Supreme Infrastructure India Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
SUPREMEINF · price
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On the reaction day the stock moved 3.6 pts more than Nifty Microcap 250 and 3.9 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Supreme Infrastructure India Limited reported deeply negative results for Q3 and 9M FY25, with a standalone net loss of ₹36,186.51 lakhs in Q3 and ₹1,05,353.58 lakhs for the nine months, against minimal revenue of ₹714.85 lakhs and ₹4,400.63 lakhs respectively. Finance costs alone of ₹35,452 lakhs in Q3 dwarfed operating revenue, and accumulated losses stood at roughly ₹6.41 lakh crore (₹6,41,803.78 lakhs) with other equity at negative ₹4.83 lakh crore, meaning net worth is fully eroded. The joint auditors issued a modified (qualified) review conclusion flagging long-pending trade receivables of ₹75,881 lakhs, unrecoverable investments in two erstwhile subsidiaries (SIBPL and SPITPL, both under insolvency), and non-compliance with annual filing requirements. An explicit 'Material Uncertainty Related to Going Concern' paragraph was included, though management relies on a Scheme of Arrangement approved by NCLT Mumbai on March 28, 2025 to continue on a going-concern basis.
This is a deeply distressed company with fully eroded net worth, mounting losses, and material going-concern uncertainty. Shareholders face significant risk: stock is highly speculative, recovery depends entirely on successful implementation of the NCLT-approved debt restructuring scheme and promoter equity infusion, and any failure could lead to further insolvency proceedings.