Q1 2025 Supreme Industries Ltd Earnings Call Transcript
Key Points
- Supreme Industries Ltd (BOM:509930) achieved a 17% volume growth and a 12% net product turnover growth in Q1 FY25 compared to the previous year.
- The company reported a 24% increase in operating profit and a 27% increase in profit after tax year-over-year.
- The plastic piping system business grew by 20% in volume and 14% in value terms.
- The company has a total cash surplus of INR1,245 crores as of June 30, 2024.
- Various capacity expansion programs are progressing smoothly, with new greenfield projects and additional land acquisitions in multiple locations.
- June was a weak month for growth, impacting the overall quarterly performance.
- There was a spike in PVC Resin prices by around INR13 per kilo, which affected margins.
- The EBIT margins for the packaging segment have been volatile over the last five quarters.
- The company faces competitive pressure, with some competitors accusing Supreme Industries Ltd of aggressively cutting prices.
- Inventory levels at the distributor level are low, which may impact restocking and volume growth in the short term.
Ladies and gentlemen, good day, and welcome to the Supreme Industries Q1 FY25 earning call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Aasim Bharde. Thank you, and over to you, sir.
Thank you, Subangi, and good evening to all, and thanks on connecting for Supreme Industries Q1 '25 results call. Apologies from the delay.
From the company side, we have Mr. M.P. Taparia, Managing Director; Mr. P.C. Somani, CFO; and Mr. R.J. Saboo, Company Secretary, who will take us through the Q1 performance and their comments. Thank you, and over to you, Mr. Taparia.
P.C. Somani, CFO; and Shri. R.J. Saboo, Vice President, Corporate Affair and Company Secretary, welcome all the participants who are participating in the discussion of the unaudited stand-alone and consolidated financial
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