Supreme Petrochem Ltd. is a Mid-cap company with a market cap of 6,693.33 crore working in the petrochemical sector. The company is engaged in manufacturing of Million Tonne Polymers and Expandable Polystyrene (EPS). As per data from Value Research, Supreme Petrochem is a debt-free company, but what is very exciting is that the Board of Directors of the company at its meeting today on 27th October announced Q2 results, 100% dividend and 1:2 stock split. declare. , 2022.
The company said in a stock exchange filing that its board of directors has “declared an interim dividend”. 4/- (four) per equity share of which the face value is 4/- (four) (ie 100%) outgo of Rs 3760.83 lakh on its paid-up equity share capital (consisting of 94020671 equity shares of Rs 4/- each) for the financial year 2022-2023. For the purpose of eligibility for the said Interim Dividend, the Company has fixed Friday, November 4, 2022 as the “Record Date”. Accordingly, the shareholders of the Company shall be eligible for payment of dividend on the close of business on Friday, the 4th November, 2022.”
The Company has also informed the Stock Exchanges about the stock split stating that its Board of Directors has approved / approved the transaction of “sub-division / split” of the existing equity share of the Company from 1 (a) equity share of the face value has done. 4/- each, in 2 (two) fully paid-up equity shares of face value of Rs.2/- (two) each fully paid-up, subject to the approval of the shareholders of the company. The record date of such sub-division/distribution of equity shares shall be intimated in due course.”
On a standalone basis, the company reported net sales of Compared to 1231.75 cr in Q2FY23 1189.26 crore represents a year-on-year growth of 3.57% over the reported Q2FY22 and the sales reported in the June quarter or Q1FY23 were 1484.18 crore represents a decline of 17% in QoQ. In Q2FY23, the company reported total revenue 1246.31 crore as compared to 1195.35 crore in Q2FY22 represents a year-on-year growth of 4.26% but QoQ net revenue fell 16.77% 1497.44 crore was recorded in the June quarter.
Company reported profit before tax (PBT) 78.03 crore in the quarter ended Sept. 2022 167.72 crore was recorded in the corresponding quarter of last year, representing a decline of 53.47 per cent year-on-year, while PBT has fallen from this. 252.24 represents a QoQ decline of 69% in the June quarter or Q1FY23. In Q2FY23 the company reported a net profit of 59.64 crore as compared to 127.07 crores were reported in Q2FY22 and 189.09 recorded in Q1FY23, representing a year-on-year decline of 53.06% and QoQ decline of 68.45%.
Supreme Petrochem Ltd shares closed today: 708.00 each, down 2.94% from the previous close of 729.45. In trading today the stock recorded a total volume of 43,556 shares compared to the 20-day average volume of 36,730 shares. In the last 1 year, the stock has gained 12.86%, but on YTD basis, the stock has fallen 0.29% so far in 2022. For the quarter ended September or Q2FY23, the company reported promoter shareholding of 64.14%, FII holding 2.20%, DII holding 2.26%, Government holding 0.09% and Public holding 31.31%.
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