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