Styrenix Performance Materials Limited has informed the Exchange about Investor Presentation
STYRENIX · price
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Styrenix reported Q1 FY26 consolidated revenue of ₹943.5 Cr, up 35% YoY (driven by the Thailand acquisition), but PAT declined 15.2% YoY to ₹51.9 Cr as finance costs surged 652% YoY to ₹4.6 Cr and depreciation rose 164% on the new Thailand asset. Standalone performance was steady: revenue grew 3.2% YoY to ₹721.1 Cr with PAT at ₹54.9 Cr (down 10.3% YoY). The MD highlighted specialty-led growth, improved product mix, and new high-margin grades. The Thailand plant is running at full projected capacity, HRG facility debottlenecking added 20% capacity, and a new Shanghai sales office was opened to expand APAC reach. Q2 outlook is cautious with expected industry growth of 3-5% due to weak auto sentiment, early monsoon, and AC inventory issues.
Mixed signals for shareholders: revenue growth is strong post-Thailand integration, but profitability is pressured by higher interest and depreciation costs. Margin improvement narrative and capacity expansion are positive, though near-term auto weakness and rising finance costs may keep the stock range-bound.