Supreme Industries shares dropped more than 5% after the company announced its Q2 FY25 results. Despite a rise in sales volume, the company’s revenue and profit decreased.
Supreme Industries’ revenue in Q2 FY25 was ₹2,273 crore, down 1.56% YoY from ₹2,308 crore in the same period last year. Revenue declined by 13.78% quarter over quarter.
The PAT for the quarter was ₹219.39 crore, down 15.61% YoY from ₹259.97 crore in Q2 FY24. The PAT margin dropped to 9.42% from 11.01% the previous year.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) fell by 10.43% YoY to ₹319 crore. The EBITDA margin also contracted to 14.03%.
As of 1:49 pm, Supreme Industries shares were trading 5.38% lower at Rs 4710.35 on the NSE.
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