Polymer Prices

Growth revival in H2 key for Supreme Industries after weak Q2 show

Margins fell 160 bps in Q2 FY26 amid soft realisations, but analysts expect demand recovery in housing and agriculture to lift Supreme Industries' H2 performance

BLS Polymers files draft papers with Sebi to raise funds through IPO

BLS Polymers has filed preliminary papers with markets regulator Sebi to seek its approval for raising funds through an initial public offering (IPO). The company's maiden public issue is an entirely fresh issue of 1.7 crore equity shares with no offer for sale (OFS) component, according to the draft red herring prospectus (DRHP) filed on Wednesday. Proceeds from the issue to the tune of Rs 69.84 crore will be used for expanding the company's manufacturing facility by increasing the capacity of certain existing products; around Rs 75 crore will be allocated towards meeting the working capital requirements of the company; and the balance will be used for general corporate purposes. BLS Polymers manufactures a wide range of custom polymer compounds used across industries such as telecommunications, power, railways, water, and oil & gas distribution. These compounds are essential for sheathing, jacketing, and insulating wires and cables in power, telecom, and railway sectors, as well

Supreme Industries Q2 results: PAT jumps three-fold to Rs 243 crore

Supreme Industries Ltd has posted around three-fold jump in its profit after tax at Rs 243.19 crore in the quarter ended September 2023, pushed by higher income. It had clocked a profit after tax (PAT) of Rs 82.02 crore in the July-September period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income rose to Rs 2,321.38 crore from Rs 2,092.12 in the year ago quarter. Its expenses were at Rs 2,025.93 crore as against Rs 2,005.52 crore in the same period in the last financial year. The board of directors has declared an interim dividend of Rs 8 per share of face value of Rs 2 each for the financial year 2023-24. Supreme Industries Managing Director M P Taparia said: "Polymer prices remained range-bound during the quarter but witnessed a sharp downward trend during 1st fortnight of October, affecting business sentiments. Now the prices have started stabilising and business activities have started picking up." The company has acquired t

Polymer prices rise by 13% despite plastic ban, hit domestic demand

Prices of plastic raw materials are linked with crude oil price variations in the global markets

Flexible packaging makers react to polymer price rise

This is already prompting users to shift to value-added products