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Hot Pursuit News

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(19 Jan 2024, 15:11)

Supreme Petrochem Q3 PAT slides 24.67% YoY to Rs 68 cr

The petrochemical company reported 24.67% decline in net profit to Rs 67.67 crore in Q3 FY24 as against Rs 89.85 crore recorded in Q3 FY23.


Revenue from operations rose marginally to Rs 1,183.33 crore during the quarter as against Rs 1,177.39 crore posted in the similar quarter previous year.

Profit before tax stood at Rs 92.41 crore in Q3 FY24, down 23.9% from Rs 121.43 crore reported in Q3 FY23.

EBITDA was at Rs 94.9 crore in the third quarter of FY24, registering a de-growth of 20.4% from Rs 119.2 crore reported in Q3 FY23. EBITDA margin reduced to 7.99% in Q3 FY24 as compared to 10.10% recorded in the corresponding quarter previous year.

On 9-month basis, the company’s net profit tumbled by 36.5% to Rs 214.99 crore on 5.52% decline in revenue from operation to Rs 3,678.27 crore in 9M FY24 over 9M FY23.

Meanwhile, the board of directors of the company approved a capital investment to the extent of Rs 800...

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