Supreme Industries has reported its third quarter consolidated financial results, showing a decline in profitability compared to the same period last year. The company's performance reflects the challenging market conditions faced during the quarter.

Financial Performance Overview

The company's consolidated net profit for the third quarter stood at ₹153.00 crores, marking a notable decrease from the previous year's corresponding quarter performance.

Year-on-Year Comparison

The year-on-year comparison reveals a significant decline in the company's bottom-line performance. The consolidated net profit decreased by ₹37.00 crores, representing a 19.5% decline from the ₹190.00 crores reported in the third quarter of the previous fiscal year.

This performance indicates the impact of various market factors on the company's profitability during the reporting period. The decline in net profit suggests that the company faced headwinds in maintaining its previous year's profit margins.

Key Financial Highlights

The third quarter results demonstrate the following key aspects of Supreme Industries' financial performance:

• Consolidated net profit of ₹153.00 crores for the current quarter
• Previous year same quarter profit of ₹190.00 crores
• Year-on-year decline of 19.5% in consolidated net profit
• Absolute decrease of ₹37.00 crores in profit compared to Q3 of previous year

The reported figures reflect the company's consolidated performance, providing a comprehensive view of its overall business operations during the third quarter period.

Supreme Industries Ltd has announced securing a substantial repeat order from Bharat Petroleum Corporation Ltd (BPCL) for the supply of composite LPG cylinders. The company disclosed this development through a regulatory filing under SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Order Details and Specifications

Supreme Industries has received a Letter of Acceptance (LOA) from BPCL for the supply of approximately 2,00,000 units of 10.0 kg capacity composite LPG cylinders. This repeat order stems from Supreme Industries' original offer through a tender process initiated by BPCL.

Contract Terms and Timeline

The contract establishes a 6-month execution period from the date of LOA placement. BPCL retains the discretion to extend this timeline for an additional 6 months if required. This flexibility provides both parties with operational adaptability while ensuring timely delivery of the cylinders.

Market Performance and Financial Context

Ahead of the announcement, shares of Supreme Industries closed 0.69% lower at ₹3,327.90. The company has demonstrated strong operational performance with 8% growth in overall volumes during the first six months of the financial year and expects full-year volume growth in the range of 12-14%.

For the July-September quarter, net profit declined 20% year-on-year to ₹165.00 crore, while revenue rose 5% to ₹2,273.00 crore. The company has revised its guidance, raising Plastic & Furniture volume growth to 15-17% and overall volume growth to 14-15%, while maintaining its EBITDA margin guidance at 14.5-15.5%.

Regulatory Compliance and Business Impact

Supreme Industries confirmed that this order falls outside the purview of related party transactions. The company has no promoter, promoter group, or group company interests in BPCL. This ensures the transaction maintains arm's length principles and regulatory compliance.

This repeat order reinforces Supreme Industries' established relationship with BPCL and validates the quality of its composite LPG cylinder manufacturing capabilities. The ₹54.00 crore contract value represents a significant addition to the company's order book in the plastic products segment.