Joined: 04/Aug/2011
Location: India
Online Status: Offline
Posts: 865
Posted: 22/Oct/2011 at 10:15pm
Conference Call
Supreme Industries
Debt will come down from present level of Rs 631 crore to Rs 350 crore by 30th June 2012
Supreme Industries held a conference call to discuss the quarter ended September 2011 result and future outlook. The company's top management addressed the meet.
Highlights
The net sales increased by 6% to Rs 501.18 crore. on back of 9% growth in plastic business to Rs 472.92 crore. The company has processed 46761 MT of polymers, a growth of 3% and had a turnover of Rs 459.03 crore, a growth of 12%. The company expects to show a volume growth of 15% and value growth of 20% respectively for the whole year. The construction business saw de-growth of 19% to Rs 20.75 crore. The company has realized Rs 20.75 crore from sale of 13169 sq.ft.. The company has future negotiated sales of 41625 sq.ft. premises at a consideration of Rs 70.06 crore and received advances of Rs 18.25 crore. Sales is likely to be completed during next quarter and appropriate accounting effects shall be given on completion of the transaction. The net profit has decreased by 29% to Rs 32.55 crore.
The sales number also includes other operating income of Rs 7.52 crore, a rise of 163% on account of industrial promotion subsidy from mega project at Gadegaon which is Rs 3.5 crore. For the full year, it expects Rs 30 crore on account of industrial promotion subsidy from mega project.
Segmental revenue break up: - Industrial segment revenues stood at Rs 105 crore, consumer segment at Rs 50 crore, packaging segment at Rs 109 crore, piping at Rs 149 crore and others Rs 14 crore.
Volume in Industrial Products stood at 8000 tonnes vs 7800 tonnes, consumer segment at 4000 tonnes vs 4900 tonnes, Plastic at 26300 tonnes vs 24300 tonnes and packaging at 8500 tonnes vs 9000 tonne on Y-o-Y basis.
The margin of Industrial Products at 11.06% vs 12.8%, consumer segment at 10.92% vs 12.5%, Plastic at 11.9% vs 11.3% and packaging at 16.97% vs 19.55% on Y-o-Y basis
The OPM has declined by 234 basis points to 14.18% due to inventory loss and poor demand.
Value added products had sales of Rs 131 crore (vs 105 crore Y-o-Y basis) and had margin of 16%. The management expects value added products sales of Rs 850 crore for this year.
CVPC pipe had a revenue of Rs 32 crore in Q1 and expects Rs 160 crore for FY12.
With more correction in raw material prices and small inventory in Q2, the company hopes a rise in margin in second half of the fiscal year.
It plans to introduce composite cylinders in FY12 , plant for which will be commissioned in Q3 FY12. The Government is yet to put invite for expression of interest for these cylinders from interested parties. However, the company will go ahead with its plan and will make cylinder for international market.
The debt has gone up from Rs 511 crore at the beginning of the year to Rs 631 crore at the end of September. The management intends to bring down debt level to Rs 350 crore by 30th June 2012. Rise in debt level led to rise in interest cost for September quarter.
Interest cost stood at 9.75% and expects to come down to 9% from 1st of January 2012.
Credit period as on 30th September 2011 was 36 days and expects to come down for 21-22 days for full year.
The company has got exclusive license for putting cross laminated plant in South East Asia and Africa besides India.
The capex for FY12 is Rs 200 crore.
The management expects Industrial products value growth of 14% to Rs 560 crore and volume growth of 23% to 43500 tonne for FY12.
Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday?
Joined: 04/Aug/2011
Location: India
Online Status: Offline
Posts: 865
Posted: 04/Feb/2012 at 11:44am
Conference Call
Supreme Industries
Expects to close the year with OPM of 13.5%
Supreme Industries held a conference call to discuss the half year ended December 2011 result and future outlook. The company's top management addressed the meet.
Highlights
The consolidated net sales for Q2 FY12 increased by 24% to Rs 721.3 crore. The OPM has declined by 149 basis points to 12.15% due to rise in raw material cost. The company's profit from construction business is Rs 32.73 crore. The net profit has increased by 43% to Rs 59.29 crore due to profit from construction business.
The consolidated net sales for H1 FY12 has increased by 18% to Rs 1201.73 crore. The company has processed 1.11 lakh MT of polymers, a growth of 9% and recorded sales of Rs 1158.95 crore, growth of 19%. The sales number also includes other operating income of Rs 15.98 crore. The net profit has increased by 5% to Rs 91.83 crore.
Segmental revenue break up for half year: - Industrial segment revenues stood at Rs 231crore, growth of 10%; consumer segment at Rs 122 crore, growth of 2%; packaging segment at Rs 306 crore, growth of 14% and piping at Rs 515.6 crore, growth of 18%. CPVC pipe had a revenue of Rs 65 crore.
For Volume in Industrial Products stood at 16809 tonnes, growth of 3%; consumer segment at 8819 tonnes, de-growth of 20%; Plastic at 67000 tonnes, growth of 18% and packaging at 18460 tonnes, growth of 5%..
OPM has decreased by 112 basis points to 12.08% due to rise in raw material cost. The company's profit from construction business is Rs 46.24 crore.
The company has realized Rs 69.16 crore from sale of 41678 sq.ft.. The company has future negotiated sales of 13116 sq.ft. premises at a consideration of Rs 21.65 crore and received advances of Rs 3.25 crore. Sales is likely to be completed during Q3 and appropriate accounting effects shall be given on completion of the transaction.
The margin of Industrial Products at 10%, consumer segment at 12%, Plastic at 10% and packaging at 17% on Y-o-Y basis for H1 FY12
The company has booked Rs 12.1 crore from industrial promotion subsidy from mega project at Gadegaon in first half.
The company's Rs 200 crore expansion plan is progressing well. The first phase capacity of 6000 TPA of cross laminated film and 400000 composite cylinders is likely to be operational during Sept-Oct. 2012. The protective packaging products unit at Hosur is likely to be operational before the end of current financial year.
Industrial Products segment is seeing revival in demand from January Month. Consumer products segment is expected to show good growth in second half of financial year.
The management said that it is looking for Rs 1600 crore of turnover for second half and it is targeting a volume growth of 12% and value growth of 20% for the whole year. It also expects to close the year with OPM of 13.5%.
The management expects a value growth of 13% for the Industrial segment, 15% for consumer segment, 19% for packaging segment and 11% for piping segment.
The company expects to close the year with debt of Rs 350 crore.
Every day, self-proclaimed stock market "experts" tell us why the market just went up or down, as if they really knew. So where were they yesterday?
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