Supreme Petrochemicals, India's leading polystyrene manufacturer, reported Q1 FY2024 results with revenue at ₹1,386.54 crore, down 11.88% YoY. Net profit decreased to ₹80.92 crore from ₹121.94 crore last year. Despite challenges, the company saw a slight increase in sales volume. Key developments include the commencement of pre-commissioning activities for their ABS project and the completion of Xmold Polymers acquisition. The company is focusing on capacity-led growth, expanding production lines, and implementing cost efficiency measures. A 12.5 MW solar power plant has been set up to support sustainability initiatives.
23Jul 25
Supreme Petrochem Advances ABS Project with Pre-Commissioning Approval
Supreme Petrochemicals Ltd (SPL) has received approval to start pre-commissioning activities for the first line of its Acrylonitrile Butadiene Styrene (ABS) project. The 70,000 MTA capacity project, set up under M/S Versalis' license, is expected to begin commercial production in Q2 FY2025-26. This marks SPL's entry into ABS production with India's first continuous production process, offering benefits like improved consistency and quality. The company remains debt-free with an investable surplus of ₹713.00 crore, positioning it well for this expansion despite current market challenges.
23Jul 25
Supreme Petrochemicals Reports Rs 809 Crore Net Profit in Q1, ABS Project Nears Completion
Supreme Petrochemicals announced Q1 FY24 results with standalone revenue of Rs 1,38,654.29 lakhs and net profit of Rs 8,092.24 lakhs, showing a decline from the previous year due to lower styrene monomer prices and weak demand. Despite challenges, sales volume increased to 93,853 MT. The company's ABS project is progressing with pre-commissioning activities started for the first 70,000 TPA capacity line, expected to begin commercial operations in Q2. Supreme Petrochemicals also completed the acquisition of Xmold Polymers Private Limited.
Supreme Petrochem: Q4 PAT Down 18.71% YoY, Declares ₹7.5 Dividend
Supreme Petrochem Ltd reported Q4 FY25 revenue of ₹1540.00 crore, down 1.28% YoY, and PAT of ₹106.90 crore, down 18.71% YoY but up 49.72% QoQ. FY25 revenue increased by 14.66% to ₹6023.40 crore, with net profit up 12.70% to ₹390.50 crore. The company recommended a final dividend of ₹7.50 per share. Their ABS project faces delays, with completion expected by May 2025. Supreme Petrochem also acquired an 80% stake in Xmold Polymers Private Limited for ₹39.27 crore, making it a subsidiary.
18Apr 25
Supreme Petrochem Acquires 80% Stake in Xmold Polymers, Plans Full Takeover
Supreme Petrochem Ltd (SPL) has acquired an 80% stake in Xmold Polymers Pvt. Ltd, purchasing 1,737,450 equity shares on April 17, 2025. SPL plans to acquire the remaining 20% by March 2027, aiming for a complete takeover. This strategic move is part of SPL's expansion plans in the polymer industry, potentially enhancing its product portfolio and market share in the petrochemical sector.
19Mar 25
Supreme Petrochem Expands Polymer Compounding Business with Xmold Polymers Acquisition
Supreme Petrochem Ltd (SPL) is set to acquire 100% equity of Xmold Polymers Pvt. Ltd. for ₹397.60 million. The acquisition will be completed in two phases over two years, with an initial 80% stake purchase followed by the remaining 20%. This strategic move aims to expand SPL's presence in the polymer compounding market, particularly in Southern India, and diversify its customer base in the automobile and appliance segments. Xmold Polymers, with a 15,000 TPA capacity facility, reported a turnover of ₹73.79 crores in 2023-24.