Other income was up by 297% to Rs 1.51 crore. Interest costs was down by 28% to Rs 9.95 crore and depreciation was lower by 4% to Rs 33.49 crore thus resulted in PBT being up by 48% to Rs 48.85 crore. Total tax being up by 50% to Rs 16.90 crore, PAT before Share of Profits from Associates was up by 46% to Rs 31.95 crore. There was a loss of Rs 7.42 crore from share of associates for Sep'15 quarter as compared to profit of Rs 3.22 crore for Sep'14 quarter. The consolidated PAT for Sep'15 quarter stood at Rs 24.53 crore, down by 2% YoY.

Consolidated Performance for the 12 months ended June 2015

Supreme Industries reported consolidated net sales of Rs 1254.40 crore for 12 months ended June'15, up by 5% on YoY basis. OPM was down by about 40 bps to 13.7%, thus resulting in a 3% increase in OP to Rs 564.24 crore. Sale from construction business stood at Rs 102 crore for June'15 as compared to Rs 39.40 crore for 12 months ended June'14. Thus, OP including construction profit stood at Rs 666.24 crore, up by 13% YoY.

Other income was down by 24% to Rs 2.43 crore. Interest costs was down by 24% to Rs 57.96 crore and depreciation was up by 37% to Rs 138.96 crore thus resulted in PBT being up by 14% to Rs 471.75 crore. Total tax being up by 14% to Rs 160.04 crore, PAT before Share of Profits from Associates was up by 14% to Rs 311.71 crore. After profit of Rs 10.65 crore of profit from share of associates, consolidated PAT for 12 months ended June'15 stood at Rs 322.36 crore, up by 14% YoY.

The promoters holding in the company is at 49.71% and none of them are pledged.

Other developments

The company expects to incur a capex of about Rs 200 crore for 9 months ended FY'16. Management expects commercial production of new units to Kharagpur and Malanpur to commence from Nov'15 onwards.

The prices of raw material moved downwards during Sep'15 quarter. Management expects overall raw material prices to remain in range bound fluctuations and affordable.

The company has received its first export order of US $ 55000 of CPVC fire sprinkler system in Sep'15 quarter.

Also, the company expects to supply about 5000 pieces of Composite LPG cylinders to South Korea in Dec'15 quarter and expects tender from Government refineries for their requirement of about 8000-12000 pieces of composite cylinders in Dec'15 quarter.

The company expects to achieve volume growth of around 15-18% for 9 months ended FY'16.

The company shall be closing its year at March every year from now onwards. Consequently the current financial year shall be a period of 9 months only from 1^st July'15 to 31^st March 2016.