Supreme Industries Dividend 2026: 600% payout declared after Q2 profit rises 59%; check record date

Pipes and Plastics product manufacturer Supreme Industries. Image Credit: Canva

Pipes and Plastics product manufacturer Supreme Industries reported a 39.87 per cent year-on-year increase in consolidated income to Rs 3,369.96 crore in the September quarter of FY27, compared with Rs 2,409.41 crore in the corresponding quarter of the previous fiscal year.

The company's operating profit rose 47.50 per cent to Rs 460.61 crore in the second quarter of FY27 from Rs 312.27 crore a year ago. The operating profit margin improved to 13.67 per cent from 12.96 per cent in the year-ago quarter.

Profit before tax (PBT) increased 58.03 per cent to Rs 343.91 crore in Q2 FY27 from Rs 217.63 crore in the corresponding quarter of the previous fiscal. Profit after tax (PAT), before exceptional items, rose 59.31 per cent year-on-year to Rs 262.44 crore from Rs 164.74 crore in the September quarter of FY26.

Earnings per share increased to Rs 20.66 in the September quarter from Rs 12.97 in the year-ago period.

Supreme Industries Q2 results vs Zee Business estimates

Supreme Industries' consolidated revenue of Rs 3,369.96 crore exceeded Zee Business estimates of Rs 3,127 crore by Rs 242.96 crore, or 7.77 per cent.

Operating profit stood at Rs 460.61 crore, against the estimated EBITDA of Rs 457 crore. The reported figure was Rs 3.61 crore, or 0.79 per cent, above the estimate.

However, the operating profit margin was lower than expected at 13.67 per cent against the Zee Business estimate of 14.6 per cent, a difference of 0.93 percentage points.

The company's PAT, before exceptional items, came in at Rs 262.44 crore, marginally above the estimated Rs 262 crore. The difference was Rs 0.44 crore, or 0.17 per cent.

Rs 12 interim dividend declared; record date October 30

The company's board of directors has declared an interim dividend of Rs 12 per share of face value Rs 2 each for the financial year 2026-27. This represents a dividend of 600 per cent on the face value of the equity share.

The record date for determining shareholders eligible to receive the dividend is October 30, 2026. The dividend will be paid to shareholders whose names appear in the company's register of members on the record date.

Supreme Industries reported a net cash surplus of Rs 685 crore as of September 30, 2026, compared with Rs 648 crore as of March 31, 2026.

The company's turnover from value-added products increased to Rs 1,476 crore in the second quarter of FY27 from Rs 1,072 crore in the corresponding quarter of the previous fiscal, registering growth of 38 per cent.

Plastic piping volume grows 24% in Q2

Commenting on the business environment, M P Taparia, Chairman and Managing Director of Supreme Industries, said operating conditions in the second quarter of FY27 showed signs of stabilisation after the volatility in polymer prices during the first quarter.

He said the geopolitical situation in West Asia continued to affect polymer price movements. However, government measures, including the implementation of a Minimum Import Price (MIP) on suspension-grade PVC resin and the withdrawal of customs duty exemption, had helped reduce market volatility.

Taparia said investments in infrastructure, housing, urban development, water management, irrigation networks and city gas distribution were providing long-term demand visibility across the company's business segments.

The plastic piping systems business continued to focus on value-added products, manufacturing capabilities and market expansion. The integration of the former Wavin business and access to its technologies were helping the company develop products for building and infrastructure applications.

The company is increasing its focus on value-added products, including PERT piping systems, gas piping systems, electrofusion fittings, premium bath fittings, industrial valves and PP silent pipe systems.

Plastic Piping Division volumes grew about 2 per cent in the first half of FY27 compared with the corresponding period last year. However, the division recorded volume growth of about 24 per cent in the second quarter.

Taparia said the company aimed to maintain the momentum and achieve better growth for the full year, while noting that the uncertain geopolitical situation made precise growth forecasts difficult.