KRChoksey: Supreme Petrochem’s Q1 Volumes Get Severely Hit By Covid-19

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..KRChoksey Report.Supreme Petrochem Ltd.’s first quarter revenue from operations decreased by 62.1% YoY (- 55.9+% QoQ) to Rs 29,227 lakh.Gross Profit Margin contracted 391 basis points/322 basis points YoY/QoQ to 11.7% in Q1 FY21 from 15.6% in Q1 FY20 and 14.9% in Q4 FY20.Ebitda turned negative for the quarter and stood at Rs 319 Lakh versus Rs 5,934 Lakh in Q1 FY20 and Rs 3,918 Lakh in Q4 FY20.The business was impacted due to Covid-19 pandemic and the ensuing lockdown that followed. Domestic volumes shrunk to 38% of the volumes in the corresponding quarter of the previous year.On exports front, the company performed well. Including exports, the company could sell only 53% of the total volumes in the corresponding quarter of the previous year.Company continues to face challenges with regards to labor shortages and restrictions on full fledged operations in some regions. It is currently operating at 70% utilization levels..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

KRChoksey: Supreme Petrochem’s Q1 Volumes Get Severely Hit By Covid-19

KRChoksey: Supreme Petrochem’s Q1 Volumes Get Severely Hit By Covid-19

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