Supreme Petrochem announces Q3 profit of Rs. 18.18 crores

India largest styrenics maker Supreme Petrochem Ltd (SPL) has reported a net profit of Rs 18.18 crores for its Q3 ended March 31, 2012 as against net loss of Rs 7.26 crores in Q2 ended December 31, 2011. The company, India’s largest Polystyrene producer, had posted a net profit of Rs 29.57 crores in Q3, 2012. Net revenues for the reporting quarter and the corresponding previous year quarter were Rs 625.86 crores and Rs 511.38 crores respectively. The net revenue in India, for the nine months period ended March 31, 2012 was Rs1672.77 crores (Corresponding previous year Rs 1423.84 crores) while the net profit is Rs 26.79 crores (Corresponding previous year Rs 66.51 crores.
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