Supreme Industries Q2 Results Live : Supreme Industries declared their Q2 results on 22 October 2024, revealing a challenging quarter with a topline decrease of 1.55% year-over-year. The company reported a profit decline of 15.05% compared to the same quarter last year.
In comparison to the previous quarter, the revenue took a significant hit, declining by 13.78%, while profit fell by 24.42%. These figures indicate a tough operating environment for the company.
The Selling, General & Administrative expenses showed a decline of 1.18% quarter-over-quarter but increased by 13.16% year-over-year, reflecting rising operational costs despite efforts to control expenses.
Operating income also faced challenges, down by 23.9% quarter-over-quarter and 19.35% year-over-year, highlighting the difficulties in maintaining profitability amid declining sales.
Earnings Per Share (EPS) for Q2 came in at ₹16.26, representing a 15.05% decrease year-over-year, further emphasizing the impact of declining profits on shareholder returns.
In the past week, Supreme Industries has delivered a return of -12.21%. However, over the last six months, the company managed to achieve an 8.06% return, while the year-to-date return stands at 1.1%. Currently, the market cap of Supreme Industries is ₹58,343.44 Cr, with a 52-week high of ₹6460 and a low of ₹3601.
As of 24 October 2024, out of 21 analysts covering the company, 3 have given a ‘Sell’ rating, 6 a ‘Hold’ rating, 6 a ‘Buy’ rating, and 6 a ‘Strong Buy’ rating. The consensus recommendation is to ‘Buy’, indicating a cautious optimism among analysts despite recent performance.
Additionally, the company has declared an interim dividend of ₹10.0. The record date for the dividend is set for 30 October 2024, with the ex-dividend date also on 30 October 2024, offering some return to shareholders amid the financial challenges.
Supreme Industries Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 2272.95 | 2636.35 | -13.78% | 2308.69 | -1.55% |
| Selling/ General/ Admin Expenses Total | 119.82 | 121.25 | -1.18% | 105.89 | +13.16% |
| Depreciation/ Amortization | 89.94 | 86.03 | +4.54% | 71.92 | +25.06% |
| Total Operating Expense | 2043.66 | 2335.05 | -12.48% | 2024.38 | +0.95% |
| Operating Income | 229.29 | 301.3 | -23.9% | 284.31 | -19.35% |
| Net Income Before Taxes | 269.53 | 356.94 | -24.49% | 319.48 | -15.63% |
| Net Income | 206.6 | 273.37 | -24.42% | 243.19 | -15.05% |
| Diluted Normalized EPS | 16.26 | 21.52 | -24.44% | 19.14 | -15.05% |
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