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Results
31-Oct-22
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Analysis
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Supreme Industries
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Plastic piping segment PBIT margin was down 1340 bps to 1.9%
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Supreme
Industries consolidated net sales increased 8.20% to Rs 2086.6 crore in Q2FY23
compared to Q2FY22. Sales of Plastics
Piping Products segment has gone up 2.16% to Rs 1,294.71 crore (accounting for
62.05% of total sales). Sales of
Industrial Products segment has gone up 32.38% to Rs 334.86 crore (accounting
for 16.05% of total sales). Sales of
Packing Products segment rose 18.23% to Rs 327.82 crore (accounting for 15.71%
of total sales). Sales of Consumer
Products segment has gone up 0.67% to Rs 111.91 crore (accounting for 5.36% of
total sales). Sales of Others segment
has gone down 12.89% to Rs 17.30 crore (accounting for 0.83% of total
sales).
Operating
profit margin has declined from 16.12% to 7.05%, leading to 52.66% decline in
operating profit to Rs 147.13 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
67.50% to 75.38%. Purchase of finished
goods cost rose from 1.57% to 1.76%.
Employee cost decreased from 4.41% to 4.16%. Other expenses rose from 10.71% to
11.75%. Power and Oil fuel cost rose
from 2.88% to 3.11%.
Other
income rose 34.96% to Rs 5.52 crore.
PBIDT fell 51.52% to Rs 152.65 crore.
Provision for interest rose 76.47% to Rs 1.2 crore.
PBDT
fell 51.80% to Rs 151.45 crore.
Provision for depreciation rose 13.51% to Rs 64.85 crore.
Profit
before interest, tax and other unallocable items (PBIT) has slumped 65.85% to
Rs 88.23 crore. PBIT of Plastics Piping
Products segment fell 87.23% to Rs 24.77 crore (accounting for 28.07% of total
PBIT). PBIT of Industrial Products
segment rose 55.28% to Rs 29.83 crore (accounting for 33.81% of total
PBIT). PBIT of Packing Products segment
fell 16.37% to Rs 21.31 crore (accounting for 24.15% of total PBIT). PBIT of Consumer Products segment fell 11.31%
to Rs 15.52 crore (accounting for 17.59% of total PBIT). PBIT of Others reported loss of Rs 3.20 crore
compared to profit of Rs 2.15 crore.
PBIT
margin of Plastics Piping Products segment fell from 15.31% to 1.91%. PBIT margin of Industrial Products segment
rose from 7.59% to 8.91%. PBIT margin of
Packing Products segment fell from 9.19% to 6.50%. PBIT margin of Consumer Products segment fell
from 15.74% to 13.87%. PBIT margin of
Others segment fell from 10.83% to 18.50%.
Overall PBIT margin fell from 13.40% to 4.23%.
Profit
before tax down 66.31% to Rs 86.60 crore.
Share of profit/loss was 52.54% lower at Rs 18.56 crore. Provision for tax was expense of Rs 23.14
crore, compared to Rs 67.47 crore.
Effective tax rate was 22.00% compared to 22.78%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company decreased 64.14% to Rs
82.02 crore.
Equity
capital stood at Rs 25.41 crore as of 30 September 2022 to Rs 25.41 crore as of
30 September 2021. Per share face Value
remained same at Rs 2.00.
Promoters’
stake was 48.85% as of 30 September 2022 ,compared to 48.85% as of 30 September
2021 .
For year-to-date (YTD)
results analysis
Net
sales of Supreme Industries have increased 31.25% to Rs 4292.58 crore. Sales of Plastics Piping Products segment has
gone up 31.44% to Rs 2,758.05 crore (accounting for 64.25% of total
sales). Sales of Industrial Products
segment has gone up 41.00% to Rs 637.12 crore (accounting for 14.84% of total
sales). Sales of Packing Products
segment rose 25.46% to Rs 654.15 crore (accounting for 15.24% of total sales). Sales of Consumer Products segment has gone
up 30.10% to Rs 207.68 crore (accounting for 4.84% of total sales). Sales of Others segment has gone down 9.65%
to Rs 35.58 crore (accounting for 0.83% of total sales).
Operating
profit margin has declined from 16.29% to 9.69%, leading to 21.91% decline in
operating profit to Rs 416.04 crore. Raw
material cost as a % of total sales (net of stock adjustments) increased from
67.02% to 73.50%. Purchase of finished
goods cost fell from 1.73% to 1.63%.
Employee cost decreased from 4.81% to 4.17%. Other expenses fell from 11.08% to
11.01%. Power and Oil fuel cost fell
from 2.91% to 2.85%.
Other
income rose 19.74% to Rs 10.07 crore.
PBIDT fell 21.27% to Rs 426.11 crore.
Provision for interest rose 0.71% to Rs 2.83 crore.
PBDT
fell 21.38% to Rs 423.28 crore.
Provision for depreciation rose 11.75% to Rs 126.53 crore.
Profit
before interest, tax and other unallocable items (PBIT) has slumped 29.79% to
Rs 301.43 crore. PBIT of Plastics Piping
Products segment fell 46.61% to Rs 179.18 crore (accounting for 59.44% of total
PBIT). PBIT of Industrial Products
segment rose 76.31% to Rs 55.38 crore (accounting for 18.37% of total
PBIT). PBIT of Packing Products segment
rose 3.43% to Rs 44.08 crore (accounting for 14.62% of total PBIT). PBIT of Consumer Products segment rose 46.41%
to Rs 26.53 crore (accounting for 8.80% of total PBIT). PBIT of Others reported loss of Rs 3.74 crore
compared to profit of Rs 1.59 crore.
PBIT
margin of Plastics Piping Products segment fell from 15.99% to 6.50%. PBIT margin of Industrial Products segment
rose from 6.95% to 8.69%. PBIT margin of
Packing Products segment fell from 8.17% to 6.74%. PBIT margin of Consumer Products segment rose
from 11.35% to 12.77%. PBIT margin of
Others segment fell from 4.04% to 10.51%.
Overall PBIT margin fell from 13.13% to 7.02%.
Profit
before tax down 30.20% to Rs 296.75 crore.
Share of profit/loss was 9% lower at Rs 76.56 crore. Provision for tax was expense of Rs 77.44
crore, compared to Rs 110.43 crore.
Effective tax rate was 20.74% compared to 21.68%.
Minority
interest was nil in both the periods.
Net profit attributable to owners of the company decreased 25.82% to Rs
295.87 crore.
Equity
capital stood at Rs 25.41 crore as of 30 September 2022 to Rs 25.41 crore as of
30 September 2021. Per share face Value
remained same at Rs 2.00.
Promoters’
stake was 48.85% as of 30 September 2022 ,compared to 48.85% as of 30 September
2021.
The
stock trades at Rs 2171.
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Supreme
Industries: Consolidated Result
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Particulars
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2209 (03)
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2109 (03)
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Var. (%)
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2209 (06)
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2109 (06)
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Var. (%)
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2203 (12)
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2103 (12)
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Var. (%)
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Sales
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2086.60
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1928.54
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8
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4292.58
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3270.68
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31
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7772.82
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6355.20
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22
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OPM (%)
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7.1
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16.1
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9.7
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16.3
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16.0
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20.1
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OP
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147.13
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310.79
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-53
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416.04
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532.80
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-22
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1242.11
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1279.18
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-3
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Profit from construction
business
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0.0
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0.0
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0.0
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0.0
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0.00
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5.00
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OP including construction
business
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147.13
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310.79
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-53
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416.04
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532.80
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-22
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1242.11
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1284.18
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-3
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Other inc.
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5.52
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4.09
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35
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10.07
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8.41
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20
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19.95
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16.89
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18
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PBIDT
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152.65
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314.88
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-52
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426.11
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541.21
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-21
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1262.06
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1301.07
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-3
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Interest
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1.20
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0.68
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76
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2.83
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2.81
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1
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5.15
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22.05
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-77
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PBDT
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151.45
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314.20
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-52
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423.28
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538.40
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-21
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1256.91
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1279.02
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-2
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Dep.
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64.85
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57.13
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14
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126.53
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113.23
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12
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229.52
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212.79
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8
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PBT before Share of
profit of Associates
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86.60
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257.07
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-66
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296.75
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425.17
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-30
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1027.39
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1066.23
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-4
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Share of profit of
Associates
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18.56
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39.11
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-53
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76.56
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84.13
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-9
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204.39
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145.99
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40
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PBT before EO
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105.16
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296.18
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-64
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373.31
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509.30
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-27
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1231.78
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1212.22
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2
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EO
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0.00
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0.00
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0.00
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0.00
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0.00
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0.00
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PBT after EO
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105.16
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296.18
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-64
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373.31
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509.30
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-27
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1231.78
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1212.22
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2
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Total Tax
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23.14
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67.47
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-66
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77.44
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110.43
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-30
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263.33
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234.08
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12
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PAT
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82.02
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228.71
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-64
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295.87
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398.87
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-26
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968.45
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978.14
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-1
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EPS (Rs) *
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#
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#
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#
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#
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76.2
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77.0
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* Annualised on
current equity of Rs 25.41 crore. Face Value: Rs 2 each
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# EPS not
annualised due to seasonality of business
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EO: Extra
Ordinary items, EPS is calculated after excluding EO and relevant tax
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Figures in Rs
crore, Var (%) exceeding 999 is restricted to 999
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Source:
Capitaline Database
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Supreme Industries : Consolidated Segment Results
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% of (Total)
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2209 (03)
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2109 (03)
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Var.(%)
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% of (Total)
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2209 (06)
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2109 (06)
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Var.(%)
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% of (Total)
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2203 (12)
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2103 (12)
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Var.(%)
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Sales
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Plastics Piping Products
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62
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1,294.71
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1267.28
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2
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64
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2,758.05
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2098.33
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31
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65
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5,045.99
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4,098.79
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23
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Industrial Products
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16
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334.86
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252.95
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32
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15
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637.12
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451.87
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41
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13
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1,023.67
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761.12
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34
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Packing Products
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16
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327.82
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277.28
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18
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15
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654.15
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521.41
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25
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16
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1,210.11
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1,035.06
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17
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Consumer Products
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5
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111.91
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111.17
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1
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5
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207.68
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159.63
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30
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5
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405.09
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354.21
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14
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Others
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1
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17.3
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19.86
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-13
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1
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35.58
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39.38
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-10
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1
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87.96
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106.02
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-17
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Total Reported Sales
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100
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2,086.60
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1,928.54
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8
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100
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4,292.58
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3,270.62
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31
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100
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7,772.82
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6,355.20
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22
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PBIT
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Plastics Piping Products
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28
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24.77
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194.02
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-87
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59
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179.18
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335.58
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-47
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76
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783.88
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821.29
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-5
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Industrial Products
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34
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29.83
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19.21
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55
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18
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55.38
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31.41
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76
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8
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85.26
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63.46
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34
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Packing Products
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24
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21.31
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25.48
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-16
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15
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44.08
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42.62
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3
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10
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100.91
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124.59
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-19
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Consumer Products
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18
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15.52
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17.5
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-11
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9
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26.53
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18.12
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46
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5
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54.07
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59.66
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-9
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Others
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-4
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-3.2
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2.15
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-249
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-1
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-3.74
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1.59
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-335
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1
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8.45
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24.23
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-65
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Total PBIT
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100
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88.23
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258.36
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-66
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100
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301.43
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429.32
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-30
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100
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1,032.57
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1,093.23
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-6
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Less : Interest
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1.2
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0.68
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76
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2.83
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2.81
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1
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5.15
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22.05
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-77
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Add: Other un-allcoable
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18.13
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38.5
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-53
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74.71
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82.79
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-10
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204.36
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141.04
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45
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PBT
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105.16
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296.18
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-64
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373.31
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509.3
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-27
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1,231.78
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1,212.22
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2
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Previous News |
Supreme Industries
(
Results
-
Analysis
28-Jul-23
23:58
)
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Supreme Industries consolidated net profit rises 196.50% in the September 2023 quarter
(
Results
-
Announcements
30-Oct-23
13:45
)
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Supreme Industries to conduct AGM
(
Corporate News
-
30-Apr-22
16:09
)
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Supreme Industries consolidated net profit declines 14.52% in the December 2022 quarter
(
Results
-
Announcements
24-Jan-23
14:24
)
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Supreme Industries
(
Analyst Meet / AGM
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Conference Call
28-Jul-23
23:19
)
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Supreme Industries
(
Results
-
Analysis
24-Jan-22
17:55
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Supreme Industries
(
Analyst Meet / AGM
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Conference Call
24-Jan-22
19:09
)
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Board of Supreme Industries recommends Final Dividend
(
Corporate News
-
30-Apr-22
10:17
)
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Supreme Industries to declare Quarterly Result
(
Corporate News
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15-May-20
09:55
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Supreme Industries fixes record date for payment of interim dividend
(
Market Beat
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Reports
17-Oct-18
12:03
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Supreme Industries tumbles after PAT degrows 21% YoY in Q3
(
Hot Pursuit
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24-Jan-22
14:37
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