Supreme Petrochem Q2 FY27 Revenue Rises 77.45% to ₹1,983.50 Crore

Supreme Petrochem Limited reported consolidated revenue of ₹1,983.50 crore for the quarter ended September 2026, a 77.45% year-on-year increase, while net profit rose 100.43% to ₹97.15 crore. The quarter reflected higher sales volumes and selling prices, although profit declined sequentially from the preceding quarter.

What did Supreme Petrochem report for Q2 FY27?

Supreme Petrochem reported revenue of ₹1,983.50 crore in Q2 FY27, compared with ₹1,117.76 crore in the corresponding quarter of the previous year. The reported revenue was also 15.69% higher than ₹1,714.51 crore in the preceding quarter. The company’s quarterly results cover the July to September 2026 period.

Operating profit increased 93.00% year-on-year to ₹151.93 crore from ₹78.72 crore. Profit before tax rose 99.59% year-on-year to ₹131.35 crore, while net profit increased to ₹97.15 crore from ₹48.47 crore. The year-on-year gains show that profit growth outpaced revenue growth during the quarter.

The company also reported that operating profit, profit before depreciation and tax, profit before tax and net profit were lower than in the previous quarter. Operating profit declined 54.30% sequentially from ₹332.45 crore, while net profit declined 59.11% from ₹237.57 crore.

What drove Supreme Petrochem's revenue growth?

Supreme Petrochem said in its Q2 FY27 earnings discussion that operating income rose to ₹1,957 crore from ₹1,100 crore a year earlier, driven by higher volumes and selling prices. This operating-income figure differs from the ₹1,983.50 crore revenue figure in the quarterly-results summary, reflecting the use of different reported line items.

Total sales volume reached 95,242 metric tonnes during the quarter. This was 24% higher year-on-year and 35% higher quarter-on-quarter, according to the earnings-call highlights. The volume increase was a key contributor to the stronger revenue base.

The company reported EBITDA of ₹160 crore and an EBITDA margin of 8.12% in the earnings-call highlights. Its investor presentation also stated revenue from operations of ₹1,956.70 crore, up 77.8% year-on-year from ₹1,100.20 crore. These disclosures support the reported improvement in operating scale during the quarter.

Why did profit fall from the previous quarter?

Supreme Petrochem's Q2 profit measures remained substantially above the year-earlier period but declined from Q1 FY27. Net profit fell to ₹97.15 crore from ₹237.57 crore in the preceding quarter, and operating profit fell to ₹151.93 crore from ₹332.45 crore.

The available disclosures quantify the sequential movement but do not provide a detailed explanation for the decline in each profit metric. The company’s earnings materials cited higher volumes and selling prices for the year-on-year rise in operating income, but the supplied information does not attribute the quarter-on-quarter profit decline to specific costs, prices, inventory effects or other factors.

For investors, the contrast is important. Revenue continued to expand sequentially, whereas operating profit and net profit declined sharply from the high base of the prior quarter. This means revenue growth alone does not explain the quarter’s full earnings pattern.

What did management say about demand and operations?

Supreme Petrochem held its Q2 FY27 earnings conference call on October 27, 2026, after releasing its Q2 and H1 FY27 investor presentation on October 23. The company made an audio recording of the call available for shareholder and investor review under its Regulation 30 disclosures.

During the discussion, Executive Director and Chief Financial Officer Rakesh Nair said demand for expanded polystyrene, or EPS, in India had been good so far in the year. He said industry EPS demand for the current year was expected to be around 165,000 to 170,000 tonnes.

The earnings-call highlights stated that Supreme Petrochem has a 60% share of India’s polystyrene market. In response to a question on EPS market share, Nair did not confirm a share above 70%, saying it would be lower than that. The comments provide context on the company’s position in its core polymer markets without setting a forward financial target.

How does the quarter affect investors and the industry?

Supreme Petrochem's reported results show a strong year-on-year recovery in revenue, operating profit and net profit. The 24% year-on-year increase in quarterly sales volume indicates higher product movement, while the rise in selling prices cited by the company also supported revenue growth.

The results also underline the variability of quarterly profitability in the petrochemical business. Despite revenue increasing from Q1 FY27, operating profit and net profit were lower than in the preceding quarter. Investors assessing the results can therefore compare both the annual growth rates and the sequential changes rather than relying on one measure alone.

The broader operational context includes the company’s 70,000 tonnes per annum ABS plant using Versalis technology, which was commissioned in September 2025. The investor presentation also referred to a 150,000 cubic metre XPS insulation board project and an expansion of compounding capacity from 50,000 tonnes per annum to 80,000 tonnes per annum as being on track. The supplied disclosures do not state a completion date for these projects.

Conclusion

Supreme Petrochem delivered year-on-year growth in Q2 FY27, with revenue rising 77.45% to ₹1,983.50 crore and net profit doubling to ₹97.15 crore. Higher sales volumes and selling prices supported the performance, while the fall in profit from Q1 FY27 showed that quarterly margins and earnings remained uneven.

The next disclosures to watch are the company’s subsequent quarterly results and management updates on EPS demand, the XPS insulation board project and the compounding-capacity expansion. Investors can also review the October 27 earnings-call recording for management’s discussion of Q2 FY27 performance and market conditions.