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Century Enka Q1 FY27 PAT Jumps 301% to Rs 62 Cr; Rs 46 Cr Inventory Gain Aids Margins
Century Enka reported a robust Q1 FY27 with revenue growing 38% YoY to Rs 554 Cr and PAT surging 301% to Rs 62 Cr. The performance was significantly bolstered by a one-time inventory gain of Rs 46.24 Cr, which helped expand EBITDA margins by 1050 bps YoY to 15.46%. Operational volumes grew 12% YoY to 19,199 MT, led by a 69% jump in tyre cord fabric sales. Management expects margins to normalize as low-cost inventory is consumed, while focusing on the upcoming Polyester Tyre Cord Fabric (PTCF) launch in H2 FY27.
Confidence: HIGH
What changedThe company delivered record quarterly profitability and revenue growth, driven by a mix of strong demand in the tyre cord segment and favorable raw material price movements.
Why it mattersThe results demonstrate strong operational leverage and the ability to pass on costs, while the upcoming PTCF launch marks a strategic shift away from the commoditized NTCF segment which is facing radialization headwinds.
Q1 Revenue: Rs 554 CrQ1 PAT: Rs 62 CrInventory Gain: Rs 46.24 CrEBITDA Margin: 15.46%Volume Growth: 12% YoYQ1 Revenue vs TTM Revenue: 32.4%
📅 Short termThe stock may react positively to the sharp earnings jump, though the market will likely discount the portion of profit attributed to the one-time inventory gain.
📈 Long termThe structural shift toward value-added Nylon Filament Yarn (>50% volume target) and entry into the PTCF market are key drivers for long-term re-rating and margin stability.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Margin normalization risk as low-cost inventory is exhausted
- Persistent competition from cheap Chinese imports in the commodity segment
- Volatility in Caprolactam prices
Key Highlights
Revenue reached Rs 554 Cr, a 38% YoY increase, representing approximately 32% of TTM revenue in a single quarter.
EBITDA margin expanded to 15.46%, aided by a Rs 46.24 Cr one-time inventory gain from low-cost opening stock.
Tyre cord fabric sales grew 69% YoY to Rs 306 Cr, benefiting from GST cuts on tyres and automobiles.
Renewable power share stood at 40% for the quarter, with an additional 10.5 MW capacity expected to commission in H2 FY27.
Commercial sales for the new Polyester Tyre Cord Fabric (PTCF) segment are on track to commence in H2 FY27.
👀 What to Watch
Investors should monitor the sustainability of margins in Q2 FY27 as the one-time inventory gains fade and track the execution of the PTCF project which is critical for long-term diversification.
Century Enka Q1-FY27 PAT Jumps 300% YoY to Rs 61.7 Cr; EBITDA Margins Expand to 15.5%
Century Enka reported a robust Q1-FY27 with revenue growing 38.1% YoY to Rs 554.3 Cr. Profitability saw a significant surge, with PAT rising 300.6% YoY to Rs 61.7 Cr, driven by productivity improvements and one-time inventory gains from low-cost opening stock. EBITDA margins expanded by 1,050 bps YoY to 15.46%, though management expects margins to normalize as high-cost inventory is processed. The company maintains a strong liquidity position with net surplus cash of Rs 428.4 Cr, representing ~33% of its market capitalization.
Confidence: HIGH
What changedThe company achieved a significant turnaround in margins and profitability compared to the previous year, alongside progress in diversifying into the Polyester Tyre Cord Fabric segment.
Why it mattersThe shift toward value-added specialty yarns and the entry into PTCF are critical to mitigating the impact of radialization in the traditional Nylon Tyre Cord Fabric market and competing with low-priced Chinese imports.
Q1-FY27 Revenue: Rs 554.3 CrQ1-FY27 PAT: Rs 61.7 CrEBITDA Margin: 15.46%Net Surplus Cash: Rs 428.4 CrCash vs Market Cap: ~32.8%
📅 Short termThe stock may react positively to the sharp earnings beat and margin expansion, though the 'one-time' nature of some gains may temper long-term expectations.
📈 Long termThe structural shift toward value-added products (targeting >50% volume) and the H2-FY27 entry into the PTCF market are the primary long-term value drivers.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Margin normalization risk due to high-cost ending inventory
- Continued pricing pressure from Chinese imports
- Volatility in crude-linked raw material costs
Key Highlights
Revenue from operations increased 38.1% YoY to Rs 554.3 Cr, accounting for ~32.5% of TTM revenue.
EBITDA grew 330.7% YoY to Rs 85.7 Cr, with margins expanding from 4.96% to 15.46% YoY.
Net Profit surged to Rs 61.7 Cr from Rs 15.4 Cr in the same quarter last year.
Net surplus cash on the balance sheet reached Rs 428.4 Cr as of June 2026.
Commercial sales for the new Polyester Tyre Cord Fabric (PTCF) segment are expected to commence in H2-FY27.
👀 What to Watch
Investors should monitor the sustainability of the 15.5% EBITDA margin, as management indicated it was supported by one-time inventory gains. Watch for the commercial launch of the PTCF segment in H2-FY27 as a key growth catalyst.
301% YoY PAT Growth: Century Enka Reports Strong Q1 FY27 Results
Century Enka reported a robust performance for Q1 FY27, with consolidated revenue growing 38% YoY to ₹554.29 Cr. Net profit surged 301% YoY to ₹61.70 Cr, significantly exceeding the ₹15.38 Cr reported in the year-ago quarter. This performance reflects a sharp recovery in margins, with EPS jumping to ₹28.24 from ₹7.04 YoY. The company continues to manage a legacy excise dispute of ₹229.27 Cr, though the re-determined demand stands much lower at ₹7.30 Cr.
Confidence: HIGH
What changedThe company has delivered a significant earnings beat with a 301% YoY increase in profit and a 14.6% sequential revenue growth compared to March 2026.
Why it mattersThe sharp margin expansion suggests successful traction in value-added Nylon Filament Yarn (NFY) and better cost management, critical for a company facing commodity pricing pressure from imports.
Revenue (Q1 FY27): ₹554.29 CrNet Profit (Q1 FY27): ₹61.70 CrYoY Revenue Growth: 38%YoY PAT Growth: 301%EPS (Q1 FY27): ₹28.24Contingent Excise Demand: ₹229.27 Cr
📅 Short termThe stock is likely to react positively to the substantial jump in profitability and sequential revenue growth.
📈 Long termThe structural shift toward specialty yarns and the upcoming entry into the PTCF segment in FY27 remain the primary long-term value drivers.
⚠ Risk flags
- Pending litigation in Supreme Court for excise duty (₹229.27 Cr)
- Raw material price volatility (Caprolactam)
- Competition from cheaper Chinese imports
Key Highlights
Consolidated Revenue from Operations increased 38% YoY to ₹554.29 Cr from ₹401.53 Cr.
Net Profit (PAT) surged 301% YoY to ₹61.70 Cr, up from ₹15.38 Cr in Jun 2025.
Earnings Per Share (EPS) for the quarter rose to ₹28.24 compared to ₹7.04 in the same period last year.
Total Expenses stood at ₹483.44 Cr, with cost of materials consumed accounting for ₹370.92 Cr.
The company maintains a contingent liability regarding an excise demand originally valued at ₹22,927 lacs (₹229.27 Cr), currently pending in the Supreme Court.
👀 What to Watch
Monitor the execution timeline of the Polyester Tyre Cord Fabric (PTCF) project slated for FY27 and the sustainability of current margins against volatile Caprolactam prices.
Century Enka Re-appoints Suresh Sodani as MD & CEO for 2-Year Term Starting April 2027
The Board of Century Enka has approved the re-appointment of Mr. Suresh Sodani as Managing Director & CEO for a further period of two years, effective from April 1, 2027, to March 31, 2029. This move ensures leadership continuity as the company navigates a strategic shift toward the Polyester Tyre Cord Fabric (PTCF) segment and value-added Nylon Filament Yarn (NFY). Under his tenure, the company is targeting to increase value-added NFY to over 50% of total volume. The re-appointment is subject to shareholder approval and comes at a time when the company holds a significant cash surplus of ₹368 Cr for new projects.
Confidence: HIGH
What changedThe Board has formally extended the tenure of the current MD & CEO, Suresh Sodani, for two additional years beyond his current term ending March 2027.
Why it mattersLeadership stability is crucial as the company transitions from commodity-grade products (currently 65% of business) toward specialty yarns to combat pricing pressure from Chinese imports and industry-wide radialization.
Re-appointment Term: 2 yearsEffective Date: 1st April 2027Surplus Cash for Projects: ₹368 CrTarget Value-Added NFY Share: >50%NTCF Market Share: 25%
📅 Short termThe announcement provides clarity on leadership continuity, which is likely to be viewed neutrally to slightly positively by the market in the coming weeks.
📈 Long termStructurally significant as it keeps the architect of the company's diversification strategy (PTCF and specialty NFY) at the helm during the critical FY27-FY29 execution phase.
⚠ Risk flags
- Execution risk of the new PTCF segment
- Continued pricing pressure from Chinese imports
- Adverse impact of tyre radialization on traditional NTCF volumes
Key Highlights
Re-appointment of Mr. Suresh Sodani for a 2-year term from April 1, 2027, to March 31, 2029
Strategic focus on increasing value-added NFY products to exceed 50% of volume within 2-3 years
Entry into the Polyester Tyre Cord Fabric (PTCF) segment expected to contribute to revenue starting FY27
Management of surplus cash position totaling ₹368 Cr for deployment into new growth projects
Company maintains a 25% market share in the Nylon Tyre Cord Fabric (NTCF) segment under current leadership
👀 What to Watch
Investors should monitor the upcoming shareholder vote for approval and track the execution of the PTCF project in FY27, which is critical to offset the impact of radialization in the tyre industry.
Century Enka Approves 2-Year Re-appointment of MD & CEO Suresh Sodani
The Board of Century Enka has approved the re-appointment of Mr. Suresh Sodani as Managing Director & CEO for a further two-year term from April 1, 2027, to March 31, 2029. This extension ensures leadership continuity as the company executes its strategic pivot into the Polyester Tyre Cord Fabric (PTCF) segment, expected to start revenue contribution in FY27. Under Sodani's leadership, the company is also targeting a shift where value-added Nylon Filament Yarn (NFY) exceeds 50% of total volume. The re-appointment is subject to shareholder approval.
Confidence: HIGH
What changedThe Board has formally extended the tenure of the current MD & CEO, Suresh Sodani, for two additional years beyond his current term ending March 2027.
Why it mattersLeadership stability is critical as the company manages a structural transition from bias tyre materials (NTCF) to radial tyre materials (PTCF) and utilizes its strong cash position of Rs 368 Cr for modernization.
Re-appointment Term: 2 yearsEffective Date: 1st April 2027Surplus Cash for Deployment: Rs 368 CrNTCF Market Share: 25%TTM Revenue: Rs 1706 Cr
📅 Short termThe announcement provides leadership certainty, which is likely to be viewed neutrally to slightly positively by the market in the coming weeks.
📈 Long termStructurally significant as it keeps the architect of the company's diversification strategy in place through the critical FY27-FY29 period when new projects are expected to scale.
⚠ Risk flags
- Subject to shareholder approval
- High dependency on a single leader for strategic execution
Key Highlights
Re-appointment for a 2-year term effective from April 1, 2027, to March 31, 2029
Leadership continuity to oversee the deployment of Rs 368 Cr surplus cash into new projects
Strategic focus remains on entering the PTCF segment by FY27 to counter radialization trends
Targeting over 50% volume from value-added NFY products within the next 2-3 years
Company maintains a 25% market share in the Nylon Tyre Cord Fabric (NTCF) segment
👀 What to Watch
Investors should monitor the execution timeline of the PTCF project and the quarterly progress of the NFY product mix shift toward value-added segments.
Century Enka Signs PPA for 9.9 MW Wind-Solar Hybrid Power Plant in Pune
Century Enka Limited has executed a Power Purchase Agreement (PPA) with ABREL Century Energy Limited (an SPV) to establish a 9.9 MW wind-solar hybrid power plant. The power will be used for captive consumption at the company's Bhosari, Pune facility. To qualify as a captive user, Century Enka will acquire at least a 26% equity stake in the SPV. The project is scheduled for commissioning by June 30, 2027, following a correction from a previously announced 2026 date.
Key Highlights
Agreement for a 9.9 MW wind-solar hybrid power plant for captive consumption
Power to be supplied exclusively to the company's facility in Bhosari, Pune
Mandatory 26% equity investment in the SPV to meet captive user regulations
Scheduled commissioning date set for June 30, 2027, with a 3-month grace period
Transaction is a related party transaction conducted at arm's length
👀 What to Watch
Investors should view this as a positive long-term move to reduce energy costs and improve the company's ESG profile. Monitor for updates on the 26% equity investment and project commissioning progress through 2027.
Century Enka Signs PPA for 9.9 MW Wind-Solar Hybrid Power Plant for Captive Use
Century Enka Limited has executed a Power Purchase Agreement (PPA) with ABREL Century Energy Limited (SPV) to establish a 9.9 MW wind-solar hybrid power plant. The power generated will be utilized exclusively for captive consumption at the company's Bhosari facility in Pune, Maharashtra. To comply with the Electricity Act, 2003, Century Enka will acquire at least a 26% equity stake in the SPV. The project is targeted for commissioning by June 30, 2026, which is expected to optimize energy costs and enhance sustainability.
Key Highlights
Execution of PPA for a 9.9 MW wind-solar hybrid power plant with ABREL Century Energy Limited.
Power to be supplied exclusively to the Bhosari, Pune facility under captive consumption rules.
Company will hold a minimum 26% equity share capital in the power producer SPV.
Scheduled commissioning date is June 30, 2026, with a three-month grace period.
The deal is a related party transaction conducted at arm's length.
👀 What to Watch
Investors should view this as a positive step toward long-term operational cost reduction and ESG compliance. Monitor the project's commissioning timeline for potential impact on future utility expenses.
Century Enka Q4 PAT Surges 479% YoY to ₹39 Cr; ₹100 Cr CAPEX Planned for FY27
Century Enka reported a robust Q4 FY26 with PAT growing 479% YoY to ₹39 crores, driven by strong demand in the Tire Cord segment and effective pass-through of raw material costs. While annual revenue saw a 15% decline to ₹1,705 crores, full-year PAT rose 52% to ₹101 crores due to improved operational efficiencies and favorable inventory valuation. The company has announced a ₹100 crore CAPEX plan for FY27 to focus on value-added products and Mother Yarn expansion. Management is also awaiting final notification on anti-dumping duties for filament yarn, which could further protect domestic margins.
Key Highlights
Q4 EBITDA margins expanded by 948 bps YoY to 11.46% on the back of higher sales volumes.
Total sales volume for the quarter grew 14% YoY to 20,711 metric tons.
Planned FY27 CAPEX of ₹100 crores focused on Mother Yarn project and efficiency improvements.
Favorable anti-dumping ruling issued by DGTR regarding Chinese imports; awaiting Finance Ministry notification.
Company maintains a strong liquidity position with over ₹400 crores in cash and investments.
👀 What to Watch
Investors should maintain a positive outlook given the significant margin expansion and upcoming capacity for value-added products. Key monitorables include the final anti-dumping duty notification and the commercialization of the PTCF project in FY27.
Century Enka Q4 PAT Jumps 479% YoY to ₹394 Mn; EBITDA Margins Expand to 11.5%
Century Enka reported a strong Q4 FY26 performance with PAT growing 479.4% YoY to ₹394 Mn, driven by significant EBITDA margin expansion to 11.46% from 1.98% in the previous year. While annual revenue for FY26 declined 14.8% to ₹17,054 Mn, full-year PAT increased by 51.6% to ₹1,008 Mn. The company benefited from robust demand in the Nylon Tyre Cord Fabric (NTCF) segment and successful pass-through of raw material price hikes. Additionally, the company declared a dividend of ₹11 per share and maintains a strong net surplus cash position of ₹4,284 Mn.
Key Highlights
Q4 FY26 EBITDA grew by 529.5% YoY to ₹554 Mn with margins expanding by 948 bps to 11.46%.
Full-year FY26 PAT stood at ₹1,008 Mn, a 51.6% increase over FY25, with an EPS of ₹46.15.
Nylon Tyre Cord Fabric (NTCF) demand remains strong in tractor and 2-3 wheeler segments.
Company expects commercial sales of Polyester Tyre Cord Fabric (PTCF) to begin in FY27.
Net surplus cash on the balance sheet increased significantly to ₹4,284 Mn in FY26 from ₹3,256 Mn in FY25.
👀 What to Watch
Investors should monitor the notification of Anti-Dumping Duties on Chinese imports, which could further protect domestic margins. The strong cash position and entry into the PTCF market provide a positive long-term outlook for the company.
Century Enka Redesignates Suresh Sodani as MD & CEO; Recommends 110% Dividend for FY26
Century Enka has redesignated Suresh Sodani as Managing Director and CEO, ensuring leadership continuity for the Aditya Birla Group company. The Board has recommended a significant dividend of 110%, which translates to ₹11 per equity share for the financial year ended March 31, 2026. Additionally, M/s. Singhi & Co. has been appointed as the new statutory auditor for a five-year term starting FY2026-27. The company also noted a major reduction in a long-standing excise duty demand from ₹22,927 lacs to ₹730 lacs, though the matter remains under legal appeal.
Key Highlights
Recommended a dividend of 110% amounting to ₹11 per equity share of ₹10 face value for FY2025-26.
Redesignated Mr. Suresh Sodani as Managing Director and Chief Executive Officer (MD & CEO).
Appointed M/s. Singhi & Co. as Statutory Auditors for a 5-year term (FY2026-27 to FY2030-31).
Excise duty demand significantly reduced to ₹730 lacs from an original claim of ₹22,927 lacs, currently pending in Supreme Court.
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
👀 What to Watch
Investors should benefit from the healthy 110% dividend payout and the stability provided by Mr. Sodani's leadership. Monitor the final Supreme Court verdict on the excise duty matter, as it represents a potential though significantly reduced liability.
Century Enka FY26: 110% Dividend Declared; Suresh Sodani Redesignated as MD & CEO
Century Enka Limited has announced a dividend of 110% (₹11 per share) for the financial year ended March 31, 2026. The board has approved the appointment of M/s. Singhi & Co. as the new Statutory Auditors for a five-year term, replacing the retiring auditors. Additionally, Mr. Suresh Sodani has been redesignated as Managing Director and CEO to provide strategic focus on capacity expansion and modernization. The company also disclosed an ongoing excise duty dispute where a legacy demand of ₹22,927 lacs has been re-determined to ₹730 lacs, currently pending in the Supreme Court.
Key Highlights
Recommended a dividend of 110% (₹11 per equity share of ₹10 each) for FY25-26.
Appointed M/s. Singhi & Co. as Statutory Auditors for a 5-year term (FY2026-27 to FY2030-31).
Redesignated Mr. Suresh Sodani as Managing Director and Chief Executive Officer (MD & CEO).
Audited financial results for FY26 approved with an unmodified opinion from auditors.
Ongoing excise duty litigation involves a re-determined demand of ₹730 lacs against an original ₹22,927 lacs.
👀 What to Watch
Investors should benefit from the healthy dividend payout and monitor the company's strategic shift towards high-value products and capacity expansion under the redesignated CEO. The legal dispute remains a watch point but the significant reduction in demand amount is a relief.
Century Enka Recommends Rs 11 Final Dividend and Redesignates Suresh Sodani as MD & CEO
Century Enka Limited has recommended a final dividend of Rs 11 per equity share (110%) for the financial year ended March 31, 2026. The Board also approved the audited financial results for FY26 and redesignated Mr. Suresh Sodani as the Managing Director and Chief Executive Officer. Additionally, the company has proposed the appointment of M/s. Singhi & Co. as new statutory auditors for a five-year term. The financial results were issued with an unmodified opinion from the current auditors.
Key Highlights
Recommended a final dividend of Rs 11 per equity share of face value Rs 10 (110% payout ratio).
Redesignated Mr. Suresh Sodani as Managing Director and Chief Executive Officer (MD & CEO).
Appointed M/s. Singhi & Co. as Statutory Auditors for a five-year term starting from the 60th AGM.
Audited financial results for the quarter and year ended March 31, 2026, approved with unmodified opinion.
Ongoing excise duty dispute involving a re-determined demand of Rs 730 lacs remains pending before the Supreme Court.
👀 What to Watch
Investors should benefit from the Rs 11 per share dividend payout and can view the leadership redesignation as a sign of management continuity. Monitor the final approval of the dividend at the upcoming Annual General Meeting.
Century Enka Recommends Rs. 11 Dividend; Redesignates Suresh Sodani as MD & CEO
Century Enka's Board has recommended a dividend of 110%, amounting to Rs. 11 per equity share for the financial year ended March 31, 2026. The company has redesignated Mr. Suresh Sodani as Managing Director and Chief Executive Officer, ensuring leadership continuity. Additionally, Singhi & Co. has been appointed as the new Statutory Auditor for a five-year term. A significant legal update reveals that a previous excise duty demand of Rs. 22,927 lacs has been re-determined to a much lower amount of Rs. 730 lacs, which is currently being contested in the Supreme Court.
Key Highlights
Recommended a dividend of 110% (Rs. 11 per share) for FY 2025-26.
Redesignated Mr. Suresh Sodani as Managing Director and Chief Executive Officer (MD & CEO).
Appointed M/s. Singhi & Co. as Statutory Auditors for a 5-year term starting from the 60th AGM.
Excise duty demand reduced from Rs. 22,927 lacs to Rs. 730 lacs, with the company depositing the latter under protest.
Audited financial results for FY26 approved with an unmodified opinion from outgoing auditors.
👀 What to Watch
Investors should view the healthy dividend payout and leadership stability as positive signs for the company's governance. The significant reduction in potential legal liability regarding excise duty further de-risks the balance sheet.
Century Enka Recommends Rs 11 Dividend and Redesignates Suresh Sodani as MD & CEO
Century Enka Limited has recommended a healthy dividend of Rs. 11 per equity share (110% of face value) for the financial year ended March 31, 2026. The Board has also redesignated Mr. Suresh Sodani as the Managing Director and Chief Executive Officer, ensuring leadership continuity. Furthermore, the company is transitioning its statutory auditors to M/s. Singhi & Co. for a five-year term. While a legacy excise duty matter remains under legal appeal, the re-determined demand of Rs. 730 lacs is significantly lower than the original claim of Rs. 22,927 lacs.
Key Highlights
Recommended a final dividend of 110% (Rs. 11 per equity share of Rs. 10 face value) for FY2025-26.
Redesignated Mr. Suresh Sodani as Managing Director and Chief Executive Officer (MD & CEO).
Appointed M/s. Singhi & Co. as new Statutory Auditors for a 5-year term starting from the 60th AGM.
Auditors issued an unmodified opinion on the financial results for the year ended March 31, 2026.
Excise duty dispute demand re-determined at Rs. 730 lacs vs original Rs. 22,927 lacs; matter is currently with the Supreme Court.
👀 What to Watch
Investors should note the steady dividend payout and management stability as positive signs. Monitor the final audited profit figures in the full report to evaluate the dividend payout ratio and long-term sustainability.
Century Enka Acquires 37.96 Lakh Shares in ABRELCEL for Rs 3.8 Crore
Century Enka Limited has completed the acquisition of 37,96,086 equity shares in ABREL Century Energy Limited (ABRELCEL) for a total cash consideration of approximately Rs 3.8 crore. This investment allows the company to maintain its 26% equity stake in the SPV, which is a regulatory requirement to qualify as a 'Captive User' under the Electricity Act, 2003. ABRELCEL is involved in wind-solar hybrid energy projects and reported a turnover of Rs 1,949.10 lakhs as of March 31, 2025. The move ensures continued access to renewable power for the company's manufacturing operations.
Key Highlights
Acquired 37,96,086 equity shares at a par value of Rs 10 per share
Total investment amount of Rs 3,79,60,860 paid via cash consideration
Maintains 26% shareholding in ABRELCEL to satisfy group captive power norms
ABRELCEL recorded a turnover of Rs 1,949.10 Lakhs for the period ending March 2025
Shares were officially credited to the company's demat account on April 25, 2026
👀 What to Watch
Investors should view this as a positive operational move that secures renewable energy supply and potentially reduces long-term power costs. No immediate action is required as this is a strategic compliance-linked investment.
Century Enka to Invest ₹3.80 Crore in ABREL Century Energy to Maintain 26% Captive Power Stake
Century Enka Limited is acquiring an additional 37,96,086 equity shares in ABREL Century Energy Limited (ABRELCEL) for a total cash consideration of approximately ₹3.80 crore. This investment, made via a rights issue at par value, is necessary to maintain a minimum 26% equity stake in the Special Purpose Vehicle (SPV). By maintaining this stake, Century Enka continues to qualify as a 'Captive User' under the Electricity Act, 2003, ensuring access to wind-solar hybrid energy for its operations. ABRELCEL reported a turnover of ₹1,949.10 lakhs for the fiscal year ending March 2025.
Key Highlights
Acquisition of 37,96,086 equity shares at ₹10 per share via rights issue
Total investment amount stands at ₹3,79,60,860 in cash consideration
Maintains 26% shareholding to comply with captive power project regulations
Target entity ABRELCEL operates in the wind-solar hybrid energy generation sector
ABRELCEL turnover recorded at ₹1,949.10 lakhs as of March 31, 2025
👀 What to Watch
This is a strategic move to secure renewable energy and manage power costs through a captive arrangement. Investors should view this as a positive step toward long-term operational efficiency and ESG compliance.
Century Enka Q3FY26: PAT Surges 69% YoY to ₹24 Cr Despite 17% Revenue Dip
Century Enka reported a strong bottom-line performance for Q3FY26, with PAT rising 69% YoY to ₹24 crores, supported by a significant EBITDA margin expansion of 442 bps to 9.93%. Revenue declined 17% YoY to ₹412 crores as volumes were impacted by weak demand in the filament yarn segment and pricing pressure from Chinese imports. Management highlighted a recovery in tyre cord demand following GST cuts and expects further improvement in Q4 due to seasonal demand and potential anti-dumping duties. The company is also transitioning to renewable energy, aiming for 30-35% share by H2 FY27 to optimize power costs.
Key Highlights
EBITDA grew 50% YoY to ₹41 crores with margins improving to 9.93% from 5.51% YoY.
Revenue for Q3 stood at ₹412 crores, down 17% YoY but up 1% sequentially.
9M FY26 volumes declined 12% YoY to 52,981 metric tons due to subdued demand and import dumping.
Anti-dumping duty recommendations from DGTR for nylon filament yarn are expected by March 2026.
Renewable energy usage currently at 15%, projected to reach 30-35% by the second half of FY27.
👀 What to Watch
Investors should focus on the company's ability to sustain margin improvements and the upcoming DGTR ruling on anti-dumping duties which could curb cheap imports. The commencement of commercial PTCF sales in FY27 remains a key growth trigger to watch.
Century Enka Q3 FY26: PAT Surges 69% YoY to INR 237 Mn Despite Revenue Headwinds
Century Enka Limited reported a strong bottom-line performance for Q3 FY26, with Net Profit jumping 69.3% YoY to INR 237 Mn. Although revenue from operations declined by 16.6% YoY to INR 4,117 Mn due to subdued demand and cheap imports from China, EBITDA margins expanded significantly by 442 basis points to 9.93%. The company is benefiting from renewable energy cost savings at its Bharuch plant and expects improved demand in Q4 following GST cuts on tyres. Management is also progressing with its foray into Polyester Tyre Cord Fabric (PTCF), with commercial sales expected in FY27.
Key Highlights
Q3 FY26 PAT increased 69.3% YoY to INR 237 Mn; EBITDA grew 50.4% YoY to INR 409 Mn.
EBITDA margins improved to 9.93% in Q3 FY26 from 5.51% in the previous year.
Revenue for 9M-FY26 stood at INR 12,219 Mn, a decline of 21.6% compared to 9M-FY25.
Net surplus cash on the balance sheet improved to INR 3,653 Mn as of H1-FY26.
Reported an exceptional item of INR 37 Mn during the quarter related to the impact of New Labour Codes.
👀 What to Watch
Investors should focus on the company's ability to maintain margin expansion through cost efficiencies despite revenue volatility. The upcoming commercialization of the PTCF segment in FY27 and potential anti-dumping duties on Chinese imports are key catalysts to watch.
Century Enka Q3 PAT Surges 70% YoY to ₹23.7 Crore Despite 16.6% Revenue Dip
Century Enka reported a strong bottom-line performance for Q3 FY26, with consolidated Net Profit rising 69.6% YoY to ₹2,373 lacs. This growth came despite a 16.6% decline in Revenue from Operations to ₹41,165 lacs, highlighting significant margin improvement. The profitability was bolstered by a 24% reduction in raw material expenses, which offset a ₹366 lac exceptional charge related to new labor code regulations. While the top line is shrinking, the company's operational efficiency and lower input costs are driving earnings growth.
Key Highlights
Consolidated Net Profit rose 69.6% YoY to ₹2,373 lacs in Q3 FY26 from ₹1,399 lacs in Q3 FY25.
Revenue from Operations declined 16.6% YoY to ₹41,165 lacs, reflecting a challenging demand environment.
Raw material costs decreased significantly by 24% YoY to ₹23,868 lacs, aiding margin expansion.
An exceptional item of ₹366 lacs was recorded as a one-time impact of the New Labour Code on employee benefits.
Earnings Per Share (EPS) improved to ₹10.86 for the quarter compared to ₹6.40 in the previous year's corresponding quarter.
👀 What to Watch
The sharp margin expansion due to lower input costs is a positive sign, though the revenue decline warrants caution regarding demand trends. Investors should monitor the synthetic yarn cycle and the final resolution of the long-standing excise litigation.
