The Supreme Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Half Year Ended December 31, 2011; Declares Interim Dividend for Financial Year 2011-12
January 25, 2012 at 01:22 pm IST
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The Supreme Industries Limited reported unaudited standalone and consolidated earnings results for the second quarter and half year ended December 31, 2011. For the quarter, on standalone basis, the company reported total income of INR 7,696.25 million compared to INR 5,852.07 million reported a year ago. Operating profit was INR 1,203.18 million against INR 815.59 million reported a year ago. Profit before interest, depreciation & tax was INR 1,214.58 million against INR 868.08 million for the same period a year ago. Profit before tax was INR 901.92 million against INR 612.12 million for the same period a year ago. Net profit after tax was INR 614.42 million or INR 4.84 per basic and diluted share compared to net profit after tax of INR 412.12 million or INR 3.24 per basic and diluted share reported a year ago. Basic and diluted cash earnings per share was INR 6.18 compared to 4.44 reported a year ago. Net sales were INR 7,611.66 million compared to INR 5,793.04 million reported a year ago.
For the half year, on standalone basis, the company reported total income of INR 12,707.95 million compared to INR 10,585.67 million reported a year ago. Operating profit was INR 1,914.74 million against INR 1,597.84 million reported a year ago. Profit before interest, depreciation & tax was INR 2,016.62 million against INR 1,682.27 million for the same period a year ago. Profit before tax was INR 1,399.25 million against INR 1,215.17 million for the same period a year ago. Net profit after tax was INR 974.25 million or INR 7.67 per basic and diluted share compared to net profit after tax of INR 815.17 million or INR 6.42 per basic and diluted share reported a year ago. Basic and diluted cash earnings per share was INR 10.36 compared to 8.73 reported a year ago. Net sales were INR 12,548.19 million compared to INR 10,498.02 million reported a year ago.
For the quarter, on consolidated basis, the company reported total income of INR 7,697.1 million compared to INR 5,852.83 million reported a year ago. Operating profit was INR 1,203.39 million against INR 815.51 million reported a year ago. Profit before interest, depreciation & tax was INR 1,214.8 million against INR 815.92 million for the same period a year ago. Profit before tax was INR 902.05 million against INR 559.87 million for the same period a year ago. Net profit after tax was INR 592.87 million or INR 4.67 per basic and diluted share compared to net profit after tax of INR 415.68 million or INR 3.27 per basic and diluted share reported a year ago. Basic and diluted cash earnings per share was INR 6.01 compared to 4.46 reported a year ago. Net sales were INR 7,612.51 million compared to INR 5,793.79 million reported a year ago.
For the half year, on consolidated basis, the company reported total income of INR 12,549.18 million compared to INR 10,499.52 million reported a year ago. Operating profit was INR 1,914.28 million against INR 1,597.68 million reported a year ago. Profit before interest, depreciation & tax was INR 1,935.14 million against INR 1,630.02 million for the same period a year ago. Profit before tax was INR 1,317.64 million against INR 1,162.75 million for the same period a year ago. Net profit after tax was INR 918.33 million or INR 7.23 per basic and diluted share compared to net profit after tax of INR 873.14 million or INR 6.87 per basic and diluted share reported a year ago. Basic and diluted cash earnings per share were INR 9.93 compared to 9.19 reported a year ago. Net sales were INR 12,708.94 million compared to INR 10,587.2 million reported a year ago.
The board of the company in its meeting on January 25, 2012 has declared interim dividend for the financial year 2011-12 at the rate of 75% that is INR 1.50 per share of INR 2 each and will be paid to the shareholders on the shares held as on the record date that is February 01, 2012.
The Supreme Industries Limited is a plastic products manufacturing company. The Company operates through four segments: Plastics piping products, Industrial products, Packaging products, and Consumer products. Its products are designed and manufactured in various groups, including Plastic Piping System, Consumer Products, Industrial Products and Packaging Products. Its Plastic Piping System division offers various products, including unplasticized poly vinyl chloride (uPVC) pipes, injection molded polyvinyl chloride (PVC) fittings and handmade fittings, high density polyethylene (HDPE) pipe systems and others. Its Consumer Products division is engaged in furniture. Its Industrial Products division offers industrial components, material handling system and pallets-roto molded crates, pallets and garbage bins and composite liquefied petroleum gas cylinders. It has approximately 28 manufacturing facilities spread across the country, offers range of plastic products in India.
the Supreme Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Half Year Ended December 31, 2011; Declares Interim Dividend for Financial Year 2011-12