{"id":139392,"date":"2023-01-27T07:26:48","date_gmt":"2023-01-27T12:26:48","guid":{"rendered":"https:\/\/44.250.171.167\/?p=139392"},"modified":"2023-04-25T08:26:06","modified_gmt":"2023-04-25T12:26:06","slug":"supreme-industries-limited-q3fy23-falling-margins-lead-to-fall-in-profits","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/supreme-industries-limited-q3fy23-falling-margins-lead-to-fall-in-profits\/","title":{"rendered":"Supreme Industries Limited Q3FY23; Falling Margins lead to fall in Profits"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\"><strong>Company Description:<\/strong><br><\/h5>\n\n\n\n<p>With numerous production sites dispersed around the nation, <a href=\"https:\/\/44.250.171.167\/symbol\/supremeind\/\" target=\"_blank\" rel=\"noreferrer noopener\">Supreme Industries<\/a> is one of the top producers of plastic goods in India. They provide a broad and complete selection of plastic items.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Management Commentary:<\/strong><br><\/h5>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201c<em>Plastics Pipe System business profitability continued to be impacted due to falling PVC prices till November, 2022. In December onwards, PVC prices started an upward march. The low prices of PVC along with re-stocking by the retail chain improved business substantially in December. Pipe system prices, in spite of increase in PVC prices remain affordable. Demand from Housing, Agriculture and Infrastructure is quite improving.\u00a0<\/em><\/p><p><em>Company has achieved 51% volume growth in the third quarter on a lower base of corresponding quarter in the previous year, as huge destocking took place in that quarter. For the nine month period ended December 2022, Piping business has witnessed volume growth of 48% which is very encouraging. PVC resin prices which have dropped by Rs. 66\/- per kg i.e 45% since April of this year till November have recovered again by Rs. 15\/- per kg. since then. It looks that prices of PVC would remain range bound which augurs well for the business. Company expects to maintain the growth momentum, with an increased range of systems which are commissioned in this year along with affordable raw material prices.<\/em>\u201d<\/p><cite>\u00a0&#8211; Mr. M. P. Taparia, Managing Director<\/cite><\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Financial Results for Q3FY23:<\/strong><br><\/h2>\n\n\n\n<p>Supreme Industries Ltd.\u2019s consolidated income in Q3FY23 rose 19% to \u20b9 2,319 crores. Consolidated Profit After Tax came at \u20b9 210 crores showcasing a 15% fall YoY over the corresponding period. In this quarter\u2019s results, the reports suggested that the reason behind the decreasing profitability is the falling PVC prices in the third quarter.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter\"><a href=\"https:\/\/lh5.googleusercontent.com\/f5tGHmX0P2EnaULcXh8ZtUFSH4h5biP5SG1AmECgd_alSrxK7CvR3J4SE9syU-8C-AX34M4mZNZscCnfHOKXEtNwA8YO0auhFQIikJGClBQ0iot93YSmr4lugHh_s7XLu0tw5KlXGPOIoRJxeFigCU4SadS61D1VjGpKkZQypkiG-mk1gvQdmjgbdVAz3g\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/f5tGHmX0P2EnaULcXh8ZtUFSH4h5biP5SG1AmECgd_alSrxK7CvR3J4SE9syU-8C-AX34M4mZNZscCnfHOKXEtNwA8YO0auhFQIikJGClBQ0iot93YSmr4lugHh_s7XLu0tw5KlXGPOIoRJxeFigCU4SadS61D1VjGpKkZQypkiG-mk1gvQdmjgbdVAz3g\" alt=\"\"\/><\/a><\/figure><\/div>\n\n\n\n<p>As displayed by the above diagram, despite the increasing revenues of the firm, profitability margins have decreased which resulted in the fall in profits on YoY basis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Company Description: With numerous production sites dispersed around the nation, Supreme Industries is one of the top producers of plastic goods in India. They provide a broad and complete selection of plastic items. Management Commentary: \u201cPlastics Pipe System business profitability continued to be impacted due to falling PVC prices till November, 2022. In December onwards, [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":139395,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[392,5753],"tags":[11397],"class_list":["post-139392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings","category-industrials","tag-plastics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-482986653.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170216,"url":"https:\/\/alphastreet.com\/india\/supreme-industries-q1-fy26-earnings-results\/","url_meta":{"origin":139392,"position":0},"title":"Supreme Industries Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 15, 2025","format":false,"excerpt":"Supreme Industries Limited is India\u2019s leading plastics product manufacturer, offering a wide and comprehensive range of plastic products in India. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products, Industrial Moulded Components, Moulded Furniture, Storage & Material Handling Products, Performance\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Supreme Industries Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-9.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-9.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-9.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-9.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-9.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/3-9.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171900,"url":"https:\/\/alphastreet.com\/india\/supreme-industries-q2-fy26-earnings-results\/","url_meta":{"origin":139392,"position":1},"title":"Supreme Industries Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 28, 2025","format":false,"excerpt":"Supreme Industries Limited is India\u2019s leading plastics product manufacturer, offering a wide and comprehensive range of plastic products in India. The company operates in various product categories viz. Plastic Piping System, Cross Laminated Films & Products, Protective Packaging Products, Industrial Moulded Components, Moulded Furniture, Storage & Material Handling Products, Performance\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Supreme Industries Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Supreme-Industries-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Supreme-Industries-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Supreme-Industries-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Supreme-Industries-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Supreme-Industries-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Supreme-Industries-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":160618,"url":"https:\/\/alphastreet.com\/india\/the-supreme-industries-limited-q4-fy24-earnings-conference-call-insights\/","url_meta":{"origin":139392,"position":2},"title":"The Supreme Industries Limited Q4 FY24 Earnings Conference Call Insights","author":"Praveen","date":"April 29, 2024","format":false,"excerpt":"Key highlights from The Supreme Industries Limited (SUPREMEIND) Q4 FY24 Earnings Concall Financial Performance Q4 net product turnover: INR2,979 crores, up 37% YoY. FY24 net product turnover: INR10,022 crores, up 11% YoY. Q4 consolidated operating profit: INR531 crores. Q4 consolidated profit after tax: INR355 crores. FY24 consolidated operating profit: INR1,654\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":176696,"url":"https:\/\/alphastreet.com\/india\/the-supreme-industries-limited-supremeind-q2-2025-earnings-call-transcript\/","url_meta":{"origin":139392,"position":3},"title":"The Supreme Industries Limited (SUPREMEIND) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"The Supreme Industries Limited (NSE: SUPREMEIND) Q2 2025 Earnings Call dated Oct. 22, 2024 Corporate Participants: M.P. Taparia \u2014 Managing Director P.C. Somani \u2014 Chief Financial Officer Analysts: Aasim Bharde \u2014 Analyst Rahul Agarwal \u2014 Analyst Shravan Shah \u2014 Analyst Utkarsh Nopany \u2014 Analyst Ritesh Shah \u2014 Analyst Keshav Lahoti\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136714,"url":"https:\/\/alphastreet.com\/india\/the-supreme-industries-limited-supremeind-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":139392,"position":4},"title":"The Supreme Industries Limited (SUPREMEIND) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 31, 2022","format":false,"excerpt":"The Supreme Industries Limited (NSE: SUPREMEIND) Q2 FY23 Earnings Concall dated Oct. 31, 2022 Corporate Participants: M.P. Taparia -- Managing Director P. C. Somani -- Chief Financial Officer Analysts: Sujit Jain -- ASK Investments -- Analyst Aasim Bharde -- DAM Capital -- Analyst Rahul Agarwal -- Incred Capital -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":136268,"url":"https:\/\/alphastreet.com\/india\/finolex-industries-ltd-finpipe-q2-fy23-earnings-concall-transcript\/","url_meta":{"origin":139392,"position":5},"title":"Finolex Industries Ltd (FINPIPE) Q2 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"October 25, 2022","format":false,"excerpt":"Finolex Industries Ltd (NSE:FINPIPE) Q2 FY23 Earnings Concall dated Oct. 25, 2022 Corporate Participants: Anil V. Whabi -- Managing Director Niraj Kedia -- Chief Financial Officer Analysts: Arun Baid -- ICICI Securities -- Analyst Rahul Agarwal -- InCred Capital -- Analyst Sonali Salgaonkar -- Jefferies Asia Equity Research -- Analyst\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=139392"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/139392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/139395"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=139392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=139392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=139392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}