Supreme Industries at new high

Supreme Industries, which was lacklustre till its earnings came out, meandering at Rs.2051 levels, shot up to hit a new high at Rs.2174.30, up over 6%.

The market is very happy with its performance for Q4FY21, which beat most estimates. It posted a consolidated net profit of Rs.450 crore, up almost 4-times (YoY). This was on a revenue of Rs.2085 crore, up 46%.

Its EBITDA for the quarter was at Rs.510 crore, up 85% while margins rose sharply from 19.3% to 24.5%.