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Supreme Petrochem Q1 Review - Numbers Mostly In Line, Modest Beat On Revenue Front: KRChoksey

Supreme Petrochem Q1 Review - Numbers Mostly In Line, Modest Beat On Revenue Front: KRChoksey

<div class="paragraphs"><p>Vapour rises from a petrochemical plant. (Photographer: Nathan Laine/Bloomberg)<br></p></div>
Vapour rises from a petrochemical plant. (Photographer: Nathan Laine/Bloomberg)

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.

KRChoksey Research Report

For Q1 FY22, Supreme Petrochem Ltd.’s revenue increased by a whopping 258.5% y-o-y to Rs 10,478 million mainly on account of low base and plant operations returning to normalcy as compared to a Covid-19 hit last year.

Ebitda has grown manifold, from a negative Rs 32 million in Q1 FY21 to Rs 1,974 million in Q1 FY22, however sequentially Ebitda saw a decline of 37.6%.

Ebitda margin expanded by 1993 basis points y-o-y to 18.8% on a negative base of last year.

Supreme Petrochem's net profit stood at Rs 1,463 million against a loss of Rs 119 million in the corresponding quarter of last year.

Click on the attachment to read the full report:

KRChoksey Supreme Petrochem Q1FY22 Result Update.pdf

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