Supreme Petrochem reported Q1 FY27 revenue of INR 1693 Cr (+22% YoY) and a strong PAT of INR 236 Cr (+188% YoY), despite a 24.5% decline in sales volume.

This profit surge was driven by widened international price deltas for styrene monomer products amid West Asia conflicts.

While non-OEM demand was subdued, OEM demand held steady.

The company is expanding compounding capacity to 80,000 TPA and adding an 80,000 TPA polystyrene line by Dec 2028, with a total CAPEX of INR 900 Cr, all funded internally.

Management indicated current high margins are an 'aberration,' implying a potential normalization.