Supreme Petrochemicals Q1 PAT seen up 31.7% YoY to Rs 192.6 cr: KRChoksey

Supreme Petrochem | Establishment of a new line for production of Polystyrene which is likely to be completed by December-2021. (Image: supremepetrochem.com)

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KRChoksey has come out with its first quarter (April-June’ 22) earnings estimates for the Specialty Chemical sector. The brokerage house expects Supreme Petrochemicals to report net profit at Rs 192.6 crore up 31.7% year-on-year (down 14.6% quarter-on-quarter).

Net Sales are expected to increase by 24.9 percent Y-o-Y (down 12.6 percent Q-o-Q) to Rs 1,308.9 crore, according to KRChoksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 34.6 percent Y-o-Y (down 13.7 percent Q-o-Q) to Rs 265.7 crore.

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KRChoksey_Specialty Chemical