Supreme Petrochem Q3 Profit Plunges 80% Amid Revenue, EBITDA Tumble

• Supreme Petrochem reported an 80% year-on-year (YoY) decline in net profit to ₹30.6 crore for Q3, down from ₹160 crore.
• Revenue for the December quarter fell 66% YoY to ₹1,280.9 crore, compared to ₹3,800 crore last year.
• EBITDA also saw a significant 70% decline, dropping to ₹102 crore from ₹340 crore a year earlier.
• Operating margin softened to 8% from 8.9% in the corresponding quarter of the previous year.
• The company flagged the impact of India’s new labour codes, providing for gratuity and leave encashment liabilities as an exceptional item.

Why It Matters: Supreme Petrochem's Q3 earnings significantly dropped due to reduced revenue, EBITDA, and new labour codes.