Styrenix Performance Materials Ltd (NSE:STYRENIX)

Q3 2025 Styrenix Performance Materials Ltd Earnings Call Transcript

Jan 31, 2025 / 10:00 AM GMT

Release Date Price: ₹2479.45 (-3.90%)

Transcript

Key Points

Positve

Styrenix Performance Materials Ltd (BOM:506222) reported a significant increase in sales volume for Q3, with a 14.5% rise compared to Q2 and a 34.4% increase year-over-year.
The company successfully completed the acquisition of InnoStyrenics Company Limited in Thailand, which is expected to bring synergies and expand product offerings.
Revenue for Q3 increased by 6% compared to Q2 and by 42.5% year-over-year, indicating strong financial performance.
The company has completed debottlenecking activities at its plants, increasing rubber capacity and planning further expansions in ABS capacity.
Styrenix Performance Materials Ltd (BOM:506222) is accelerating its brownfield expansion plans, aiming to add significant ABS capacity by mid-2026, ahead of the original schedule.

Negative

Margins in the India business could have been better, with some extraordinary gains in the previous quarter not repeated.
The Thailand acquisition showed a decline in sales volume and EBITDA losses in 2023, raising concerns about past performance.
There is an increase in other expenses, partly due to repair and maintenance costs associated with debottlenecking activities.
The global spreads for ABS and polystyrene have deteriorated in the last two quarters, impacting profitability.
The company faces challenges in fully utilizing the capacity of the newly acquired Thailand plant, which is currently operating at 55-60% utilization.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STYE.NS - Styrenix Performance Materials Ltd
Q3 2025 Styrenix Performance Materials Ltd Earnings Call
Jan 31, 2025 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Styrenics Performance Materials Limited conference call we have with us today from the management of Styrenics Performance Materials Limited. Mr Rahul Agarwal, managing director, Mr Bhupesh P Porwal, Chief Financial Officer and Mr Chintan Doshi, manage legal and company secretary.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call? Please signal and operate a pressing star then zero on your touchtone phone. Please note that this conference is being recorded further on behalf of the management

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