India's Supreme Industries falls on lower Q3 profit

Supreme Industries

20/01/2025 08:37

** Shares of plastic products maker Supreme Industries
shares  SUPI.NS  fall 3.3% to 4,112 rupees
    ** Co's Q3 consolidated profit after tax falls about 27% YoY
    ** Plastic pipe systems' growth is hurt by high prices of
polyvinyl chloride, a key raw material for plastic material and
weak infrastructure demand, co says
    ** Cost of materials climb 7%
    ** SUPI rated "buy" on avg, median PT is 5,340 rupees - LSEG
data
    ** Stock rose 3.5% in 2024

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))