Styrenix Performance Materials (506222) Q4 24/25 earnings summary

Executive summary

• Achieved robust demand and significant growth in FY 2025, with strong sales and profitability improvements, supported by product segment growth and process optimization.

• Completed acquisition and management handover of the Thailand subsidiary (Ineos Styrolution Thailand) in January 2025, now included in consolidated results and expanding global presence in ABS and SAN markets.

• Audited standalone and consolidated financial results for the year ended March 31, 2025, were approved with an unmodified audit opinion from statutory auditors.

• Focus on value-added products, sustainable growth, and ongoing capacity expansion in ABS.

• New appointments for secretarial, internal, and cost auditors were approved for FY 2025-26.

Financial highlights

• Standalone revenue for FY 2025 was ₹2,744.38 crore, up 23.5% YoY; standalone PAT was ₹232.2 crore (8.5% margin), up 34.1% YoY.

• Consolidated revenue for FY 2025 was ₹2,982.42 crore, up 34.2% YoY; consolidated PAT was ₹235.2 crore (7.9% margin), up 35.8% YoY.

• Standalone sales volume for FY 2025 was 186 kilotons (+12.8% YoY); consolidated sales volume was 203 kilotons.

• EPS (consolidated) for FY 2025 was ₹133.73, up 35.8% YoY.

• Q4 FY 2025 standalone sales volume: 48.3 kilotons; revenue: INR 702 crores; PAT: INR 53.1 crores (7.6% margin).

Outlook and guidance

• Capacity for FY 2026 expected to exceed 200,000 tons, with further debottlenecking and ABS capacity expansion of 50 kilotons to be commissioned by late 2026.

• Engineering studies for HIPS capacity enhancement underway; brownfield ABS expansion on track.

• Confident in achieving volume growth of around 10% over FY 2025, subject to demand; Q1 FY26 outlook muted due to seasonal and auto market factors, with recovery expected in Jul–Sep quarter.

• Continued focus on safety, sustainability, and strengthening position in specialty products and key industries.

• No formal forward-looking statements on spreads or margins, but management expects to meet internal targets.