Styrenix Performance Materials has announced its audited financial results for the quarter and year ended March 31, 2026. The company reported standalone annual revenue of ₹2,640.27 crore and a net profit of ₹234.27 crore for the financial year. The Board of Directors also approved the appointment of new internal and cost auditors for the upcoming 2026-27 fiscal year to further strengthen operational oversight and compliance standards.
Financial Performance Summary
For the quarter ended March 31, 2026, Styrenix Performance Materials recorded a standalone revenue of ₹656.36 crore, with a profit for the period reaching ₹84.31 crore. On a consolidated basis, the company reported an annual revenue of ₹3,438.03 crore and a profit attributable to the company of ₹182.85 crore for the year ending March 31, 2026.
Exceptional Items and Operational Impact
The company noted the impact of new Labour Codes notified by the Government of India in November 2025. This resulted in an incremental financial impact due to adjustments in gratuity liability and leave encashment, totaling ₹2.78 crore. This amount has been disclosed as an Exceptional Item in the audited financial statements, reflecting the company’s transparent accounting approach to regulatory changes.
Governance and Auditing Appointments
Following recommendations from the Audit Committee, the Board of Directors has formalized key auditing appointments for the 2026-27 financial year. M/s. Sharp & Tannan Associates have been appointed as the Internal Auditors, while M/s. Kailash Sankhlecha & Associates have been appointed as the Cost Auditor to audit the company’s cost records. These appointments demonstrate the company’s commitment to robust financial governance and transparency as it enters the new fiscal year.
Source: BSE
