Century Enka Appoints Dr. Partheban Manoharan as Head of CTS and Quality Assurance
Century Enka Limited has appointed Dr. Partheban Manoharan as the new Head of CTS (Customer Technical Service) and Quality Assurance, effective August 8, 2025. The appointment was approved by the company's Board of Directors. Dr. Manoharan brings expertise in materials development, quality assurance, and technical services to the role. He holds a Ph.D. in Polymer Science and Technology from IIT Kharagpur, along with other relevant academic qualifications. This appointment is expected to strengthen Century Enka's capabilities in product development and quality management in the polymer and tyre industry.
07Aug 25
Century Enka Reports 24% Revenue Decline in Q1 FY26 Amid Industry Challenges
Century Enka Limited experienced a significant decline in Q1 FY26 financial performance. Operating revenue fell 24% to ₹402.00 crores, EBITDA dropped 52% to ₹20.00 crores, and PAT decreased 37% to ₹15.00 crores. Tyre Cord Fabrics revenue declined 35% due to weak demand and Chinese imports. Filament Yarn revenue decreased 15%, affected by a previous plant fire. Total volume fell 17% to 17,072 metric tons. The company faces challenges from weak demand, Chinese imports, and raw material price volatility. Management expects demand improvement in Q2 and better second-half performance, targeting normal EBITDA margins of 6-8%.
03Aug 25
Century Enka Reports 24% Revenue Decline in Q1 Amid Challenging Market Conditions
Century Enka Limited, a leading Indian producer of Nylon Filament Yarn and Nylon Tyre Cord Fabric, reported a 24% year-over-year revenue decline to INR 4,015.00 million in Q1. EBITDA fell by 51.6% to INR 199.00 million, with the EBITDA margin dropping to 4.96%. Net profit decreased by 36.6% to INR 154.00 million. The company faced challenges including weak tyre industry demand, increased Chinese imports, automotive sector slowdown, and production disruption due to a fire at its Bharuch plant. Despite these setbacks, Century Enka remains cautiously optimistic about future demand improvements and continues to focus on value-added products and renewable energy use.
01Aug 25
Century Enka Reports 37% Decline in Q1 Net Profit Amid Revenue Contraction
Century Enka Limited, a synthetic yarn manufacturer, reported a 37% decrease in net profit to ₹154.00 million for Q1 FY2026. Revenue fell by 24% to ₹4,015.30 million, while EBITDA declined by 51.5% to ₹199.00 million. The EBITDA margin contracted to 4.95% from 7.76% year-over-year. The company's EPS for the quarter stood at ₹7.02. An ongoing legal matter with the Excise Department involves a demand of ₹2,292.70 million, currently pending before the Supreme Court.
23Jun 25
Century Enka Resumes NFY Spinning Plant Operations Following Fire Incident
Century Enka has restarted operations at its Nylon Filament Yarn (NFY) spinning plant following a fire incident. The company received approval from the Gujarat Pollution Control Board to resume production, ensuring compliance with environmental and safety standards. While the full impact of the fire on production capacity remains undisclosed, the swift resumption of operations demonstrates Century Enka's commitment to operational efficiency and ability to overcome manufacturing challenges.
06May 25
Century Enka Reports Q4 Decline in Revenue and Profit, Declares Dividend
Century Enka's Q4 FY2023 results show a 6.38% year-over-year revenue decline to ₹4.40 billion. EBITDA fell 74.05% to ₹87.70 million, with EBITDA margin shrinking to 1.98%. Net profit decreased 66.01% to ₹69.00 million. Despite financial challenges, the company announced a ₹10.00 per share dividend.