUSTRIES LTD. was last trading in BSE at Rs.913 as compared to the previous close of Rs. 914.1. The total number of shares traded during the day was 753 in over 245 trades.
The stock hit an intraday high of Rs. 930.3 and intraday low of 904.05. The net turnover during the day was Rs. 692313.
Source : Equity Bulls
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