Supreme Petrochem Q2 Review - Revenue In Line, Higher Costs Impact Operating Performance: KRChoksey

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 Report.In Q2 FY22, Supreme Petrochem Ltd.’s revenue increased by 71.6% YoY to Rs 11,908 million mainly on account of low base. On sequential basis, revenue was up by 13.7%.Ebitda increased by 51.2% YoY but declined 10.8% QoQ as raw material cost was higher by 22.5% QoQ. Ebitda margin contracted by 406 bps QoQ and 199 bps YoY to 14.8%.Net Profit stood at Rs 1,271 million down by 13.1% QoQ, in line with lower Ebitda; however, on YoY basis net profit was up by 47.5%Demand remained buoyant; better realisations amidst rising crude prices:Revenue from operation beat our estimate by 3.9%. The surge in revenue was led by the pent-up demand from the end-user industries and better realisations amidst rising crude prices. Furthermore, with the shutdown of India's second-largest polystyrene (PS) producer, SPL has gained market share. Its position would strengthen further once the ongoing capex of 1,20,000 MT of PS/ Expandable Polystyrene (EPS) comes onstream..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 author entity 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.

Supreme Petrochem Q2 Review - Revenue In Line, Higher Costs Impact Operating Performance: KRChoksey

Supreme Petrochem Q2 Review - Revenue In Line, Higher Costs Impact Operating Performance: KRChoksey

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