Styrenix Q2 Net Profit Falls 60% YoY

Key Matters Approved

The Board of Directors considered and approved the following:

The standalone and consolidated unaudited financial results for the second quarter and half year ended September 30, 2026.
The Limited Review Report from the Statutory Auditors, M/s. Talati & Talati LLP, for the second quarter and half year ended September 30, 2026, in terms of Regulation 33 of the Listing Regulations.

Standalone Financial Results (Unaudited)

Income Statement Highlights (₹ Crores)

| Revenue from Operations | 617.46 | 770.53 | 693.67 | 1,388.00 | 1,340.37 | 2,648.70 |

| Total Income | 617.46 | 770.53 | 693.67 | 1,388.00 | 1,340.37 | 2,648.70 |

| Total Expenses | 569.13 | 537.92 | 492.59 | 1,107.05 | 1,172.48 | 2,276.98 |

| Profit Before Depreciation, Interest and Tax (PBDIT) | 201.40 | 232.61 | 201.08 | 434.01 | 167.89 | 371.72 |

| Finance Costs | 3.19 | 3.47 | 3.13 | 6.66 | 6.34 | 11.55 |

| Profit Before Depreciation and Tax (PBDT) | 198.21 | 229.14 | 197.95 | 427.35 | 161.55 | 360.17 |

| Depreciation and Amortisation | 26.76 | 22.45 | 23.63 | 49.21 | 47.08 | 95.19 |

| Profit Before Tax (PBT) | 171.45 | 206.69 | 174.32 | 378.14 | 114.47 | 264.98 |

| Tax Expense | 49.28 | 67.14 | 57.44 | 116.42 | 36.69 | 80.04 |

| Profit for the Period | 122.17 | 139.55 | 116.88 | 261.72 | 77.78 | 184.94 |

| Other Comprehensive Income (net of tax) | 0.10 | (0.17) | 0.20 | (0.07) | 0.03 | (0.67) |

| Total Comprehensive Income | 122.27 | 139.38 | 117.08 | 261.65 | 77.81 | 184.27 |

Earnings Per Share (EPS)

Basic and Diluted EPS (₹): Not fully quantified in the tabular data but calculable from net profit and share capital.

Balance Sheet Highlights (₹ Crores)

| Particulars | As at Sept 30, 2026 (Unaudited) | As at Mar 31, 2026 (Audited) |

| Total Non-Current Assets | 1,009.80 | Not fully extracted |

| Total Current Assets | Not fully extracted | Not fully extracted |

| Total Assets | 1,580.07 | 4,473.03 |

| Total Equity | 4,138.69 | Not fully extracted |

| Total Liabilities | Not fully extracted | Not fully extracted |

| Total Equity and Liabilities | 1,580.07 | 4,473.03 |

Standalone Cash Flow Statement (H1 - ₹ Crores)

| Particulars | H1 Sept 30, 2026 | H1 Sept 30, 2025 |

| Profit Before Tax | 255.66 | 142.24 |

| Cash Generated from Operations | 132.09 | 82.30 |

| Taxes Paid (net of refund) | (41.44) | (37.35) |

| Net Cash from Operating Activities | 90.65 | 44.95 |

| Payments for Property, Plant, Equipment & CWIP | (83.76) | (40.28) |

| (Investment in)/Proceeds of Mutual Funds | 64.17 | 11.78 |

| Net Cash from Investing Activities | (19.22) | (27.97) |

| Dividend on Equity Shares | (40.62) | (54.30) |

| Net Cash from Financing Activities | (63.63) | (45.87) |

| Net Increase/(Decrease) in Cash | 7.80 | (28.88) |

| Cash and Equivalents at Period End | 35.44 | 16.97 |

Consolidated Financial Results (Unaudited)

Income Statement Highlights (₹ Crores)

| Revenue from Operations | 993.51 | 1,010.86 | 798.93 | 2,004.37 | 1,742.44 | 3,438.03 |

| Other Income | 3.79 | 3.33 | 2.96 | 7.12 | 6.25 | 16.37 |

| Total Income | 997.30 | 1,014.19 | 801.89 | 2,011.49 | 1,748.69 | 3,454.40 |

| Total Expenses | 921.70 | 790.60 | 713.46 | 1,712.30 | 1,560.42 | 3,094.83 |

| Profit Before Depreciation, Interest and Tax (PBDIT) | 75.60 | 223.59 | 88.43 | 299.19 | 188.27 | 359.57 |

| Finance Costs | 4.86 | 4.42 | 5.40 | 9.28 | 9.99 | 19.45 |

| Profit Before Depreciation and Tax (PBDT) | 70.74 | 219.17 | 83.03 | 289.91 | 178.28 | 340.12 |

| Depreciation and Amortisation | 30.36 | 30.54 | 26.16 | 60.90 | 50.86 | 114.09 |

| Profit Before Tax (PBT) | 40.38 | 188.63 | 56.87 | 229.01 | 127.42 | 226.03 |

| Tax Expense | 17.21 | 50.33 | 12.15 | 67.54 | 30.76 | 40.40 |

| Profit for the Period | 23.17 | 138.30 | 44.72 | 161.47 | 96.66 | 185.63 |

| Other Comprehensive Income (net of tax) | 0.67 | (1.30) | 16.81 | (0.63) | 18.29 | 36.10 |

| Total Comprehensive Income | 23.84 | 137.00 | 61.53 | 160.84 | 114.95 | 221.73 |

Earnings Per Share (EPS)

Basic and Diluted EPS (₹): 13.18 (Q2), 78.64 (Q1), 25.43 (Q2 PY), 91.82 (H1), 54.97 (H1 PY), 103.98 (FY)

Consolidated Balance Sheet (₹ Crores)

| Particulars | As at Sept 30, 2026 (Unaudited) | As at Mar 31, 2026 (Audited) |

| Total Non-Current Assets | 1,181.17 | 1,154.91 |

| Total Current Assets | 1,372.83 | 1,327.65 |

| Total Assets | 2,554.00 | 2,482.56 |

| Total Equity | 1,486.90 | 1,366.31 |

| Total Liabilities | 1,067.10 | 1,116.25 |

| Total Equity and Liabilities | 2,554.00 | 2,482.56 |

Consolidated Cash Flow Statement (H1 - ₹ Crores)

| Particulars | H1 Sept 30, 2026 | H1 Sept 30, 2025 |

| Profit Before Tax | 229.00 | 127.42 |

| Cash Generated from Operations | 179.18 | (27.48) |

| Taxes Paid (net of refund) | (41.38) | (37.35) |

| Net Cash from Operating Activities | 137.80 | (64.83) |

| Payments for PPE, CWIP & Intangibles | (80.70) | (75.60) |

| Net Cash from Investing Activities | (16.14) | (63.25) |

| Dividend on Equity Shares | (40.62) | (54.30) |

| Net Cash from Financing Activities | (138.42) | 40.61 |

| Net (Decrease)/Increase in Cash | (16.95) | (67.83) |

| Cash and Equivalents at Period End | 53.18 | 29.82 |

Key Notes to the Financial Results

1. The standalone and consolidated statements were reviewed by the Audit Committee and approved by the Board of Directors on October 28, 2026. The statutory auditors have expressed an unmodified conclusion on the results.

2. The Company/Group operates in a single reportable business segment: "Engineering Polymers" as per IND AS 108.

3. The financial results are prepared in accordance with Indian Accounting Standards (Ind AS).

4. The Limited Review Report by Talati & Talati LLP for both standalone and consolidated results states that based on their review, nothing has come to their attention that causes them to believe that the accompanying statement is not prepared in accordance with the recognition and measurement principles laid down in Ind AS and disclosure requirements of Regulation 33.

5. The review report for the consolidated results includes an "Other Matter" paragraph highlighting reliance on other auditors for a wholly owned step-down subsidiary and unaudited information for another wholly owned subsidiary.

Capital Structure

Paid-up Equity Share Capital: ₹17.59 Crores (17.59 lakh shares of ₹10 face value each)
This remained unchanged from the previous year.

Dividend

An interim dividend was declared and paid, as evidenced by an outflow of ₹40.62 Crores in both standalone and consolidated financing cash flows for H1 FY27.

#Tags: #Styrenix #Q2Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral