Supreme Petrochem Ltd (SPL) is a petrochemical company engaged in the business of manufacturing Polystyrene, Compounds of Styrenics and other Polymers. Presenting below are its Q2 FY26 earnings results.
Q2 FY26 Earnings Results
Revenue from Operations: ₹1,100 crore, down 26.9% YoY from ₹1,504 crore in Q2 FY25.
EBITDA: ₹77.6 crore, down 38% YoY from ₹125.2 crore.
EBITDA Margin: 7.1%, down from 8.3% YoY.
Profit Before Tax (PBT): ₹65.14 crore, down 46.6% YoY.
Profit After Tax (PAT): ₹48.2 crore, down 46.7% YoY from ₹90.3 crore.
EPS (Diluted): ₹2.57, down 46.5% YoY.
Sales Volume: 76,962 MT, down from 81,566 MT YoY.
Dividend Declared: Interim dividend of ₹2.5 per share, record date October 31, 2025.
ABS Project: Commissioned 70,000 TPA ABS production line in Maharashtra; further expansion in ABS compounding.
Management Commentary & Strategic Decisions
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Management attributed the revenue and EBITDA decline to weak demand from OEMs, especially cooling appliance makers, adverse impact of extended monsoon, and price corrections in styrene monomer (a key raw material).
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GST rate reductions and festive demand led to deferred purchases across product categories.
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Business activities in export markets, especially the US and Europe, were subdued due to tariffs and destocking by processors.
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Despite operational challenges, the company commissioned its major ABS plant and continued expansion in value-added compounds.
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Supreme Petrochem aims to leverage ABS expansion to drive future domestic and export growth, targeting a volume uptick of 13–14% for FY26.
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Management remains confident about recovery prospects, focus on value-added products, and maintaining healthy shareholder returns via dividends.
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The interim dividend demonstrates Supreme Petrochem’s commitment to returning cash to shareholders, even in a challenging quarter.
Q1 FY26 Earnings Results
Revenue from Operations: ₹1,386.5 crore, down 10% YoY from ₹1,539 crore in Q1 FY25.
EBITDA: ₹115 crore, down 21% YoY.
EBITDA Margin: 8.3%.
PAT: ₹80.9 crore, down 24% YoY from ₹106.4 crore.
Sales Volume: 93,853 MT, up marginally from 93,323 MT in Q1 FY25.
Styrene Monomer Prices: Down YoY, resulted in lower revenue despite stable sales volume.
Operational Update: Acquisition of Xmold Polymers, integration underway.
ABS Project: Pre-commissioning activities in Q1; commercial operations started in Q2.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.