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Styrenix Performance Materials (506222) investor relations material
Styrenix Performance Materials Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 FY26 standalone sales volume was 45.2 KT, down 12.7% sequentially but up 8.1% year-over-year; revenue was ₹615 crore, down 14.7% sequentially and 5.8% year-over-year.
Consolidated Q2 sales volume was 57.5 KT, down 14.4% sequentially; consolidated revenue was ₹799 crore, down 15.3% sequentially but up year-over-year.
Profit for Q2 FY26 was ₹44.72 crore, down from ₹51.92 crore in Q1 and ₹70.09 crore in Q2 FY25.
Thailand subsidiary contributed 32 KT in H1, with volumes expected to remain flat for the year; acquisition and merger completed in January and June 2025, respectively.
Expanded APAC presence with a new sales office in Vietnam and a wholly owned subsidiary in Dubai.
Financial highlights
Standalone PBDIT for Q2 FY26 was ₹81.8 crore (13.3%), down from ₹86.1 crore in Q1 and ₹105.2 crore in Q2 FY25.
Standalone profit after tax for Q2 FY26 was ₹50.8 crore, down 7.4% sequentially and 27.5% year-over-year.
Consolidated H1 FY26 revenue was ₹1,748.69 crore, up from ₹1,360.77 crore in H1 FY25; PBDIT was ₹188 crore (10.8%).
Standalone sales volume for H1 FY26 was 97 KT, up 7.6% year-over-year; consolidated H1 sales volume was 124.7 KT.
EPS (consolidated) for Q2 FY26 was ₹25.4, down 13.9% sequentially and 36.2% year-over-year.
Outlook and guidance
ABS capacity expansion (₹350 crore capex) to be completed by mid-to-end FY27; robust demand expected in India, especially in auto and appliances.
Q3 FY26 outlook expects >7% YoY growth in polymer demand and auto 4W, >9% in auto 2W, and >15% in large-capacity refrigerators.
Polystyrene volumes expected to improve in H2 due to seasonality and sectoral demand recovery.
Thailand volumes to remain flat in FY26, with growth expected from FY27 onward.
Results for the current period are not directly comparable to previous periods due to business combinations.
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