Supreme Petrochem Shows Strong Performance in Q1, Highest Net Sales in 5 Quarters

Supreme Petrochem, a midcap company in the chemicals industry, has recently announced its financial results for the quarter ending June 2024. The company has shown a positive performance in this quarter, with a score of 8 out of 10, an improvement from the previous score of 5 in the last 3 months.

One of the key factors contributing to this positive performance is the growth in Profit Before Tax (PBT) less Other Income, which has increased by 41.5% compared to the average PBT of the previous four quarters. This indicates a strong near-term trend for PBT. Similarly, the Profit After Tax (PAT) has also shown a growth of 40.8% compared to the average of the previous four quarters, indicating a positive trend for PAT in the near future.

The company's Net Sales for this quarter have been the highest in the last five quarters, standing at Rs 1,573.49 crore. This shows a positive trend in sales for the company in the near term. Additionally, the Dividend Payout Ratio (DPR) for the company has been the highest in the last five years, indicating that the company is distributing a higher proportion of its profits as dividends.

However, one area of concern for Supreme Petrochem is the increase in Non Operating Income, which has been the highest in the last five quarters. This may not be sustainable in the long term as it is generated from non-business activities.

Overall, the financial results for the quarter ending June 2024 have been positive for Supreme Petrochem. With a strong buy call from MarketsMOJO, the company seems to be on a positive growth trajectory. Investors can keep an eye on this midcap company in the chemicals industry for potential opportunities.