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Styrenix Performance Materials Ltd

Q2 FY26Chemicals & Petrochemicals

Styrenix Performance Materials Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹2,082
Market cap₹3.8K Cr
P/E14.0
Updated23 Aug 2026
Read5 min read

The short version

The company anticipates around 10% volume growth for the full year, with 7.5-8% growth achieved in H1 and improved growth expected in H2 (Page 8). Management expects steady volume growth of around 7-10% annually, driven primarily by ABS and improved polystyrene sales in the coming quarters.

From Styrenix Performance Materials Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • The company anticipates around 10% volume growth for the full year, with 7.5-8% growth achieved in H1 and improved growth expected in H2 (Page 8).
  • ABS volumes have grown significantly, from about 60,000 tonnes when acquired in 2022 to around 90,000-100,000 tonnes last year, with further growth this year (Page 12).
  • Polystyrene volumes have been flat but expected to improve in the next 2 quarters, boosting overall volumes (Page 8).
  • Demand outlook for ABS remains robust with no expected utilization challenges until new capacity expansion next financial year (Page 8).

2 more points management made on revenue & sales performance

Profitability & Margins

See what Styrenix Performance Materials Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • India Phase 1 Capex: INR 350 crores planned, to be spent roughly over the next 2 years, primarily funded through internal accruals so far; ongoing projects include ABS debottlenecking and capacity expansions.
  • Capex spending so far: INR 40 crores spent in H1 FY26 on India standalone; INR 75 crores total capex at consolidated level in H1.
  • No current capex planned for Thailand; recent investments primarily in IT infrastructure and sales capabilities.
  • Loan position includes INR 20 crores loan in India standalone; separate acquisition and working capital loans totaling around INR 120 crores and additional non-long-term loans from acquisition.

2 more points management made on capital expenditure plans

Top-ranked in Chemicals & Petrochemicals

Ranked on what management guided this quarter

5x potential
1Shiv Texchem
Rev 1Mar 2
2Yasho Industries
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Styrenix Performance Materials Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript provided does not explicitly mention the current or expected order book or pending orders for Styrenix Performance Materials Limited as of November 12, 2025. However, some relevant points related to demand and sales outlook are: - Inventory buildup of finished goods was done proactively to ensure readiness when capacity utilization fully ramps up. - Demand outlook is robust, especially in ABS segment, with anticipated volume growth of around 10% for the fiscal year. - Auto sector demand remains strong with expected continued growth in Q3 and Q4. - Polystyrene volumes have been flat but expected to improve in the second half of the fiscal year. - Sales volumes for the standalone business increased by ~8% year-on-year in H1 FY'26.

2 more points management made on order book & pipeline

Styrenix Performance Materials Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹826 Cr, net profit ₹73 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Styrenix Perfor.'s management said in earlier quarters

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Frequently Asked Questions

What were Styrenix Performance Materials Ltd Q2 FY26 results?

The company anticipates around 10% volume growth for the full year, with 7.5-8% growth achieved in H1 and improved growth expected in H2 (Page 8). Management expects steady volume growth of around 7-10% annually, driven primarily by ABS and improved polystyrene sales in the coming quarters.

What is Styrenix Performance Materials Ltd share price analysis?

Styrenix Performance Materials Ltd currently shows a neutral. The stock trades at a P/E of 14.0 with a market cap of ₹3,841 Cr. Investors should review the full earnings analysis for detailed insights.

Is Styrenix Performance Materials Ltd planning capital expenditure?

India Phase 1 Capex: INR 350 crores planned, to be spent roughly over the next 2 years, primarily funded through internal accruals so far; ongoing projects include ABS debottlenecking and capacity expansions.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.