Styrenix Performance Materials Limited has informed the Exchange about Transcript
STYRENIX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Styrenix reported Q1 FY26 standalone revenue of INR721 crores (up 3.1% YoY), PBDIT margin of 11.9% (vs 10.8% QoQ), and PAT of INR54.9 crores. Standalone sales volume hit a record 51.8 KT, up 8.1% QoQ, though management flagged a weak Q2 outlook due to early monsoons hitting consumer durables, two-wheelers, and stationery demand. Consolidated revenue stood at INR943.5 crores including the newly acquired Thailand subsidiary, which is currently running at just 50-55% utilization and is dragging consolidated PAT margin down to 5.5%. Management reaffirmed its multi-year expansion plan: 50,000 tons of new ABS capacity in FY27 and another 50,000 tons in FY28, alongside HIPS expansion, backed by INR325-350 crores of capex through March 2027. Management said it remains on track for 10-12% annualized volume growth despite near-term softness, while specialty ABS continues to contribute 60-70% of total ABS sales.
Record standalone volumes and steady margins are positives, but Thailand's underutilization, weak Q2 demand outlook, and elevated capex commitments could keep near-term stock action range-bound. The confirmed multi-year capacity roadmap and management's commitment to 10-12% volume growth support the long-term growth story.