Century Enka Limited has informed the Exchange about Transcript
CENTENKA · price
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Century Enka reported a weak Q1 FY26 with revenue falling 24% YoY to INR402 crores, EBITDA halving to INR20 crores (margin at 4.96%, down from prior year), and PAT down 37% to INR15 crores. Volumes declined 17% YoY to 17,072 metric tons as Tyre Cord Fabric sales dropped 35% on weak tyre industry demand, Chinese imports, and a slow auto sector, while Filament Yarn sales fell 15% due to a fire at the Bharuch plant (now fully operational since June 2025). Management expressed hope for a demand pickup in Q2 supported by festive season and good monsoon, with new Polyester Tyre Cord Fabric (PTCF) capacity targeted for Q4 commissioning (potential INR100–120 crore revenue). The company is also lobbying for Quality Control Orders and minimum import prices to curb Chinese imports.
Shareholders should brace for a near-term challenging quarter with margins below the 6–8% target band, but management's optimism on H2 demand recovery, Bharuch plant normalization, and PTCF expansion offer a potential re-rating catalyst. Stock may remain volatile until clear evidence of demand revival and margin recovery emerges.