Supreme Petrochem delivered strong quarterly results, with net profit increasing by 15.8% year-on-year to ₹90.3 crore. Revenue for the quarter grew by 17.8% to ₹1,505.6 crore, and EBITDA rose by 18% to ₹125.3 crore. The company maintained its EBITDA margin at 8.3%, unchanged from the same period last year.
The sale of products for the quarter ended September 30, 2024, stood at ₹1,500.44 crore, reflecting a 17.8% year-on-year (YoY) growth compared to ₹1,273.46 crore in the same quarter last year. On a quarter-on-quarter (QoQ) basis, the sale of products saw a slight decline of 4.4% compared to ₹1,570.15 crore in Q1 FY25.
The net profit for the quarter was ₹903.42 crore, marking a 15.7% YoY increase from ₹780.54 crore in Q2 FY24. However, the net profit declined 1.3% QoQ, compared to ₹919.42 crore in Q1 FY25.
Additionally, the company declared an Interim Dividend of ₹2.50 per equity share (125%) for FY2024-2025, with the record date set for October 25, 2024. The dividend payout will result in an outgo of ₹47.01 crore.
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