Supreme Petrochem Q2 FY26 profit up 63%: key numbers

Earnings date and what investors are tracking

Supreme Petrochem Ltd has an earnings update expected on 24/04/2026, putting the stock back on the near-term watchlist for investors focused on chemicals and polymers. The company’s recent reported numbers show a sharp split between profitability and the top line, which is likely to shape questions around volumes, pricing, and input-cost movements. One datapoint highlighted alongside the results is the claim that the stock is trading at 69% below an internal estimate of fair value. Another is a forecast that earnings are expected to grow 28.76% per year.

Seasonality data for April shows wide swings historically, with the month recording a maximum positive change of 74.13% (2021) and a maximum negative change of -5.80% (2019). The same table shows an average change of 14.00% for April, with average positive change at 17.49% and average negative change at -3.45%.

Q2 FY26 headline performance: profit rises, revenue falls

For the second quarter of FY26, Supreme Petrochem reported net profit of ₹148 crore, up 63% year-on-year from ₹91 crore in the corresponding quarter last year. In contrast, revenue for the quarter declined 55% to ₹1,117 crore from ₹2,519 crore in Q2 FY25. EBITDA fell 59.6% to ₹78.7 crore, and the EBITDA margin slipped to 7% from 7.7% a year earlier.

Management attributed the weaker revenue and EBITDA to lower demand from original equipment manufacturers (OEMs), linked to unseasonal rains that affected sales of cooling appliances. The company also cited a sharp correction in styrene monomer prices, a key raw material, as part of the operating context during the quarter. The combination of weaker demand indicators and raw material price movement is central to understanding why profit growth and top-line performance moved in opposite directions in the quarter.

Interim dividend announcement and key dates

Alongside the Q2 FY26 results, Supreme Petrochem declared an interim dividend of ₹2.50 per equity share for FY26. The company disclosed that this represented 2.125% of its paid-up equity capital, with a total payout of ₹47.01 crore. The record date for the interim dividend was set as October 31, 2025.

Separately, the board also recommended a final dividend of ₹7.50 per equity share for FY25, subject to shareholder approval at the company’s 36th Annual General Meeting. The record date to determine shareholder eligibility for this final dividend was set as July 4, 2025, the same day as the AGM.

Operational target: volume growth guidance for FY26

Supreme Petrochem stated it is targeting volume growth of approximately 13% to 14% for FY26. This target will be assessed against the company’s quarterly run-rate and the demand environment in end markets referenced by management. Investors typically track whether such guidance is supported by stable margins and consistent order flows, especially when a quarter shows significant revenue compression.

FY25 vs FY24: annual growth with stable profitability

For FY25, the company reported revenue from operations of ₹6,023.4 crore, up 14.66% from ₹5,253.3 crore in FY24. FY25 EBITDA was ₹605.7 crore, up 13.24% from ₹534.9 crore in the previous year. While EBITDA rose in absolute terms, the annual EBITDA margin edged down to 10.06% from 10.18% in FY24.

Net profit for FY25 rose to ₹390.5 crore, up 12.70% from ₹346.5 crore in FY24. A separate set of financial highlights also listed operating income at ₹6,023.00 crore in FY2025 versus ₹5,253.00 crore in FY2024, and adjusted PAT at ₹391.00 crore versus ₹346.00 crore, with PAT margin of 6.50% and 6.60%, respectively.

Balance sheet and liquidity position

Despite what was described as operational challenges, the company was assessed as maintaining a robust financial risk profile, with nil material debt and a strong liquidity position. As of December 31, 2025, Supreme Petrochem held a liquid surplus of ₹463.00 crore. Financial highlights also showed Debt/Networth at 0.06 times for FY2025 and FY2024.

In another disclosed snapshot, the company’s debt/equity ratio was reported at 6.6%. Profitability ratios in the same snapshot included gross margin of 14.79% and net profit margin of 5.02%, with EPS listed at 14.23.

Quarterly trend check: Q4 FY25 sequential recovery

In Q4 FY25, Supreme Petrochem reported net profit of ₹106.9 crore, down 18.71% year-on-year but up 49.72% sequentially versus Q3 FY25. Q4 FY25 operating revenue was ₹1,539 crore, down 1.52% year-on-year from ₹1,563 crore, but up 9.51% quarter-on-quarter from ₹1,405 crore.

EBITDA for the March 2025 quarter came in at ₹163.4 crore, down 15.90% from ₹194.3 crore a year ago, but up 40.02% sequentially from ₹116.7 crore in Q3 FY25. The Q4 FY25 EBITDA margin was 10.62%, lower by 181 basis points year-on-year but higher by 232 basis points sequentially.

Snapshot metrics: market cap, TTM and trading reference

Two separate market snapshots were provided. One listed market cap at ₹15,451 crore, earnings (TTM) at ₹268 crore, and revenue (TTM) at ₹5,333 crore, along with an income statement (TTM) split of revenue ₹5,333 crore, cost of revenue ₹4,544 crore, gross profit ₹789 crore, other expenses ₹521 crore, and earnings ₹268 crore.

Another snapshot, with a trading reference that Supreme Petrochem (SPLPETRO) was at ₹731.60 at 3:31 p.m. on Aug 14, 2025, listed market cap at ₹13,788 crore, revenue (TTM) at ₹5,829 crore, net income (TTM) at ₹350 crore, EPS (TTM) at 18.58, PE ratio at 39.45, and forward PE at 28.88.

Key figures table

Market impact: what the numbers imply

The Q2 FY26 result presents a mixed operating picture, with profit rising sharply while revenue and EBITDA fell materially year-on-year. The company’s explanation points to demand-side softness from OEM-linked segments, along with volatility in styrene monomer pricing, which can affect realizations and inventory dynamics across quarters.

Dividend declarations, both interim for FY26 and a final recommendation for FY25, add a shareholder-return element that investors often weigh against the operating trajectory. The disclosed liquidity surplus of ₹463 crore as of December 31, 2025, and low reported leverage metrics (Debt/Networth at 0.06 times in FY2025 and FY2024) provide context on financial flexibility.

Analysis: why the upcoming earnings update matters

With an earnings update expected on 24/04/2026, investors are likely to focus on whether revenue stabilises after the Q2 FY26 contraction and whether margins show resilience amid raw-material price moves. The company’s FY26 volume growth target of about 13% to 14% adds a measurable operating milestone for the year.

Attention may also remain on valuation-related claims presented with the data, including the note that the stock is trading 69% below an estimate of fair value and that earnings are forecast to grow 28.76% per year. Separately, April’s historical return distribution, including the 74.13% maximum positive change and -5.80% maximum negative change, shows that near-term price action has seen wide ranges in prior years.

Conclusion

Supreme Petrochem’s recent disclosures show strong year-on-year profit growth in Q2 FY26 alongside a steep revenue and EBITDA decline, followed by dividend announcements and reaffirmed volume growth intent for FY26. The next earnings update expected on 24/04/2026 will be watched for clarity on demand conditions, margin direction, and progress against the company’s volume growth target.