Q4 2024 Supreme Industries Ltd Earnings Call Transcript
Key Points
- Supreme Industries Ltd (BOM:509930) achieved a significant volume growth of 26% and product value growth of 11% year-over-year.
- The company reported a consolidated operating profit increase of 22% and profit after tax increase of 24% compared to the previous year.
- Plastic piping system business grew by 34% in volume and 15% in value terms, indicating strong demand in this segment.
- The company has a robust cash position with INR1,178 crores as of March 31, 2024, up from INR738 crores the previous year.
- Supreme Industries Ltd (BOM:509930) plans a substantial CapEx of around INR1,500 crores for the year, indicating future growth and expansion.
- The industrial products segment experienced a decline of 3% in value terms, indicating challenges in this area.
- Consumer product segment business remained flat in volume and decreased by 1% in value terms, showing stagnation in this segment.
- The company's furniture business did not show any growth in value terms and had negligible growth in volume terms.
- The composite cylinder division had a subdued year due to lower-than-expected purchases from Indian Oil Corporation.
- There was an inventory loss of around INR50 crores for the full year, impacting overall profitability.
Ladies and gentlemen, good day, and welcome to the Supreme Industries Q4 FY24 earnings conference 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 from DAM Capital Advisors. Thank you, and over to you, sir.
Thank you, Rio, and thank you, everyone, dialing in to Supreme Industries Q4 and FY24 results call. Representing the management, we have Mr. M.P. Taparia, Managing Director; Mr. P.C. Somani, Chief Financial Officer; and Mr. R.J. Saboo, Company Secretary.
I hand it over to the team for initial comments on the results. Thank you.
Thank you very much. I am M.P. Taparia, Managing Director of the Supreme Industries Limited. I, along with my colleagues, Shri, P.C. Somani, Chief Finance Officer; and Shri. R.J. Saboo, Vice President, Corporate Affair & Company Secretary,
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