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Supreme Petrochem Ltd

| Quarterly Financial Results Q3 FY 2025–26

NEUTRAL SENTIMENT

Report Source

⬤20th Jan 26

Summary : Supreme Petrochem reported Q3/9M 2025 results with declining profits and revenue, facing challenges from ABS plant suspension and new Labour Codes impact.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Cost of materials consumed.
  2. Purchase of stock-in-trade.
  3. Changes in inventories of finished goods and work-in-progress.
  4. Employee benefits expense.
  5. Other expenses.
  6. Finance Costs.
  7. Depreciation.
  8. Tax Expense (Current Tax, Deferred tax charge).
  9. Revenue from Operations (Sale of products, Other Operating Income).
  10. Other Income.
  11. Estimated and accounted for incremental liability due to new Labour Codes (gratuity, leave encashment).
  12. Group continues to remain debt free (Note 6).
  13. Other Equity reported as 2,19,368.01 Lakhs (Audited 31.03.2025).
  14. Both standalone and consolidated financial results presented.
  15. Consolidated results include subsidiary Xmold Polymers Private Limited.

Corporate Overview

  1. Amdoshi, Dist. Raigad, Maharashtra, India (ABS project location).
  2. Mumbai, India (Registered Office).
  3. ABS plant operations suspended in December 2025 due to critical production equipment malfunction.
  4. Operates in 'Styrenics and Allied Products' segment.
  5. Formal and factual, reporting financial results and operational updates.
  6. Styrenics and Allied Products.
  7. First Line of ABS project with 70,000 TPA capacity.
  8. ABS project successfully commissioned and production started September 2025.

Risk Factors

  1. Critical ABS plant equipment malfunction.
  2. Uncertainty from new Labour Codes.
  3. Declining product sales and revenue.
  4. Rising material and operating costs.

Key Drivers

  1. ABS plant operations restoration.
  2. Clarity on new Labour Codes.
  3. Strong demand for Styrenics products.
  4. Successful integration of Xmold subsidiary.

Auditor’s Report

  1. Limited Review Report, not an audit opinion.
  2. No material misstatement noted in the accompanying statement.
  3. Review of interim financial results of subsidiary Xmold Polymers Private Limited.
  4. Conclusion on subsidiary's results based on another auditor's report.

Board Commentary

  1. ABS plant equipment malfunction leading to operational suspension.
  2. Incremental liability from new Labour Codes (gratuity, leave encashment).
  3. Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  4. Evaluating impact of new Labour Codes notified by Government of India.
  5. ABS project with 70,000 TPA capacity commissioned.

Corporate Governance

  1. Unaudited Financial Results reviewed by Audit Committee and approved by Board of Directors.
  2. Audit Committee.

Management Discussion & Analysis

Future Strategy

  1. Taking action to restore ABS plant operations in consultation with experts.
  2. Monitoring finalization of Central/State Rules for new Labour Codes.

Macroeconomic Outlook

  1. Government of India notified new Labour Codes on November 21, 2025, impact being evaluated.

Operational Focus Areas

  1. Restoring ABS plant operations.
  2. Evaluating full impact of new Labour Codes.

Risk Control Measures

  1. Consulting engineering consultant, equipment supplier, and technical collaborator for ABS plant.
  2. Monitoring government clarifications on new Labour Codes.

Critical Risks

  1. Malfunctioning of critical production equipment at ABS plant.
  2. Uncertainty regarding the full impact of new Labour Codes.