Styrenix Reports Strong Q1 FY27 Performance; EBITDA and PAT Surge

"The first phase of the ABS capacity augmentation project is expected to be commissioned during the current financial year." 

Styrenix Q1 FY27 Financial Performance and Business Updates

Styrenix Performance Materials Limited reported a consolidated total income of rupee 1,014.2 crore for Q1 FY27, compared with rupee 946.9 crore in the corresponding quarter last year.

The company's consolidated EBITDA more than doubled to rupee 223.6 crore from rupee 99.8 crore in Q1 FY26, while Profit After Tax (PAT) increased sharply to rupee 138.3 crore from rupee 18.6 crore. As a result, the EBITDA margin expanded to 22.0% from 10.5%, and the PAT margin improved to 13.6% from 2.0%.

Despite the improvement in profitability, sales volume declined to 50.8 KT from 67.2 KT in Q1 FY26, reflecting the challenging market environment during the quarter.

The company stated that geopolitical developments and volatility in energy and raw material prices impacted the polymer industry. However, diversified sourcing and strong supplier partnerships helped maintain supply continuity.

"The first phase of the ABS capacity augmentation project is expected to be commissioned during the current financial year."

Styrenix EBITDA, PAT Growth and Strategic Expansion Highlights

• Financial Performance: Consolidated total income increased to rupee 1,014.2 crore in Q1 FY27 from rupee 946.9 crore in Q1 FY26.
• Profitability: EBITDA rose to rupee 223.6 crore from rupee 99.8 crore, while PAT increased to rupee 138.3 crore from rupee 18.6 crore. EBITDA margin improved to 22.0%, and PAT margin expanded to 13.6%.
• Sales Volume: Sales volume declined to 50.8 KT from 67.2 KT in the year-ago quarter amid challenging market conditions.
• ABS Capacity Expansion: The company's 50,000 TPA ABS capacity augmentation project is progressing as planned, with the first phase expected to be commissioned during the current financial year.
• Thailand Acquisition: Management highlighted that the acquisition of INEOS Styrolution (Thailand) Company has strengthened the company's product portfolio and expanded its global market presence.

What to Watch Next

Investors should monitor the commissioning of the first phase of the 50,000 TPA ABS capacity expansion, which is expected during the current financial year.

They should also track whether improving demand and stabilising raw material prices support higher sales volumes in the coming quarters.

Investors may watch how the integration of the Thailand business contributes to future revenue growth, profitability, and product diversification.