Styrenix Performance Materials Limited reported its Q4 FY ’26 financial results, showcasing a 51.9% growth in EBITDA to INR 126 crores and a 58.6% increase in Profit After Tax (PAT) to INR 84.3 crores. Despite a 6.3% dip in total income for the quarter to INR 658 crores, the company maintained healthy return ratios, with ROE and ROCE at 25% and 32% respectively for the full fiscal year.
Quarterly Financial Performance
During the fourth quarter of FY ’26, Styrenix Performance Materials Limited demonstrated strong operational efficiency despite a challenging supply chain environment. While total quarterly income experienced a 6.3% year-on-year decline, the company achieved a robust 51.9% growth in EBITDA, reaching INR 126 crores. Profitability also saw significant gains, with PAT rising 58.6% to INR 84.3 crores. The EBITDA margin expanded by 734 basis points to reach 12.8%.
Annual Financial Overview
On an annual basis, the company reported a total income of INR 2,647 crores, reflecting a 3.9% dip largely attributed to pricing adjustments. Annual EBITDA stood at INR 370 crores with a 14% margin, while PAT for the full year reached INR 234.3 crores with 8.9% margins. Annual sales volume grew by 5.2% year-on-year, totaling 195 KT.
Strategic Outlook and Expansion
Management reaffirmed that the company’s planned expansion for ABS in India remains on track, with additional capacity expected to come online in the second half of FY ’27. The company continues to focus on import substitution, projecting an ongoing opportunity for growth of 30,000 to 50,000 tons of additional demand annually. The Thailand operations are viewed as a critical strategic asset, with the company working towards achieving 60% to 70% capacity utilization to drive profitability.
Market Dynamics and Commodity Pricing
Addressing the volatility in raw material costs, management noted that while the supply chain remains fluid due to global disruptions, the company has successfully leveraged a formula-based pricing strategy for over 70% of its business. This approach helps mitigate the impact of price fluctuations. Looking ahead, the company continues to focus on high-margin segments and value-added OEM relationships, maintaining a cautious yet optimistic stance on demand robustness in the Indian market.
Source: BSE
