SPLPETRO · Chemicals
Supreme Petrochem Ltd. reported revenue of ₹1,265 cr for October to December 2025, −10.0% on the year and +15.0% on the quarter. Over the last four quarters revenue comes to ₹5,291 cr, −12.5% on the four before.
Operating profit (EBITDA) was ₹69.0 cr, a margin of 5.5%, −159 bps on the year and −164 bps on the quarter. It is the narrowest margin of the last 8 quarters (range 5.5% to 11.2%). Operating costs grew −8.4%, faster than revenue at −10.0%, so operating profit grew less than sales.
Net profit was ₹30.0 cr, −57.7% on the year and −37.5% on the quarter, with earnings per share of ₹1.60. Profit before other income, one-offs and tax grew faster, at −51.9%; other income, one-offs or tax held the headline back. The tax rate of 25% is in line with its recent average. Profit over the last four quarters totals ₹266 cr, −35.9% on the four before.
Speciality chemicals are read on volumes and pricing, with Chinese supply a recurring swing factor; inventory destocking can hit a quarter without a change in demand. The quarterly statements do not carry volumes against prices, capacity utilisation and new molecules; those come with the filing read.
On earnings per share of ₹14.14 over the last four quarters, the stock at ₹675.10 trades at 47.7 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Operating margin slipped on the year.
Source: Quarterly statements
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,278 cr | ₹1,188 cr | ₹1,563 cr | ₹1,573 cr | ₹1,506 cr | ₹1,405 cr | ₹1,539 cr | ₹1,387 cr | ₹1,100 cr | ₹1,265 cr | ₹1,587 cr | ₹1,693 cr |
| YoY | — | — | — | +28% | +18% | +18% | −2% | −12% | −27% | −10% | +3% | +22% |
| EBITDA margin | 8.3% | 8.0% | 11.2% | 10.2% | 8.3% | 7.0% | 9.4% | 8.3% | 7.1% | 5.5% | 15.9% | 19.6% |
| Other income, % of PBT | 15% | 17% | 11% | 14% | 14% | 18% | 13% | 14% | 14% | 5% | 3% | 5% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 26% | 27% | 26% | 26% | 26% | 26% | 25% | 25% | 26% | 25% | 27% | 25% |
| Net profit | ₹78.0 cr | ₹68.0 cr | ₹132 cr | ₹122 cr | ₹90.0 cr | ₹71.0 cr | ₹107 cr | ₹81.0 cr | ₹48.0 cr | ₹30.0 cr | ₹168 cr | ₹236 cr |
| YoY | — | — | — | +77% | +15% | +4% | −19% | −34% | −47% | −58% | +57% | +191% |
| Core profit YoY | — | — | — | +86% | +17% | +4% | −22% | −33% | −47% | −52% | +78% | +219% |
| EPS | ₹4.15 | ₹3.60 | ₹6.99 | ₹6.49 | ₹4.80 | ₹3.79 | ₹5.68 | ₹4.30 | ₹2.56 | ₹1.60 | ₹8.94 | ₹12.57 |
| Flags | · | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Supreme Petrochem Ltd. reported revenue of ₹1,265 cr (−10.0% on the year) and net profit of ₹30.0 cr (−57.7% on the year) for October to December 2025.
Profit before other income, exceptional items and tax moved −51.9% on the year, against −57.7% for reported profit.
None of the 7 checks that could run raised a question.
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