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Supreme Industries conducted conference call on 23 July 2024 to discuss the financial results and performance of the company for the quarter ended June’24. Mr. M. P. Taparia- Managing Director, Mr. P.C. Somani- Chief Financial Officer (CFO) and Mr. R.J. Saboo – VP (Corporate Affairs and Company Secretary) of the company addressed the Concall.
Highlights of the Concall
- The company has a total cash surplus of Rs. 1245 crore as on 30th June, 2024 as against cash surplus of Rs. 1178 crore as on 31st March, 2024.
- The overall turnover of value-added products increased to Rs. 925 crore during the current quarter as compared to Rs. 756 crore in the corresponding quarter of previous year.
- Polymer prices remained range bound during the quarter, except for the prices of PVC resin which increased by about Rs. 13 per kg., an increase of about 15%. However PVC resin prices started showing a declining trend from 2nd week of July onwards. Thus, the...
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