Styrenix Performance Materials (506222) Q4 25/26 earnings summary

Executive summary

• Q4 and FY26 performance met management expectations, with strong EBITDA and PAT growth despite lower income, supported by improved margins, product mix, and innovation focus.

• Expanded regional presence with new sales offices in Japan, South Korea, and Vietnam, and enhanced global reach through Thailand operations.

• Audited standalone and consolidated financial results for Q4 and FY26 were approved with an unmodified audit opinion from statutory auditors.

• Completed acquisition and restructuring of Thailand subsidiary, expanding product portfolio and customer base.

Financial highlights

• Standalone Q4 FY26: Total income ₹658.4 crore (down YoY), EBITDA ₹126.1 crore (up YoY), PAT ₹84.3 crore (up YoY).

• Standalone FY26: Total income ₹2,647 crore, EBITDA ₹370 crore (14% margin), PAT ₹234.3 crore (8.9% margin).

• Consolidated FY26: Total income ₹3,454.4 crore (up YoY), EBITDA ₹359.6 crore (10.4% margin), PAT ₹182.8 crore (5.3% margin).

• EPS (consolidated) for FY26 at ₹103.98 (down YoY).

Outlook and guidance

• ABS and SAN expansion in India remains on track, with plans to double output in the next 2–3 years and additional ABS capacity expected online in H2 FY27.

• Continued focus on innovation, customer engagement, and global expansion, leveraging Thailand acquisition.

• Company is monitoring regulatory changes, especially new Labour Codes.