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Latest filing: 2026-08-12 18:02
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17 announcements match the current filters (relevance ≥ 5).
133.9% EBITDA Growth in Q1 FY27 Despite 26% Standalone Volume Dip
Styrenix reported a robust Q1 FY27 with standalone EBITDA surging 133.9% YoY to 201.4 cr, driven by a massive 1,420 bps margin expansion to 26.1%. This financial performance came despite a 26% decline in standalone sales volumes (38.9 KT) caused by Middle East geopolitical disruptions and price volatility in the unorganized sector. Consolidated revenue stood at 1,014.2 cr, supported by the Thailand operations which are currently in a 12-24 month product validation phase. Management confirmed that the brownfield ABS capacity expansion remains on track for commissioning within FY27.
Confidence: HIGH
What changedThe company achieved record-high standalone EBITDA margins of 26.1% despite a significant volume contraction, showcasing strong pricing power or favorable raw material spreads.
Why it mattersThe margin expansion significantly offsets volume risks, and the confirmed expansion timeline provides visibility for growth beyond the current TTM revenue of 3,033 cr.
Standalone EBITDA Growth: 133.9%Standalone EBITDA Margin: 26.1%Consolidated Revenue (Q1): 1014.2 crStandalone Volume Decline: 26%Thailand Acquisition Value: US$ 22.3 million
📅 Short termThe market is likely to react positively to the substantial profit beat and margin expansion, though volume recovery remains a key monitorable.
📈 Long termLong-term growth is anchored by the ABS/SAN capacity expansion and the strategic turnaround of the Thai operations to serve the APAC region.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Geopolitical disruptions in the Middle East affecting supply chains
- High dependency on 100% imported Styrene Monomer
- Competitive intensity from domestic peers adding Mass ABS capacity
Key Highlights
Standalone EBITDA grew 133.9% YoY to 201.4 cr despite volume headwinds
Standalone PAT increased by 150.3% YoY to 137.3 cr in Q1 FY27
Standalone sales volume dipped 26% to 38.9 KT due to geopolitical uncertainty and cautious buying
Consolidated sales volume reached 50.8 KT including the newly acquired Thailand operations
ABS capacity expansion confirmed for completion within the current financial year (FY27)
👀 What to Watch
Watch for the specific commissioning month of the ABS expansion in H2 FY27 and the volume trajectory of the Thailand entity as it completes product validations.
150% YoY Standalone PAT Growth in Q1 FY27; ABS Expansion on Track
Styrenix reported a robust Q1 FY27 with standalone PAT rising 150% YoY to ₹137.3 Cr, driven by a sharp expansion in EBITDA margins from 11.9% to 26.1%. Consolidated revenue reached ₹1,010.9 Cr, reflecting the full integration of the Thailand acquisition which added 185,000 TPA of capacity. Management highlighted successful navigation of supply chain disruptions in the Strait of Hormuz and maintained supply continuity. The company confirmed that the first phase of its ABS capacity augmentation is scheduled for commissioning within the current financial year.
Confidence: HIGH
What changedThe company released its Q1 FY27 investor presentation detailing significant margin improvement and progress on its brownfield expansion plans.
Why it mattersThe sharp margin expansion suggests strong pricing power or efficient raw material management despite global supply chain volatility; the upcoming capacity expansion provides a clear growth lever.
Standalone PAT (Q1 FY27): ₹137.3 CrConsolidated Revenue (Q1 FY27): ₹1,010.9 CrStandalone EBITDA Margin: 26.1%Q1 Cons. Revenue vs TTM Revenue: ~33.3%Thailand Acquisition Capacity: 185,000 TPA
📅 Short termThe stock is likely to react positively to the substantial jump in profitability and margin expansion reported in the standalone results.
📈 Long termStructural growth is supported by the integration of the Thailand business and the multi-phase ABS expansion aimed at capturing domestic import substitution demand.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- High dependency on 100% imported Styrene Monomer
- Geopolitical risks in the Strait of Hormuz affecting supply chains
- Competitive intensity from domestic peers adding Mass ABS capacity
Key Highlights
Standalone EBITDA margin expanded to 26.1% in Q1 FY27 from 11.9% in the same quarter last year.
Consolidated PAT surged to ₹138.3 Cr in Q1 FY27 compared to ₹18.6 Cr in Q1 FY26.
Domestic Polystyrene (PS) capacity has been successfully debottlenecked to 100,000 TPA.
Thailand operations added 85,000 TPA of ABS and 100,000 TPA of SAN capacity to the group.
Standalone sales volume for FY26 stood at 195.0 KT, up from 185.4 KT in FY25.
👀 What to Watch
Monitor the commissioning timeline of the ABS capacity expansion in FY27 and the operational efficiency of the Thailand unit, which is currently undergoing a turnaround to match standalone margins.
Rs 23 Interim Dividend Declared; Q1 Standalone PAT Surges 150% YoY to Rs 137.32 Cr
Styrenix Performance Materials has declared an interim dividend of Rs 23 per share (230% of face value) for FY 2026-27, with a record date of August 10, 2026. The company reported a robust Q1 FY27 standalone performance, with PAT jumping 150% YoY to Rs 137.32 Cr from Rs 54.87 Cr. Standalone revenue grew 6.5% YoY to Rs 768.04 Cr, while the newly acquired Thailand subsidiary contributed Rs 320.90 Cr to consolidated revenue. The standalone EPS for the quarter reached Rs 78.09, representing a significant portion of the previous TTM EPS of Rs 125.37.
Confidence: HIGH
What changedThe company has declared a substantial interim dividend and reported a sharp spike in quarterly profitability, with standalone EPS nearly doubling compared to the previous year's quarterly average.
Why it mattersThe strong earnings growth indicates significant margin expansion in the core engineering polymers business, providing the company with ample liquidity to reward shareholders while integrating international acquisitions.
Interim Dividend: Rs 23 per shareStandalone PAT (Q1 FY27): Rs 137.32 CrStandalone EPS (Q1 FY27): Rs 78.09Thailand Subsidiary Revenue: Rs 320.90 CrDividend Record Date: August 10, 2026
📅 Short termThe stock is likely to react positively to the significant earnings beat and the immediate dividend payout, with the record date just days away.
📈 Long termThe successful integration and turnaround of the Thai operations, alongside domestic capacity debottlenecking, remain the primary structural drivers for the next 2-3 years.
⚠ Risk flags
- High dependency on imported Styrene Monomer
- Lower profitability in the Thailand subsidiary compared to standalone operations
- Foreign exchange volatility risks
Key Highlights
Declared interim dividend of Rs 23 per equity share for FY 2026-27
Standalone PAT increased by 150.2% YoY to Rs 137.32 Cr in Q1 FY27
Standalone Profit Before Depreciation and Tax (PBDT) rose to Rs 200.03 Cr from Rs 84.67 Cr YoY
Thailand subsidiary reported revenue of Rs 320.90 Cr with a net profit of Rs 5.03 Cr
Record date for dividend eligibility fixed as August 10, 2026
👀 What to Watch
Investors should monitor the margin sustainability in the standalone business and the operational turnaround of the Thailand subsidiary, which currently operates at lower margins (1.5% PAT margin) compared to the parent.
Rs 23 Interim Dividend declared as Styrenix Q1 Standalone PAT jumps 150% YoY to Rs 137.32 Cr
Styrenix Performance Materials reported a robust Q1 FY27 with standalone PAT surging to Rs 137.32 Cr from Rs 54.87 Cr in the year-ago period. The Board declared an interim dividend of Rs 23 per share (230% of face value) with a record date of August 10, 2026. Standalone revenue grew 6.5% YoY to Rs 768.04 Cr, while the newly acquired Thai subsidiary contributed Rs 320.90 Cr to consolidated revenue with a modest PAT of Rs 5.03 Cr. The standalone EBITDA (PBDIT) margin showed significant improvement, rising to 26.2% from 11.9% YoY.
Confidence: HIGH
What changedThe company has declared a significant interim dividend and reported a sharp spike in standalone profitability for the first quarter of FY27.
Why it mattersThe strong standalone performance indicates high operating leverage and efficient capacity utilization, while the Thai subsidiary's revenue contribution shows the scale of the recent acquisition, even if margins there are currently thin.
Interim Dividend: Rs 23 per shareStandalone PAT (Q1): Rs 137.32 CrStandalone Revenue (Q1): Rs 768.04 CrThai Subsidiary Revenue: Rs 320.90 CrDividend Yield (at Rs 2520): 0.91%Standalone EBITDA Margin: 26.2%
📅 Short termThe stock is likely to react positively to the strong earnings beat and the dividend announcement in the coming weeks.
📈 Long termLong-term value creation depends on the successful integration and margin improvement of the Thai operations and the planned capacity expansions in the ABS and SAN segments.
⚠ Risk flags
- Low profitability in the Thai subsidiary
- High dependency on imported Styrene Monomer
- Potential margin pressure from domestic peers adding ABS capacity
Key Highlights
Interim dividend of Rs 23 per equity share declared for FY 2026-27
Standalone PAT increased 150% YoY to Rs 137.32 Cr from Rs 54.87 Cr
Standalone EBITDA (PBDIT) more than doubled to Rs 201.40 Cr from Rs 86.12 Cr YoY
Thai subsidiary contributed Rs 320.90 Cr to revenue but with a low PAT of Rs 5.03 Cr
Standalone EPS for the quarter reached Rs 78.09 compared to Rs 31.20 in Q1 FY26
👀 What to Watch
Investors should monitor the margin trajectory of the Thailand subsidiary to see if the turnaround strategy improves its current low profitability (1.5% PAT margin). The sustainability of the standalone segment's high margins amid volatile raw material (Styrene Monomer) prices remains the key monitorable.
Rs 23 Interim Dividend Declared as Styrenix Standalone PAT Surges 150% YoY in Q1 FY27
Styrenix Performance Materials reported a robust Q1 FY27 with standalone PAT jumping 150% YoY to Rs 137.32 cr, driven by significant margin expansion. The board declared an interim dividend of Rs 23 per share (230% of face value) with a record date of August 10, 2026. The newly acquired Thailand subsidiary contributed Rs 320.90 cr to revenue but remains at lower profitability with a PAT of Rs 5.03 cr. Standalone EPS for the quarter reached Rs 78.09, nearly 62% of the entire previous TTM EPS of Rs 125.37.
Confidence: HIGH
What changedStyrenix has delivered a significant earnings beat on the standalone front and initiated a high dividend payout for the new fiscal year.
Why it mattersThe sharp rise in standalone profitability suggests strong operating leverage or favorable raw material spreads, while the Thailand contribution confirms the successful integration of the recent acquisition, albeit at lower initial margins.
Interim Dividend: Rs 23 per shareStandalone PAT (Q1): Rs 137.32 crStandalone EPS (Q1): Rs 78.09Thailand Subsidiary Revenue: Rs 320.90 crDividend Record Date: August 10, 2026
📅 Short termThe stock is likely to react positively to the strong earnings growth and the substantial interim dividend announcement in the coming days.
📈 Long termLong-term value depends on the company's ability to maintain domestic leadership in ABS/SAN and successfully scale the profitability of its international acquisitions in Thailand and Dubai.
⚠ Risk flags
- High dependency on imported Styrene Monomer
- Lower profitability in the newly acquired Thailand operations
- Potential margin pressure from domestic 'Mass ABS' capacity additions
Key Highlights
Standalone PAT increased 150.2% YoY to Rs 137.32 cr from Rs 54.87 cr in the same quarter last year.
Interim dividend of Rs 23 per equity share declared for FY 2026-27.
Standalone revenue from operations grew 6.5% YoY to Rs 768.04 cr.
Thailand step-down subsidiary reported revenue of Rs 320.90 cr and a net profit of Rs 5.03 cr.
Standalone PBDT (Profit Before Depreciation and Tax) rose to Rs 200.03 cr from Rs 84.67 cr YoY.
👀 What to Watch
Monitor the sustainability of the standalone operating margins and the progress of the Thailand subsidiary's turnaround, which currently operates at a ~1.5% PAT margin compared to the standalone entity's ~17.8%.
Styrenix Wins Income Tax Appeal; ₹4.38 Crore Tax Demand Deleted by ITAT
Styrenix Performance Materials Limited has received a favorable order from the Income Tax Appellate Tribunal (ITAT), Ahmedabad, regarding Assessment Year 2021-22. The tribunal has deleted transfer pricing additions of ₹17.11 crore that were previously imposed by the Income Tax Department. As a result, a corresponding tax demand of ₹4.38 crore has been completely set aside, providing a positive financial impact by removing this potential liability.
Key Highlights
ITAT Ahmedabad allowed the company's appeal for Assessment Year 2021-22.
Deletion of transfer pricing additions amounting to ₹17,11,13,551 (approx. ₹17.11 crore).
Cancellation of the corresponding tax demand totaling ₹4.38 crore.
The order reverses the Assessment Unit's previous order dated October 29, 2024.
👀 What to Watch
Investors should view this as a positive development as it successfully resolves a significant tax litigation and prevents a cash outflow of ₹4.38 crore.
Styrenix Q4 FY26 PAT Surges 58.6% to ₹84.3 Cr; EBITDA Margins Expand to 19.2%
Styrenix Performance Materials reported a robust Q4 FY26 with PAT growing 58.6% YoY to ₹84.3 crores, despite a 6.3% dip in total income to ₹658 crores. EBITDA margins saw a significant expansion of 734 basis points to reach 19.2%, driven by effective management of raw material spreads. For the full year FY26, the company maintained strong return ratios with an ROE of 25% and ROCE of 32%. While global supply chain disruptions have increased raw material costs, the company has successfully passed these through to finished product prices.
Key Highlights
Q4 FY26 EBITDA grew 51.9% YoY to ₹126 crores with margins expanding to 19.2%.
Full-year FY26 standalone sales volume increased by 5.2% to 195 KT.
Consolidated annual PAT for FY26 stood at ₹182.8 crores on a total income of ₹3,454.4 crores.
ABS expansion remains on track, while Polystyrene expansion is being evaluated based on demand and import pressures.
Healthy return ratios maintained with ROE at 25% and ROCE at 32% for FY26.
👀 What to Watch
Investors should focus on the company's ability to maintain these elevated margins amidst volatile raw material costs and monitor the progress of the ABS capacity expansion. The stock remains a strong play on the specialty chemicals and polymers space given its high return ratios and prudent balance sheet.
Styrenix Q4 FY26 Standalone PAT Jumps 58% YoY to ₹84.3 Cr; EBITDA Margins Expand to 19.2%
Styrenix Performance Materials reported a strong standalone performance for Q4 FY26, with PAT rising 58.4% YoY to ₹84.3 crore despite a 6% decline in total income. The company achieved significant margin expansion, with standalone EBITDA margins climbing to 19.2% from 11.8% in the previous year's quarter. On a consolidated basis, FY26 revenue grew to ₹3,454.4 crore following the acquisition of the Thailand business, though full-year consolidated PAT was lower at ₹182.8 crore due to acquisition-related adjustments. Management is focusing on high-growth segments like Electric Vehicles (EV) and appliances while expanding its sales presence in Japan, South Korea, and Vietnam.
Key Highlights
Standalone Q4 FY26 PAT increased 58.4% YoY to ₹84.3 crore from ₹53.2 crore.
Standalone EBITDA margins expanded significantly to 19.2% in Q4 FY26 compared to 11.8% in Q4 FY25.
Consolidated FY26 revenue reached ₹3,454.4 crore, up from ₹2,994.6 crore in FY25, reflecting the Thailand acquisition impact.
Standalone sales volume for FY26 grew to 195.0 KT from 185.4 KT in the prior year.
The company expanded its global footprint with new sales offices in Japan, South Korea, and Vietnam.
👀 What to Watch
Investors should take note of the significant margin improvement and the successful integration of the Thailand acquisition which is driving revenue growth. Monitor the company's ability to sustain these high margins and its penetration into the EV and appliance sectors as key growth catalysts.
Styrenix FY26 Net Profit Drops 31.7% to ₹158.55 Cr; New Auditors Appointed
Styrenix Performance Materials reported a decline in financial performance for the fiscal year ended March 31, 2026, with total income falling to ₹2,648.70 crore from ₹2,755.16 crore in the previous year. Net profit saw a significant drop of approximately 31.7%, landing at ₹158.55 crore compared to ₹232.17 crore in FY25. The company recognized an exceptional item of ₹2.78 crore related to the implementation of new Labour Codes affecting gratuity and leave encashment. Additionally, the board approved the appointment of new internal and cost auditors for the upcoming financial year 2026-27.
Key Highlights
Total Income for FY26 decreased by 3.8% YoY to ₹2,648.70 crore.
Net Profit (PAT) declined sharply by 31.7% YoY to ₹158.55 crore from ₹232.17 crore.
Earnings Per Share (EPS) dropped to ₹90.16 from ₹132.02 in the previous fiscal year.
Exceptional item of ₹2.78 crore recorded due to liabilities arising from new Government Labour Codes.
M/s. Sharp & Tannan Associates appointed as Internal Auditors for FY 2026-27.
👀 What to Watch
Investors should exercise caution as the company faces significant margin pressure and a double-digit decline in profitability. Monitor the management's commentary on raw material costs and demand in the Engineering Polymers segment to see if a recovery is likely in FY27.
Styrenix FY26 PAT Rises to ₹224 Cr Despite Revenue Dip; Q4 PAT Up 43% YoY
Styrenix Performance Materials reported a 5.7% increase in annual net profit to ₹224.21 crore for FY26, despite a 4.9% decline in total income to ₹2,610.27 crore. For Q4 FY26, the company achieved a significant year-on-year profit growth of 43%, reaching ₹18.06 crore compared to ₹12.60 crore in Q4 FY25. Profitability was slightly impacted by an exceptional charge of ₹2.78 crore related to new Labour Code liabilities. Overall, the company demonstrated improved operational efficiency as margins expanded despite a lower top-line performance.
Key Highlights
Annual Net Profit (PAT) grew by 5.7% YoY to ₹224.21 crore in FY26 vs ₹212.17 crore in FY25.
Q4 FY26 PAT increased to ₹18.06 crore, a 43% jump from ₹12.60 crore in the same quarter last year.
Total Income for FY26 declined to ₹2,610.27 crore from ₹2,744.38 crore in FY25.
Exceptional item of ₹2.78 crore recognized due to new Labour Code gratuity and leave encashment liabilities.
Full-year Earnings Per Share (EPS) improved to ₹127.50 from ₹120.66 in the previous fiscal year.
👀 What to Watch
Investors should take note of the company's ability to grow its bottom line and EPS despite a contraction in revenue, suggesting strong cost management. The stock remains attractive for those looking at margin-resilient players in the engineering polymers space.
Styrenix Q3 Standalone PAT Dips 7.5% to ₹44.3 Cr; Thailand Integration Impacts Margins
Styrenix Performance Materials reported a 6.2% YoY decline in standalone total income to ₹648.8 crore for Q3 FY '26, while standalone EBITDA margins improved to 11.7%. The consolidated performance was significantly impacted by the recently acquired Thailand business, which faced inventory losses due to falling raw material prices and a transition to new brand names. Despite the profit dip, standalone sales volumes grew by 7.6% YoY to 51.1 KT. Management confirmed that 90% of Thailand customers have been successfully retained during the brand validation process.
Key Highlights
Standalone EBITDA margins improved by 80 basis points YoY to 11.7% despite lower revenue.
Standalone sales volume grew 7.6% YoY to 51.1 KT, while consolidated volume reached 66 KT.
Consolidated PAT stood at ₹16.3 crore, dragged down by inventory losses in the Thailand subsidiary.
One-time impact of ₹3.1 crore recorded due to new labor code implementation regarding gratuity and leave encashment.
Thailand business successfully transitioned most customers from INEOS brands to internal brands Absolac and Absolan.
👀 What to Watch
Investors should monitor the stabilization of the Thailand subsidiary as inventory losses are expected to be temporary during the brand transition phase. The standalone business remains fundamentally strong with volume growth, suggesting potential for consolidated recovery once the Thailand operations normalize.
Styrenix Receives INR 13.28 Crore Income Tax Demand; Cites Favorable High Court Precedent
Styrenix Performance Materials Limited has received an assessment order from the Income Tax Department for AY 2022-23, raising a demand of INR 13.28 crore. The demand is primarily related to transfer pricing adjustments on international transactions. Management has stated that this specific issue is already covered by a favorable Gujarat High Court order in the company's own case for earlier years. Consequently, the company expects a successful outcome at the appellate stage and does not foresee a material financial impact.
Key Highlights
Income Tax Department raised a demand of INR 13,28,47,790 for Assessment Year 2022-23.
The order pertains to transfer pricing matters relating to international transactions under Section 143(3).
Company claims the issue is directly covered by a favorable Gujarat High Court ruling in its own previous cases.
Management believes there is a strong likelihood of success at the appellate stage and no material impact on operations.
The order was received on January 31, 2026, and disclosed to exchanges on February 02, 2026.
👀 What to Watch
Investors should monitor the progress of the tax appeal, but the existing legal precedent in the company's favor suggests limited risk of actual cash outflow. No immediate action is required as the company maintains a strong legal position.
Styrenix Q3 Standalone PAT at ₹44.3 Cr; Consolidated Impacted by Thailand Inventory Losses
Styrenix Performance Materials reported a standalone PAT of ₹44.3 crore for Q3 FY26, a slight decline from ₹47.7 crore YoY, despite a 7.6% increase in sales volumes to 51.1 KT. Standalone EBITDA margins improved to 11.7% from 10.9%, showing domestic resilience. However, consolidated performance was significantly dragged down by the newly acquired Thailand operations, with consolidated PAT falling to ₹16.3 crore due to inventory losses caused by falling raw material and product prices. Management remains optimistic about the medium-term benefits of the Thailand acquisition and notes a recovery in Polystyrene demand.
Key Highlights
Standalone sales volume grew 7.6% YoY to 51.1 KT in Q3 FY26, indicating strong market leadership in ABS and SAN.
Standalone EBITDA margins expanded by 80 bps YoY to 11.7% despite a slight dip in total income.
Consolidated PAT dropped to ₹16.3 crore, impacted by inventory losses in the Thailand subsidiary post-acquisition.
Total global capacity now stands at 185,000 TPA for ABS and 200,000 TPA for SAN following the Thailand expansion.
Polystyrene demand showed recovery in Q3 after a sluggish first half of the fiscal year.
👀 What to Watch
Investors should monitor the stabilization of the Thailand operations and the trajectory of global polymer prices, as current consolidated earnings are being masked by one-time inventory losses. The standalone business remains fundamentally strong with improving margins.
Styrenix Q3 Profit at ₹44.35 Cr; Declares ₹23 Interim Dividend; Re-appoints Director
Styrenix Performance Materials reported a consolidated net profit of ₹44.35 crore for Q3 FY26, a sequential decline from ₹50.26 crore in the previous quarter. The board has declared a substantial second interim dividend of ₹23 per share (230%), maintaining its reputation for high shareholder payouts. Revenue from operations grew to ₹547.62 crore from ₹515.89 crore in Q2, though bottom-line performance was slightly impacted by a ₹3.10 crore exceptional item related to new labour code provisions. Leadership continuity is secured with the re-appointment of Mr. K. Ravishankar as Whole-time Director for a two-year term starting April 2026.
Key Highlights
Declared a 2nd interim dividend of ₹23 per equity share (230%) for FY 2025-26 with a record date of Feb 5, 2026.
Consolidated revenue for Q3 FY26 increased to ₹547.62 crore from ₹515.89 crore in the preceding quarter.
Net profit for the quarter stood at ₹44.35 crore, reflecting a sequential dip from ₹50.26 crore.
Recognized an exceptional item of ₹3.10 crore due to incremental liabilities from new Government Labour Codes.
Mr. K. Ravishankar re-appointed as Whole-time Director (KMP) for a period of 2 years effective April 1, 2026.
👀 What to Watch
Investors should focus on the high dividend yield and ensure they hold shares by the February 5 record date to eligible for the ₹23 payout. While revenue growth is healthy, the slight sequential margin compression warrants a watch on raw material and operating costs.
Styrenix Declares ₹23 Interim Dividend; Q3 Net Profit at ₹44.35 Crore
Styrenix Performance Materials has declared a substantial second interim dividend of ₹23 per share (230% of face value) for FY 2025-26. The company reported a slight year-on-year decline in standalone net profit to ₹44.35 crore for Q3 FY26, down from ₹47.10 crore. Revenue also saw a marginal dip to ₹647.62 crore compared to ₹662.16 crore in the same period last year. The board has fixed February 5, 2026, as the record date for the dividend payout.
Key Highlights
Declared 2nd interim dividend of ₹23 per equity share for FY 2025-26
Standalone Q3 FY26 Revenue at ₹647.62 Cr vs ₹662.16 Cr YoY
Net Profit (PAT) for the quarter stood at ₹44.35 Cr, impacted by a ₹3.12 Cr exceptional item
Exceptional item of ₹3.12 Cr relates to incremental liability from new Labour Code notifications
Re-appointed Mr. K. Ravishankar as Whole-time Director for a 2-year term starting April 2026
👀 What to Watch
The high dividend payout remains a strong positive for shareholders, offering a significant yield. Investors should hold the stock before the February 5 record date to be eligible for the ₹23 per share dividend.
Styrenix Declares Rs. 23 Interim Dividend; Q3 Revenue Rises to Rs. 643.89 Crore
Styrenix Performance Materials has declared a significant second interim dividend of Rs. 23 per share (230%) for FY 2025-26, with the record date fixed as February 05, 2026. The company reported a steady revenue growth to Rs. 643.89 crore in Q3 FY26, although net profit slightly dipped to Rs. 44.35 crore from Rs. 47.70 crore year-on-year. Profitability was marginally impacted by an exceptional item of Rs. 3.12 crore related to new Labour Code provisions for gratuity and leave encashment. The board also approved the re-appointment of Mr. K. Ravishankar as Whole-time Director for two years.
Key Highlights
Declared 2nd Interim Dividend of Rs. 23 per equity share with a record date of February 05, 2026
Q3 FY26 revenue from operations increased to Rs. 643.89 crore vs Rs. 611.74 crore in Q3 FY25
Net profit for the quarter stood at Rs. 44.35 crore, reflecting a slight YoY decline from Rs. 47.70 crore
Exceptional charge of Rs. 3.12 crore recognized due to estimated liabilities from new Government Labour Codes
Re-appointed Mr. K. Ravishankar as Whole-time Director for a 2-year term effective April 01, 2026
👀 What to Watch
The high dividend payout remains a key attraction for shareholders, reflecting the company's strong cash position despite minor margin pressure. Investors should hold for the dividend yield while monitoring the impact of raw material costs on future earnings.
Styrenix Q3 PAT at ₹44.35 Cr; Declares ₹23 Interim Dividend
Styrenix Performance Materials reported a slight year-on-year decline in consolidated revenue to ₹646.55 crore for Q3 FY26. Net profit for the quarter stood at ₹44.35 crore, down from ₹47.10 crore in the previous year, partly due to a ₹3.12 crore exceptional item related to new labor code provisions. To reward shareholders, the board has declared a substantial second interim dividend of ₹23 per share (230%). Additionally, the company has extended the tenure of its Whole-time Director, Mr. K. Ravishankar, for two more years.
Key Highlights
Consolidated Net Profit for Q3 FY26 stood at ₹44.35 crore compared to ₹47.10 crore in Q3 FY25.
Declared a 2nd Interim Dividend of ₹23 per equity share with a record date of February 05, 2026.
Total Income for the quarter was ₹646.55 crore, a marginal decrease from ₹662.16 crore YoY.
Exceptional item of ₹3.12 crore recognized due to incremental gratuity and leave encashment liabilities under new Labour Codes.
Mr. K. Ravishankar re-appointed as Whole-time Director for a 2-year term effective April 01, 2026.
👀 What to Watch
The high dividend payout remains the primary catalyst for investors; those seeking yield should note the February 5th record date. While earnings were slightly soft, the underlying business remains stable despite regulatory-driven exceptional costs.
