Styrenix Performance Materials Limited has announced its financial results for the quarter and year ended March 31, 2026. The company reported a standalone Profit After Tax (PAT) of INR84.3 crores for Q4 FY26, a growth of 58.6% compared to the corresponding period of the previous year. The EBITDA for the quarter stood at INR126 crores, a growth of 51.9%, with an EBITDA margin of 19.2%, an increase of 734 basis points. Total income for Q4 FY26 stood at INR658 crores, a dip of 6.3%, while sales volume stood at 46.1 KT, a dip of 4.6%.

On a consolidated basis, total income for Q4 FY26 stood at INR837.9 crores. The EBITDA was INR128 crores with a margin of 15.3%, while PAT stood at INR73.5 crores with a margin of 8.8%. Consolidated sales volume for the quarter was 57.5 KT. For the full year FY26, standalone total income stood at INR2,647 crores, with a PAT of INR234.3 crores and an 8.9% margin. Consolidated total income for the year was INR3,454.4 crores, with a PAT of INR182.8 crores and a margin of 5.3%.

Financial Highlights

The company's return ratios remained robust, with Return on Equity (ROE) and Return on Capital Employed (ROCE) standing at nearly 25% and 32%, respectively, for FY26 on a standalone basis.

Operational Outlook

During the earnings call, management noted that while raw material prices have increased due to global supply chain disruptions, finished product prices have moved in tandem. The company has not faced significant manufacturing disruptions and continues to procure from diversified sources. Regarding the Thailand operations, management indicated that the facility is expected to start generating returns once capacity utilization reaches 60% to 70%. The company remains on track with its ABS capacity expansion in India, expected in the second half of the fiscal year.

Styrenix Performance Materials announced its audited standalone and consolidated financial results for the fourth quarter and financial year ended March 31, 2026. The Board of Directors approved the results at their meeting held on May 16, 2026, along with the Auditors' Report. Statutory auditors M/s. Talati & Talati LLP issued an Unmodified Opinion on both standalone and consolidated financial statements. Pursuant to Regulation 30 read with Schedule III and Regulation 47 of the SEBI Listing Regulations, the company published extracts of the audited results on May 18, 2026, in Vadodara Samachar (in Gujarati) and Business Standard (in English). Notably, Q4 EBITDA surged to 1.5B rupees from 869M in the year-ago period, with the EBITDA margin expanding sharply to 19.2% from 11.8% on a year-on-year basis.

Standalone Financial Performance

On a standalone basis, the company reported steady profitability for FY26. Revenue from operations declined marginally to ₹2,640.27 crores from ₹2,744.38 crores in the previous year, while total income stood at ₹2,646.70 crores compared to ₹2,755.16 crores. Despite the revenue moderation, the company improved its cost efficiency, with total expenses reducing to ₹2,276.98 crores from ₹2,399.36 crores. Net profit for the full year rose marginally to ₹234.27 crores from ₹232.17 crores.

The following table summarises the standalone financial results:

On the balance sheet, total assets stood at ₹1,473.03 crores as at March 31, 2026, compared to ₹1,388.99 crores in the prior year. Total equity improved to ₹990.41 crores from ₹850.69 crores. Standalone cash and cash equivalents at year-end were ₹27.64 crores, with net cash inflow from operating activities at ₹268.03 crores versus ₹146.64 crores in the prior year.

Consolidated Financial Performance

On a consolidated basis, Styrenix Performance Materials reported revenue from operations of ₹3,438.03 crores for FY26, an increase from ₹2,982.42 crores in FY25. Total consolidated income grew to ₹3,454.40 crores from ₹2,994.60 crores. Q4 consolidated net profit came in at 735M rupees, compared to 562M in the year-ago quarter, while Q4 consolidated revenue stood at 8.3B rupees versus 9.4B rupees in the prior year period. However, full-year consolidated net profit declined to ₹182.85 crores from ₹233.72 crores, impacted by higher depreciation and amortisation expenses of ₹114.09 crores (versus ₹55.04 crores) and increased finance costs of ₹19.45 crores (versus ₹5.65 crores).

The following table summarises the consolidated financial results:

The following table highlights Q4 EBITDA performance on a year-on-year basis:

Consolidated total assets grew to ₹2,482.56 crores from ₹2,342.48 crores, while total equity increased to ₹1,366.31 crores from ₹1,218.73 crores. Net cash inflow from operating activities on a consolidated basis was ₹183.25 crores, significantly higher than ₹54.34 crores in the prior year.

Exceptional Items and Labour Code Impact

Both standalone and consolidated results include an exceptional item of ₹2.78 crores, arising from the Government of India's notification of new Labour Codes on November 21, 2025. The incremental impact comprises past service cost relating to gratuity of ₹2.28 crores and compensation towards leave encashment of ₹0.50 crore, primarily due to a change in the definition of "wage."

Auditor Appointments for FY26-27

At the same Board meeting, based on the recommendation of the Audit Committee, the Board approved the appointment of M/s. Sharp & Tannan Associates as Internal Auditors of the Company for the financial year 2026-27. The Board also approved the appointment of M/s. Kailash Sankhlecha & Associates, Cost Accountants, as Cost Auditor of the Company for the financial year 2026-27, with remuneration subject to ratification by shareholders at the ensuing Annual General Meeting.

Source: None/Company/INE189B01011/5e6c9dee1b0f46bf.pdf