Styrenix Performance Materials Reports 8.1% Volume Growth in Q2 FY26

Styrenix Performance Materials has released its financial results for the second quarter of fiscal year 2026, showcasing notable growth in sales volume and revenue. The company's performance indicates resilience in its operations despite ongoing challenges in certain markets.

Q2 FY26 Financial Highlights

Metric	Q2 FY26	YoY Change
Sales Volume	45.2 KT	+8.1%
Revenue	₹615.00 crores	N/A
PBDIT	₹81.80 crores	N/A
PBDIT Margin	13.30%	N/A

Styrenix Performance Materials reported a robust sales volume of 45.2 KT for the second quarter of FY26, marking an 8.1% increase year-over-year. This growth in volume translated to a revenue of ₹615.00 crores for the quarter. The company's Profit Before Depreciation, Interest, and Tax (PBDIT) stood at ₹81.80 crores, representing a PBDIT margin of 13.30%.

Operational Updates

The company provided insights into its ongoing operations and strategic initiatives:

ABS Expansion

Styrenix continues to progress with its Phase 1 ABS (Acrylonitrile Butadiene Styrene) expansion. This project is scheduled for completion between the middle and end of the next financial year, potentially boosting the company's production capacity.

Thailand Operations

The company's facilities in Thailand are currently operating at lower utilization rates. For the first half of the fiscal year, the Thailand operations reported a volume of 32 KT, indicating potential room for improvement in capacity utilization.

While the company has shown growth in sales volume, the lower utilization rates in Thailand suggest that Styrenix may be facing some challenges in certain markets or adjusting to global demand fluctuations. The ongoing ABS expansion project indicates the company's commitment to long-term growth and market positioning.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.16%	-13.29%	-15.32%	-30.66%	-15.78%	+231.65%

Styrenix Performance Materials Limited , a key player in the engineering polymers sector, has released its financial results for the quarter ended September 30, 2025, revealing a mixed performance with decreased revenue but maintained profitability.

Revenue Decline

The company reported a consolidated total income of ₹772.90 crores for Q2, down from ₹858.50 crores in the previous quarter, marking a quarter-on-quarter decrease. This decline suggests challenging market conditions or seasonal fluctuations affecting the company's sales.

Profit Maintained

Despite the revenue decline, Styrenix Performance Materials maintained profitability:

Consolidated net profit stood at ₹49.61 crores for the quarter.
On a standalone basis, the company posted a profit of ₹56.15 crores.

Financial Highlights

Metric (in ₹ crores)	Q2 FY2026 (Consolidated)	Q2 FY2026 (Standalone)
Total Income	772.90	772.00
Net Profit	49.61	56.15

Operational Insights

The company's performance reflects the dynamics of the engineering polymers market:

The decline in total income may indicate challenges in demand or pricing pressures in the market.
Despite lower revenue, the company's ability to maintain profitability suggests effective cost management or improved operational efficiency.

Strategic Developments

Styrenix Performance Materials has been active in corporate restructuring:

The company completed the merger of its wholly-owned step-down subsidiaries in Thailand during the quarter, with Styrenix Performance Materials (Thailand) Ltd continuing as the surviving entity.
This consolidation may streamline operations and potentially lead to cost synergies in the future.

Market Position and Outlook

As a significant player in the Engineering Polymers segment, Styrenix Performance Materials Limited continues to navigate a challenging market environment. The company's ability to maintain profitability despite revenue decline demonstrates its resilience and effective management strategies.

The management may focus on revenue growth strategies while maintaining the operational efficiencies achieved. Investors and market analysts will likely watch closely how the company adapts to market conditions and leverages its restructured operations in Thailand to drive future growth.

Corporate Governance

The Board of Directors approved the standalone and consolidated unaudited financial results at their meeting held on November 12, 2025, demonstrating the company's commitment to timely financial reporting and transparency.

Note: All financial figures are based on the results as reported by the company for the quarter ended September 30, 2025.