Appointment of Internal Auditors and Cost Auditor for the FY 2026-27.
STYRENIX · price
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Styrenix Performance Materials Ltd reported its Q4 and full year FY 2025-26 audited financial results. Consolidated total income declined to Rs 2,610.27 Crores from Rs 2,744.38 Crores in the previous year, representing a revenue decline of about 5%. Profit after tax fell significantly to Rs 152.65 Crores from Rs 212.71 Crores, a decline of approximately 28%. The company also recorded an exceptional item of Rs 2.78 Crores due to new Labour Code provisions (gratuity Rs 2.28 Cr + leave encashment Rs 0.50 Cr). The Board approved appointment of M/s. Sharp & Tannan Associates as Internal Auditors and M/s. Kailash Sankhlecha & Associates as Cost Auditor for FY 2026-27. Statutory auditors M/s. Talati & Talati LLP issued an unmodified (clean) opinion on the financial results.
The stock may face pressure due to revenue decline and significant PAT contraction. The clean audit opinion provides some comfort, but the profit decline and negative operating cash flows in certain periods are concerns for investors.