Results - Announcements
Styrenix Performance Materials Ltd share price declined 7.56% to Rs 1804.25 after the company's net profit tumbled by 83.25% to Rs 23.17 crore, while revenue from operations eased by 1.72% to Rs 993.51 crore in Q3FY26 over Q2FY26.
The market capitalization of Specialty Chemicals industry group stocks on BSE stood at Rs 5.51 lakh crore, advancing by 10.57%. It has softened by 1.59% over last one week and eased lower by 5.73% in last one month while the market capitalization of Styrenix Performance Materials Ltd has slipped by 9.41% and 27.22% in the same period respectively.
Profit before tax (PBT) of Styrenix Performance Materials Ltd stood at Rs 40.38 crore in Q3 FY26, plunging by 29.00% year-on-year, and tumbling by 78.59% quarter-on-quarter. EBITDA came in at Rs 68 crore, tanking 17.56% YoY and crashing by 68.64% sequentially.
Total expenses went up by 15.94% to Rs 952.06 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 758.62 crore, inching up 7.41% YoY, while employee benefits expense was at Rs 40.1 crore, easing 3.06% YoY.
For the TTM ended FY26, revenue from operations advanced 15.28% to Rs 3438.03 crore, while net profit plunged by 21.77% to Rs 182.85 crore, compared to previous TTM. EBITDA jumped by 39637% to Rs 326.83 crore, and PBT collapsed by 26.07% to Rs 223.25 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 183.25 crore in FY26, as against Rs 54.35 crore in FY25.
Styrenix Performance Materials Ltd crashed 26.71% in last one year, underperforming the benchmark BSE Sensex which has declined by 13.45% during the same period.