SUPREME PETROCHEM LTD

Rgd. Office

, Building No. 11, sth

Ftmr, 167, curu Hargovindji Marg,

Road, Chakata, Andheri (East), Mumbai-4oo 093. tNDtA
CIN : 123200MH'l 989P1C054633
Website : www.supremopUochem.com a Email : corporat6@spl.co.in

January 24,2017

Ref : CFA/CS/1 8/AGM27 1201 6-2017

BSE Limited
Phiroze Jeejeebhoy Towers,
1st Floor, Dalal Street,
Mumbai - 400 001

National Stock Exchange of India Ltd

Exchange Plaza, Bandra Kurla Complex
Bandra East,
Mumbai - 400 051

Dear Sir,

The Board of Directors of the Company at the meeting held on January 24,2017 at Solitaire
Corporate Park, Building No. 1 1, 5th Floor, 167, Guru Hargovindji Marg, Chakala, Andheri
(East), Mumbai - 400 093 have inter-alia pursuant to Regulation 33 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulation, 2015 approved the unaudited financial
results for the Quarter and Nine Months Ended Decembet 31, 2016. The Limited Review Report
of the Auditors for the Quarter and Nine Months Ended Deceimber 31, 2016 is enclosed
alongwith the copy of the results.
The meeting commenced at 3.15 p.m. and ended at 5.15 p.m.

Thanking you
Yours faithfully
for SUPREME PETROCHEM LTD

RAVI V KUDD'{ADY
COMPANY SECRETARY

Far - tih*eling :022.6m

1925, A..ts. & Seoehrhl | 022-4m5 5661,

E4od:026709

CMS : 022{709 1926, Commercial i 022-{005 5682, HRD : 02-4005 5585

1924

SUPREME PETROCHEM LTD

Statement of Unaudited Resutts for the Quarter and Nine Months Ended December 31' 2016
t

in Lakhs

3rd Ouaater 2nd Quarter Corresponding Year to date Year lo date

Ended on
31t12t2016

Particulars

(Refer Notes Below)

Unaudited

Ended on

Quarter Ended

Unaudited

Period

Year Ended

Ended on

30/09/20'r6

31/1212016 (S

31t1212015

31t12t2015

Months)

(6 months)

3t/03/2016
(9 months)

Unaudited

Unaudited

Unaudited

lJnaudited

Income from Operations

(D)

Gross Sales
Other operalinq income

Totallncome fiom Operations (Net)

(a)
(b)

Cost of ft,{aterhls consumed

Purchase of stock-rn-trade
Exc se duty

674941t

65593 85
876 31
66470.16

224673 22

136734 43

247 8e
68142.00

157275

1422 54

233175.89
2148 8

226245.97

138555.97

235324.78

39575 91

38351 56

35973 62

128587 62

40279.42

128676 51

15381.27
7260 9.,
3770.12

r6187 86

13435 41

47514 2A

30563 64

49144 t3

5450.32

5543_60
3140 53

20853 26
(3,999 95)

12995.43
2627 8A

769 2A

2747.49
1723 A1

172541

564 92

28209 9
2423 54
2624 52
1705 22

4342.44

12024 63

9026 68

63769.81
2700.35

209450,66
16795.31

138358.69
198.28

104 E1
2805.1

429 96
17225.27

241 A7
.r40.15

342 33
s015 6!

189 01

939 6E

12,345 74)
895 61

561.35
3638 86

587.40
4074 66

71128.18

6380r.87

Profit from oDerations before other Income, finance costs and

exceptional ltems (1-2)

5301.92

4340.13

137 57

124 4e

Profitfrom ordinary activities before finance costs and exceptional items

5439.49

4164.61

(d)
(e)

ohanges an inventories offinished goods and wofk-in-Progress

Employee benefit expenses
Depreciation and amortsatton expense
Other expenses

Total Expenses
3

75895 04
535.0
76430.10

t1+4t
7
8

Exceptional items (Net)

Prolitfrom ordinary activities before tax

10

11

12

t3
14
15
15
17
18 (D

(7{)

fax Expense
CunentTar (inc[idrng Delened Ta()
Shorv(excess) Provision oftaxes for earlier years
Net Profit from ordinary activitles after tar (9-10)
Exlraordinary ltems (net oitax expnse )
Net Profit for the period (l'l-'12)
Olher comprehensive income (Net of tax)

2616.1:

379 89
,16845.38

341 54

4371.21

98,61

530 6?
8485.0

5300,53

4371.2i

2516.1{

16845,38

98.6'1

8485.06

175E-56

1508.s7

5880_0C

87 5

2780 3

0.00
3541.97

00c

Reserves excluding revaluation reseryes

eamings eer Strare lUetore extraordinary items) (of

93 38

000

00c

2528.57

10965.38

t.03

5704.67

10965.38
(1 9t

1.1.03

5704.57
(64 99)

(1.e61

3541.97

2E60.70

2528.51

10953.42

11.03

9650.2C

9650 20

9650 20

9650.20

9650 20
31822

tl0l

6l

each) (not

annualised)
Baslc
Drluted
18 (iD Earnings Per Share (after extraordinary items) (oRl0/_ each)

Basic
D uled

o(

00c

3541.97

Total comPrehensive income

Paid-up equityshare capital (face value :110f)

13467 54
226651.42

5300.53

138.96

Profit from ordinary activities efter finance costs but before exceptional

1137.31

11 3

001

11 3

0 01

2.62

136

0 01

262

11 36

001

3.67

297

367

2.97

262

367
367

2.91

297

591
591

(not
591
591

NOTES:

The Company adopted lndian Acaounting Standards ("lnd AS") ftom April 1, 2016 The fgures for the corfesponding p.evious quarter
ended Decmber 31, 2015 and the year ended lvlarch 31, 2016 (nine months period Juty 1, 20'15 to March 31, 2d16) have
been
restated to comply wth Ind AS

Reconcilation between fjnancial results previously reported under Indjan GAAP and Ind As is
liven hereuner:
ln
Year to Date
Period Ended on
31t12t2015
(6 Months)
Net Profiu(Loss) under Indian GAAP (after tax)

Year Ended
31tO3t2016
(9 Months)

184 99

Prior Period adjustment

5,604 86
'15 84
21.63

(13.78)

Fair Value gain/loss on Finacial Instruments

(156 46)

Acturial loss reclassified to other comDrehensive In@me

Depreciation
Deferred tax

(3.72)

Net profu(Loss) before OCI as per Ind AS

11 03

99.38
43)
(29.61)
17

5,704 67

The settlement of the losvdamage to the assets at the EPS plant In Manali/Chennai due to foods in December 2015 is In progress
The company had frled an initral claim of {1092 lakhs. The Cohpany has till date received tnterim claim of t718 lakhs Since the
Company has adequate insurancF covefon rejnstiatement basis for fixed assets ancl on cost basis for raw malerials and stores and on
market price basis for finished goods, the management does not expect any financial ioss on account of the same The Comoanv is
also insured for'Loss of Profit:' during the period the plant operations were shut
The Company operates in a single segment namety 'Styrenics and

a ied products,

The year to date figures for the period ended on 3111212015 arc fot 6 months and hence not comparable with the figures for the 9
months ended on 31/12i2016 Similarly lhe figures for the previous year ended 31/03/2016 are for 9 months as the accounting period
2015-16 comp sed of

months (July 2015 to March 2016)

The.esults for the qliarter ended December 31, 2016 end Financial Year Ended lvarch 31, 2016 were subjecled to a Limited Review
by the Statutory Auditors The statement of unaudited results was reviewed by the Audit Committee and approved by the Board of
Directors in the meeting held on January 24, 2017.

tASupf eme Petrochem Ltd

t1\l

F fr(>;L

Mdtuou.iu'

Chairperson

Place:

Mumbai

Date

24t]1t2017

Please visit us at http:/ dww supremepetrochem com

G. M. KAPADIA &

CO.

(REGISTEBED)

CHARTERED ACCOUNTANTS
IOO7, RAHEJA CHAMBERS.213, NARIMAN POINT, MUMBAI 4OO 021, INDIA

PHONE . (91-22) 661I

661I

FAX : (91 22) 661

6600

LIMITED R"EVIEW REPORT ON THE UNAUDITED STA.NDALONE FINANCIAL

RESULTS FOR THE OUARTER ENDED ON DEC:EMBER 31. 2016

To the Board of Directors

Supreme Petrochem Limited
Mumbai

1.

We have reviewed the accompanying statement of unaudited standalone financial results

('the Statement') of Supreme Petrochem Limited ('the Oompany') for the quarter and

nine months ended December 31, 2016. This statemeni is the responsibility
Company's Management and has been approved

of

the

by the Board of Directors. Our

responsibility is to issue a report on these financial statements based on our review.

2.

We conducted our review in accordance with the Standard ,ln Review Engagement (SRE)

2410, "Review of Interim Financial Information Performed by the lndependent Auditor

of the Entity" issued by the Institute of Charlered Accountants of India. This

standard

requires that we plan and perform the review to obtain mo,lerate assurance as to whether

the financial statements are free of matenal misstatement. A review is limited primarily
to inquiries of company personnel and analytical procedures applied to financial data and

thus provide less assurance than an audit. We have not performed an audit and
accordingly. we do not express an audit opinion.

3.

Based on our review conducted as above, nothrng has comer to our attention that causes us

to believe that the accompanying Statement of unauditecl financial results prepared rn

accordance with Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS
34") as per section i33 of the Companies Act, 2013, read with Rule 7 of the Compantes
(Accounts) Rules,2014 and other accounting principles g,:nerally accepted in India and

MUMBAI NEWDELHI CHENNAI BENGALURU HYDER,IBAD JAIPUR

G, M. KAPADIA & CO.

other recognised accounting practices and policies has not disclosed the information
required to be disclosed in terms of Regulation 33 of the Securities and Exchange Board

of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with
SEBI circular no. CIR/CFD/CMD/15/2015 dated November 30, 2015 and SEBI circular
No. CIR /CFD/F AC/62/2016 dated July, 5 2016, including the manner in which it is to be
disclosed, or that it contains any material misstatement.

For G. M. Kapadia & Co.

Chartered Accountants
Firm Res. No. 104767W

\rtY
Place : Mumbai

Date

: Januarv 24.2016

(Rajen Ashar)
(Partner)
(Membership No. 048243)