Financial Performance - Q1 FY27 (Standalone)

Revenue & Profitability:

  • Revenue from Operations: INR 16,927 Mn (22.1% YoY growth from INR 13,865 Mn in Q1 FY26; 6.7% QoQ growth from INR 15,870 Mn in Q4 FY26)
  • Operating EBITDA: INR 3,305 Mn (significant improvement from INR 1,147 Mn in Q1 FY26; 30.5% QoQ growth from INR 2,532 Mn in Q4 FY26)
  • Operating EBITDA Margins: 19.53% (vs 8.27% in Q1 FY26 and 15.95% in Q4 FY26)
  • Other Income: INR 174 Mn (15.2% YoY growth from INR 151 Mn; 64.2% QoQ growth from INR 106 Mn)
  • Total EBITDA*: INR 3,479 Mn (vs INR 1,298 Mn in Q1 FY26; 31.9% QoQ growth from INR 2,638 Mn in Q4 FY26)
  • Total EBITDA Margins: 20.34% (vs 9.26% in Q1 FY26 and 16.51% in Q4 FY26)
  • PBT: INR 3,169 Mn (vs INR 1,086 Mn in Q1 FY26; 38.3% QoQ growth from INR 2,292 Mn in Q4 FY26)
  • Tax Expense: INR 806 Mn (vs INR 277 Mn in Q1 FY26; 31.7% QoQ growth from INR 612 Mn in Q4 FY26)
  • PAT: INR 2,363 Mn (192% YoY growth from INR 809 Mn in Q1 FY26; 40.7% QoQ growth from INR 1,680 Mn in Q4 FY26)
  • PAT Margins: 13.96% (813 basis points improvement from 5.83% in Q1 FY26; 337 basis points improvement from 10.59% in Q4 FY26)
  • Diluted EPS: INR 12.57 (vs INR 4.30 in Q1 FY26; 40.6% QoQ growth from INR 8.94 in Q4 FY26)
  • Nominal Value per Share: INR 2 (unchanged)

Cost Structure:

  • Total Expenses (including stock-in-trade): INR 13,622 Mn (7.1% YoY growth from INR 12,718 Mn; 2.1% QoQ growth from INR 13,338 Mn)
  • Depreciation and Amortization: INR 276 Mn (51.6% YoY growth from INR 182 Mn; unchanged QoQ)
  • Finance Costs: INR 34 Mn (13.3% YoY growth from INR 30 Mn; 17.1% QoQ decrease from INR 41 Mn)
  • Exceptional Items: None in Q1 FY27 (vs INR 29 Mn in Q4 FY26)

Operational Highlights - Q1 FY27

Challenges & Market Conditions:

  • Closure of Strait of Hormuz due to West Asia war resulted in complete stoppage of liquid and container cargo from Gulf
  • All three Styrene Plants in the region (traditional suppliers) shut down operations for safety reasons
  • Company established alternate supply arrangements to fulfill domestic customer requirements
  • Exports were suspended due to: non-availability of styrene for exports, significant freight rate increases, reduced shipping capacity availability, and increased voyage time
  • International styrene monomer prices remained elevated, briefly softening towards quarter-end before increasing again due to renewed hostilities
  • Delta between styrene monomer and polystyrene improved significantly in international markets
  • Sharp price increases resulted in subdued demand from non-OEM customers
  • Suspension of import duties on commodity polymers led to increased imports affecting local producers

Operational Metrics:

  • Total Sales Volume: 70,842 MT (24.5% decrease from 93,853 MT in Q1 FY26)
  • Capacity Expansion: EPS 2nd phase expansion completed
  • Ongoing Expansions: XPS production capacity expansion from 72,000 cu meters to 122,000 cu meters initiated; Compounding production capacity expansion from 50,000 TPA to 80,000 TPA initiated
  • New Project: Board approved new 80,000 TPA Polystyrene line at Amdoshi Complex, Maharashtra, to be completed by March 2029, increasing total polystyrene capacity to 380,000 TPA

Company Overview & Capacity

Manufacturing Facilities:

1. Amdoshi, Taluka Roha, Maharashtra: Installed capacity of 533,000 TPA for various polymers

  • Polystyrene (GPPS and HIPS): 300,000 TPA
  • ABS: 70,000 TPA
  • XPS: 72,000 m³
  • Compounds of Polymers
  • Extruded Polystyrene

2. Manali New Town, Chennai, Tamil Nadu: EPS with installed capacity of 33,000 TPA

Sustainability Initiative:

  • 12.5 MW solar power plant in joint venture with Tata Renewable Energy Ltd
  • Rooftop solar power plant
  • Reduced reliance on conventional energy sources by approximately 50%

Acquisition:

  • Acquired M/S Xmold Polymers Pvt Ltd, a Tier II supplier of polymer compounds to automobile component and appliance manufacturers

Product Portfolio & Applications

ABS (Acrylonitrile Butadiene Styrene):

  • Continuous Production Process (first of its kind in India)
  • Applications: Automotive components, e-scooters, small electrical devices, appliances, consumer items, medical equipment, bathroom fittings

GPPS (General Purpose Polystyrene):

  • Properties: Excellent processability, high clarity, FDA compliant non-toxic
  • Applications: Refrigerators, stationery, medical disposables, household items

HIPS (High Impact Polystyrene):

  • Properties: Excellent impact strength, high stiffness, excellent moldability
  • Applications: Refrigerators, air conditioners, food packaging, dairy packaging

EPS (Expandable Polystyrene):

  • Properties: Lightweight, good insulation, cushioning properties
  • Applications: Packaging, construction insulation, cold storages, helmets, infant car seats

XPS (Extruded Polystyrene) INSU board:

  • Properties: High compressive strength, low water absorption
  • Applications: Building insulation, refrigerated vehicles, vaccine boxes, tunnel linings

Compounds & Masterbatches:

  • Custom formulations with specific properties (fire resistance, UV stability, impact modification)
  • Applications: Appliances, automotive parts, electrical accessories, packaging

Historical Financial Performance (Standalone)

Income Statement Trends (INR Mn):

| Metric | FY24 | FY25 | FY26 | Q1-FY27 |

| Revenue | 52,533 | 60,234 | 53,384 | 16,927 |

| Operating EBITDA | 4,668 | 5,325 | 5,148 | 3,305 |

| Operating EBITDA % | 8.89% | 8.84% | 9.64% | 19.53% |

| Total EBITDA* | 5,349 | 6,057 | 5,581 | 3,479 |

| Total EBITDA % | 10.05% | 9.94% | 10.37% | 20.34% |

| PAT | 3,465 | 3,905 | 3,273 | 2,363 |

| PAT % | 6.60% | 6.48% | 6.13% | 13.96% |

| Diluted EPS (INR) | 18.43 | 20.77 | 17.41 | 12.57 |

Balance Sheet Position (INR Mn):

| Metric | FY24 | FY25 | FY26 |

| Total Equity | 20,191 | 22,313 | 23,702 |

| Share Capital | 376 | 376 | 376 |

| Non-Current Liabilities | 1,470 | 1,558 | 1,704 |

| Current Liabilities | 8,987 | 10,610 | 9,261 |

| Total Assets | 30,648 | 34,481 | 34,667 |

| Property, Plant & Equipment | 6,575 | 6,907 | 13,581 |

| Investments (Liquid MF) | 5,718 | 4,300 | 2,868 |

| Cash & Cash Equivalents | 2,159 | 3,054 | 2,965 |

Financial Position & Liquidity

  • Company remains debt-free as of June 2026
  • Investable surplus of INR 874 crores at end of June 2026
  • All capital expenditure being met from internal cash accruals

Board of Directors

Non-Executive - Non-Independent:

  • Shri Mahaveer Prasad Taparia (Chairperson)
  • Shri Rajan B. Raheja
  • Shri Shivratan J Taparia
  • Shri Akshay Rajan Raheja

Non-Executive - Independent:

  • Shri Rajeev M Pandia
  • Shri Basavaraj Ningappa Bankapur
  • Ms. Rita Amitabh Teaotia
  • Shri Sanjay Rangrao Chougule
  • Prof. (Dr.) Anup Kumar Ghosh
  • Ms. Mona Ninad Desai

Whole Time Director:

  • Shri K.V. Mujumdar

Disclaimer Notes

  • Presentation contains forward-looking statements subject to risks and uncertainties
  • No representation or warranty made regarding accuracy or completeness of information
  • Not an offer or invitation to purchase securities
  • Confidential document not to be copied or disseminated

Investor Relations Contact

Mr. Anuj Sonpal, Valorem Advisors

Tel: +91-22-3507-5100

Investor kit link: https://www.valoremadvisors.com/supreme