Chemplast Sanmar Q1 FY27 Reports ₹115 Cr EBITDA Loss

| Particulars | Q1 FY27 | Q1 FY26 | Y-o-Y | Q4 FY26 | Q-o-Q |

| Revenue from Operations | 1,125 | 1,100 | +2% | 1,256 | -10% |

| EBITDA | (115) | 17 | n.a. | 194 | n.a. |

| EBITDA Margin % | -10% | 2% | | 15% | |

| PAT | (176) | (64) | n.a. | (45) | n.a. |

| Particulars | Q1 FY27 | Q1 FY26 | Y-o-Y | Q4 FY26 | Q-o-Q |

| Revenue from Operations | 592 | 495 | +20% | 612 | -3% |

| EBITDA | 7 | 22 | -68% | 83 | -91% |

| EBITDA Margin % | 1% | 4% | | 13% | |

| PAT | (49) | (28) | n.a. | (883) | n.a. |

Note: Q4 FY26 standalone PAT includes an exceptional impairment of ₹898 crore on investment in CCVL.

Paste PVC: Demand improved towards quarter end. Outlook positive aided by customs duty reinstatement and potential regulatory measures. Cuddalore capacity being debottlenecked by 7 KTPA, expected operational by October 2026. Productivity improvement trials initiated.
Custom Manufactured Chemicals Division (CMCD): Delivered healthy revenue run-rate. Business development activities gained momentum with focus on newer geographies and new product opportunities.
Refrigerant Gases (R-32): Commercial production from swing plant commenced May 2026. Ramp-up to full production underway. Customer feedback on product specifications positive.

Suspension PVC: Market headwinds from declining prices (particularly April 2026), reduced sales volumes, and high VCM costs due to Middle East geopolitical tensions. Customs duty on PVC imports was removed in Q1 (extended till 15th July) but now restored. Demand likely soft during monsoon. Minimum Import Price of USD 766/MT introduced.
Value-added Chemicals (VAC): Pricing under pressure due to higher inventories and competitive market conditions. Operational improvements at Mettur Caustic Soda plant continued, expected to support higher production.

Occurred on 17th July 2026 due to nitrogen supply disruption leading to flammable vapour accumulation, EDC release and fire.
Production safely shut down; emergency response plan activated immediately.
No injuries to employees/contractors; no spillages; fire extinguished within 15 minutes.
Insurance claim filed; surveyors assessing incident.
Downtime utilized for planned maintenance activities.
No impact on Paste PVC operations; EDC being sourced through imports for Mettur plant.

Challenging quarter due to elevated input costs from Middle East conflict and subdued demand.
Expects Paste PVC momentum to continue in coming quarters.
Potential regulatory measures expected to address low-priced dumping despite ADD recommendation lapse.
Commissioning of new plants (swing plant and MPB phases) underway, to be completed by end of FY27.
Confident in CMCD's positive momentum continuing through the year.
Re-imposition of customs duty and Minimum Import Price expected to provide some respite for Suspension PVC.

Q1 FY27 Sales Volume: 125,067 metric tons (consolidated)
Q1 FY27 Sales Split: Specialty Chemicals 49% (Paste PVC 38%, CMCD 11%), Commodity 51%

Cuddalore Paste PVC debottlenecking: +7 KTPA, expected October 2026
CMCD Multi-purpose Block: Phase 3 commissioned May 2026; next MPB civil & infrastructure work targeted for completion by Q2 FY27

#Tags: #ChemplastSanmar #Q1Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Negative