Revenue from operations was at Rs 1,221.48 crore in the quarter ended 30 June 2022, declining 17.7% from Rs 1,484.18 crore reported in Q1 FY23.

Profit before tax dropped 62.9% to Rs 93.58 crore in Q1 FY24 as compared to Rs 252.32 crore posted in Q1 FY23.

EBITDA stood at Rs 90.5 crore in the first quarter of FY24, registering a de-growth of 64% from Rs 251.7 crore reported in Q1 FY23. EBITDA margin reduced to 7.39% in Q1 FY24 as against 16.94% recorded in the corresponding quarter previous year.

Supreme Petrochem (SPL) manufactures polystyrene, expandable polystyrene and extruded polystyrene. It has a polystyrene manufacturing plant at Nagothane in Raigad, Maharashtra. Apart from the primary business of polystyrene and expandable polystyrene production, SPL imports styrene monomer and trades in the domestic market.