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.
Styrenix reported Q4 FY'26 standalone revenue of INR658 crore (down 6.3% YoY) but EBITDA of INR126 crore surged 51.9% YoY with margin expanding by 734 basis points to 19.2%, driven by better product mix and tight supply conditions. Full-year FY'26 standalone revenue stood at INR2,647 crore with EBITDA margin of 14% and PAT margin of 8.9%. Management confirmed the ABS capacity expansion remains on track for H2 of the ongoing fiscal year, while polystyrene expansion decisions remain under evaluation pending clearer business case. The company stated it has not faced significant raw material supply disruptions despite Middle East supply chain tensions, having diversified procurement across multiple global sources. Thailand operations are expected to contribute more meaningfully as volumes normalize going forward.
The sharp margin improvement in Q4 driven by product mix and opportunistic pricing in tight markets is positive but likely unsustainable in the long term; the ABS expansion on track for H2 supports long-term volume growth and import substitution opportunity in India's ~350,000-370,000 tonne market.