Q3 2024 Styrenix Performance Materials Ltd Earnings Call Transcript
Key Points
- Improved EBITDA margin year-on-year from 9.1% to 12.3% due to better cost management.
- Net profit before tax increased from INR40.4 crore to INR49.7 crore year-on-year.
- Operational revenue for the quarter is INR485 crore, showing resilience despite market pressures.
- Company is on track with its CapEx plan to reach a production volume of 210,000 tonnes next year.
- Strong relationships with marquee clients across various sectors, ensuring stable demand and margins.
- Quarterly operational revenue decreased from INR598 crore to INR486 crore compared to the previous quarter.
- EBITDA dropped from INR85.8 crore to INR59.6 crore quarter-on-quarter.
- Net profit before tax margin decreased from 12.7% to 10.2% quarter-on-quarter.
- Lower production volumes due to scheduled maintenance and seasonal demand fluctuations.
- Increased competitive intensity expected in the market due to new capacities coming online.
Ladies and gentlemen, good day, and welcome to Styrenix Performance Materials Limited conference call. We have with us today from the management of Styrenix Performance Materials Limited, Mr. Rahul Agrawal, Managing Director; Mr. Bhupesh P. Porwal, Chief Financial Officer; and Mr. Chintan Doshi, Manager, Legal, and Company Secretary.
(Operator Instructions) Please note that this conference is being recorded.
Further, on behalf of the management of the company, we would also like to remind the participants that this call is being conducted subject to and in line with the disclaimer mentioned in the investor presentation as is available on the stock exchanges.
I now hand the conference over to Mr. Bhupesh P. Porwal. Thank you, and over to you, sir.
Yeah. Welcome, everybody. Dear all, namaste and good afternoon. We welcome you to this earnings call thanks to all of you for joining today, that is on Saturday. The company, Styrenix Performance Materials Limited
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