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Chemplast Sanmar (CHEMPLASTS) investor relations material
Chemplast Sanmar Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY26 revenue was INR 1,033 crores, with EBITDA at INR 43 crores, showing improvement quarter-on-quarter and year-on-year, mainly due to better Suspension PVC margins.
The company commercialized 17 products in the Custom Manufactured Chemicals Division, maintaining a healthy product pipeline.
The Board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2025.
Statutory auditors issued unmodified limited review reports for both standalone and consolidated results.
Ongoing capacity expansions in PVC, CMCD, and refrigerant gas, along with green power initiatives, are expected to improve future performance.
Financial highlights
Q2 FY26 consolidated revenue was INR 1,033 crores, up from INR 992.75 crores year-over-year; H1 FY26 revenue was INR 2,133 crores.
EBITDA for Q2 FY26 was INR 43 crores, up from INR 26 crores last year; EBITDA margin improved to 4% from 3% YoY.
Consolidated net loss for Q2 FY26 was INR 51.04 crores, compared to a net loss of INR 31.26 crores in Q2 FY25; H1 FY26 net loss was INR 115.29 crores.
As of September 30, 2025, consolidated net debt was INR 1,319 crores.
Standalone total assets as of September 30, 2025, were INR 6,472.97 crores; consolidated total assets were INR 6,473.30 crores.
Outlook and guidance
Margins in Specialty Paste PVC are expected to improve and sustain over the medium to long term due to global demand-supply tightness.
CSM business guidance of INR 1,000 crores by FY27 is maintained, with expected EBITDA margins of 20%-25% as scale ramps up.
CMCD expected to be self-sustaining in operating cash flow by FY27-28, with future CapEx to be funded from internal accruals.
Caustic Soda and Hydrogen Peroxide margins are likely to improve as demand growth outpaces supply.
Suspension PVC margins may remain under pressure short-term but are expected to recover as downstream demand expands.
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