Styrenix Performance Materials Limited , a leading manufacturer of ABS and polystyrene, has reported a robust performance for the first quarter, with record-breaking sales volume and improved financial metrics.

Record-Breaking Sales Volume

The company achieved a milestone with a record quarterly sales volume of 51,800 tons, representing an 8.1% increase from the previous quarter's 48,100 tons. This growth demonstrates Styrenix's strong market position and ability to capitalize on demand despite seasonal challenges.

Financial Performance

Styrenix's standalone revenue reached INR 721.00 crores, marking a significant 28.85% quarter-on-quarter growth and a 3.1% year-on-year increase. The company's EBITDA stood at INR 86.10 crores, with an impressive margin of 11.9%.

On a consolidated basis, which includes the recently acquired Thailand operations, the company reported revenue of INR 943.50 crores and EBITDA of INR 99.80 crores, maintaining a healthy 10.6% margin.

Profitability

Styrenix's profit after tax (PAT) on a standalone basis was INR 54.90 crores, representing 7.6% of revenue. This shows a slight improvement from the previous quarter's INR 53.20 crores (7.58% of revenue).

Thailand Operations

The company's Thailand operations, acquired in January 2025, are currently operating at 50-55% capacity utilization. Management is focusing on ramping up production and expanding the customer base in the region, with new offices opened in strategic locations across Asia.

Capacity Expansion and Future Outlook

Styrenix has successfully completed its debottlenecking exercise, resulting in a 20% increase in High Rubber Graft (HRG) capacity. This expansion has contributed to the company's ability to meet growing demand.

Despite seasonal slowdowns in certain segments, particularly in the air conditioning sector, management remains confident of meeting its 10-12% volume growth target. The company maintains a dominant 60-70% share in the specialty ABS segment.

Market Dynamics

The overall ABS demand in India remains robust, with approximately 50% of the market still being met through imports. This presents a significant opportunity for Styrenix to capture additional market share as it expands its domestic production capacity.

Strategic Initiatives

Styrenix is actively working on various strategic initiatives to drive growth:

1. Expanding its product portfolio, including specialty grades like refrigerant ABS and food-grade SAN.
2. Leveraging cross-selling opportunities between India and Thailand operations.
3. Exploring export potential to markets like the European Union in the medium to long term.
4. Continuing to focus on high-value products such as PC ABS blends and ASALAC.

Conclusion

With its strong quarterly performance, ongoing capacity expansions, and strategic focus on high-value products, Styrenix Performance Materials Limited is well-positioned for continued growth in the coming quarters. The company's ability to maintain healthy margins while increasing sales volumes demonstrates its operational efficiency and market leadership in the ABS and polystyrene segments.

Styrenix Performance Materials Limited, a leading manufacturer of engineering polymers, has announced its financial results for the first quarter of fiscal year 2025-26, showcasing modest growth and strategic expansion.

Financial Highlights

For the quarter ended June 30, 2025, Styrenix reported:

• Revenue from operations of ₹721.10 crore, up 3.2% year-over-year
• Net profit of ₹54.90 crore, down 10.3% compared to the same quarter last year
• Earnings per share (EPS) of ₹31.20, a decrease from ₹34.80 in Q1 FY2024-25

Operational Performance

The company's performance reflects its efforts to enhance its product range and expand into new markets. Key highlights include:

• Focus on specialty ABS grades to cater to growing demand in automotive and consumer goods sectors
• Expansion of export markets to drive growth
• Successful integration of the recently acquired Ineos Styrolution Thailand, now serving as a high-quality manufacturing hub

Strategic Developments

Styrenix has made significant strides in strengthening its market position:

• Completed debottlenecking at the HRG facility, resulting in a 20% increase in capacity
• Opened a new sales office in Shanghai to accelerate market penetration in the APAC region
• Plans underway for additional offices across the region to deepen customer engagement

Management Commentary

Rahul R. Agrawal, Managing Director of Styrenix Performance Materials, stated, "We delivered a strong first quarter, driven by specialty-led growth, an improved product mix, and the addition of new high-margin grades and blends. Our leadership in the Automotive and Household sectors remains robust, and we continue to expand our footprint in other industries."

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹31.00 per equity share for FY2025-26. The record date for determining eligible shareholders has been set as August 21, 2025.

Future Outlook

With a focus on safety, sustainability, and operational excellence, Styrenix Performance Materials is well-positioned to capture growth opportunities and create long-term value for stakeholders. The company's strategic initiatives, including product range enhancement and market expansion, are expected to drive future growth despite challenges in certain sectors.

Investors and analysts will be watching closely to see how Styrenix's strategies unfold in the coming quarters, particularly in light of the global economic landscape and industry-specific trends in the engineering polymers market.