Supreme Petrochem’s June quarter profit jumps oveer three-fold

19-Jul-13

Polystyrene major, Supreme Petrochem Ltd’s ( SPL 's) June quarter profit has jumped over three-fold to Rs 13 crore year-on-year on improved demand in domestic market Sales of the company also rose 26% to Rs 762.19 crore. However, the company's raw material cost went up 13% to Rs 458 crore along with a marginal increase in depreciation cost to Rs 6.98 crore. SPL has earmarked Rs 30 crore capex for expansion purposes and currently owns and operates a 2,72,000 ton polystyrene facility in Raigad district. The facility also includes a world class colouring and compounding facility with an installed capacity of 25000 TPA, said Taparia.