Supreme Industries - Strong Beat On Margin Front In Q3: IDBI Capital
Fire retardant elastomeric Nitrile rubber tubing (NBR) for Pipe insulation manufactured by Supreme Industries Ltd. (Source: Company website)

Supreme Industries - Strong Beat On Margin Front In Q3: IDBI Capital

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

Supreme Industries Ltd.’s Q3 FY21 result was ahead of our and consensus estimates on all parameters.

Strong demand traction in agriculture segment led to healthy volume growth, while lower raw material cost aided operating margin improvement.

The company reported net sales of Rs 18.4 billion, increased by 34.3% YoY, while Ebitda came in at Rs 4 billion, a robust growth of 81.7% over Q3 FY20.

It reported net profit of Rs 3.1 billion, higher by 153% YoY.

Click on the attachment to read the full report:

IDBI Capital Supreme Industries Q3FY21 Result Update.pdf

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