Supreme Petrochem Limited has informed the Exchange about Transcript
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Supreme Petrochem reported Q1 FY26 operating income of ~Rs. 1,386 crores, down 12% year-on-year, mainly due to a sharp fall in styrene monomer (SM) prices from ~$1,150 to ~$1,000. Operating EBITDA declined 29% YoY to ~Rs. 115 crores with margins at 9.36%, while net profit stood at ~Rs. 81 crores. Sales volume rose marginally by 0.5% to 93,853 MT, but unseasonal rains and weak summer hurt OEM demand for ACs and refrigerators. The company guided for 12% volume growth in FY26 (including ABS) and expects ABS Phase 1 to commence commercial operations by end of August 2025, with utilisation of 50-60% in the first six months and 80%+ in FY27. Xmold Polymers acquisition was completed during the quarter, integration is underway, and the company remains debt-free with Rs. 700+ crores in cash surplus.
Weak Q1 results reflect margin pressure from falling SM prices and soft OEM demand, but management's confident FY26 volume guidance, upcoming ABS commercialisation, and strong cash position (Rs. 700+ crores, debt-free) provide a positive medium-term outlook for shareholders.