Supreme Infrastructure India Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
SUPREMEINF · price
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Supreme Infrastructure India Limited reported a steep standalone net loss of ₹34,072 lakhs in Q2 FY25 and ₹69,167 lakhs for H1 FY25, compared to a ₹55,556 lakhs loss in H1 FY24. Revenue from operations rose to ₹3,686 lakhs in H1 (up about 73% year-on-year) but fell 32% in Q2 alone to ₹1,019 lakhs. Finance costs were enormous at ₹65,601 lakhs for the half year, against negligible operating revenue. The company's accumulated losses stand at ₹6,05,617 lakhs, current liabilities exceed current assets by ₹7,13,068 lakhs, and equity is fully eroded (negative ₹5,49,386 lakhs). Two subsidiaries (SIBPL and SPITPL) entered insolvency, and ₹1,53,316 lakhs of corporate guarantees for group company borrowings remain unrecognised as liabilities. Auditors flagged a material uncertainty on going concern, though the NCLT approved a debt restructuring scheme on March 28, 2025 with over 92% lender support, offering a potential rescue path.
This is a deeply distressed company with wiped-out equity, NPA-classified loans, and subsidiaries in insolvency — shareholders face extreme risk and recovery depends almost entirely on successful execution of the NCLT-approved restructuring scheme. The stock remains highly speculative and could face further re-rating pressure.