Chemplast Sanmar Limited has informed the Exchange about Investor Presentation
CHEMPLASTS · price
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Awaiting price reaction for this filing.
Chemplast Sanmar reported weak Q1 FY'26 results with consolidated revenue of Rs. 1,100 crores (down 4% YoY from Rs. 1,145 crores) and EBITDA collapsing to just Rs. 17 crores (down 86% YoY from Rs. 124 crores), resulting in a net loss of Rs. 64 crores versus a profit of Rs. 24 crores in Q1 FY'25. EBITDA margin compressed sharply to 2% from 11% YoY, driven by continued dumping of Paste PVC and Suspension PVC into India at low prices. The DGTR has initiated an anti-dumping investigation on imports from EU and Japan for Paste PVC, with final findings expected by Q4 FY'26, while the Supreme Court has reinstated proceedings on Suspension PVC ADD. Management guided that margins in PVC are likely to improve over the medium to long term on global demand-supply tightness, but chloromethanes and hydrogen peroxide will face short-term margin pressure. CMCD dispatches remained on track with a healthy product pipeline, and MPB Phase 3 and MPB 4 civil works are progressing for completion by Q3 FY'26.
Sharp YoY decline in profitability and continued pricing pressure in core PVC segments are near-term negatives, but expected anti-dumping duty outcomes and management's confidence in medium-term margin recovery could act as future catalysts. Stock may remain under pressure until there is clarity on ADD impositions and demand recovery.