1. Opening Hook
While most companies were praying for festive demand, Supreme Petrochem was praying for the monsoon to just stop raining on its EPS parade. The quarter looked more like a chemistry class gone wrong—raw material prices evaporated, processors destocked, and styrene sulked at $800/MT. But amidst this chaos, Supreme quietly birthed a shiny new ABS plant (finally), and CFO Rakesh Nayyar entered the battlefield with calm optimism and a ₹522 crore cash pile.
Grab your lab coats, because this one swings between polymer heartbreak and ABS rebirth.
2. At a Glance
- Revenue ₹1,100 Cr (↓27% YoY): CFO blamed the weather, trade wars, and maybe the stars.
- EBITDA ₹86 Cr (↓50% YoY): Margins slipped faster than crude prices.
- EBITDA Margin 7.8%: Efficiency went missing with the sun.
- PAT ₹48 Cr (↓60% YoY): Profit took a polymer bath.
- Volumes 76,962 tons: Even processors decided to ‘declutter’.
- Interim Dividend ₹2.5/share: Because nothing says optimism like cash-back during chaos.
3. Management’s Key Commentary
“Revenue drop is mainly due to lower styrene prices—$800 now vs $1,150 last year.”
(Translation: We didn’t sell less; the world just got cheaper 🫠.)
“Monsoon hit demand for cooling appliances, leading to destocking.”
(Translation: No one buys ACs in a flood, who knew?)
“ABS plant with Versalis tech is now live, trials ongoing.”
(Translation: We built it, now pray customers like it.)
“We remain debt-free with ₹522 crore investible surplus.”
(Translation: We’re rich, just not richer.)
“ABS Phase
