Supreme Industries Reports Strong Financial Performance in Q1 FY25, Indicating Promising Growth Potential

Supreme Industries, a leading player in the plastic products industry, has recently announced its financial results for the quarter ending June 2024. The company has received a ‘Buy’ call from MarketsMOJO, indicating positive growth potential.

In the last three months, Supreme Industries has shown a significant improvement in its financial performance, with its score increasing from 6 to 8. This is a result of the company’s strong operating cash flow, which has been consistently growing over the past three years, reaching a high of Rs 1,412.90 crore annually.

The company’s profit before tax (PBT) has also seen a positive trend, growing at 24.64% year on year and indicating a promising future. Similarly, the profit after tax (PAT) has shown a growth of 26.8% year on year, further strengthening the company’s financial position.

Supreme Industries also has a strong cash reserve, with cash and cash equivalents reaching a high of Rs 1,187.29 crore in the last six half-yearly periods. This indicates a positive short-term liquidity for the company.

However, the company’s non-operating income has seen a significant increase in the last five quarters, which may not be sustainable in the long run. It is important for the company to focus on its core business activities to maintain a stable financial performance.

Overall, Supreme Industries has shown a positive financial performance in the quarter ending June 2024, with strong growth potential. With its focus on generating higher cash revenues and improving its short-term liquidity, the company is well-positioned for future success.