Styrenix margin beats sector median as stock slips -0.49%
Operating profit drove consolidated earnings, while the market response was muted in price terms despite a sharp rise in volume.
Filed 04 Aug 2026, 13:08 IST · Styrenix Performance Materials Ltd (STYRENIX)
Key takeaways
- Consolidated operating margin of 21.79% was 2.52 percentage points above the 19.27% median for 51 reported Commodities peers.
- Net profit of Rs 138.30 cr was primarily operating-led, with other income at only Rs 3.33 cr against profit before tax of Rs 188.63 cr.
- The stock fell -0.49% on the filing day even as trading volume reached 9.78 times its reference level.
Price around the results
Operating margin stays above peer median
Styrenix reported a consolidated operating margin of 21.79%, 2.52 percentage points above the 19.27% median for 51 Commodities peers that had reported the quarter. The company ranked 37th from the bottom on this measure, placing its margin above the sector midpoint.
Profit quality was mainly operational
Operating profit of Rs 220.26 cr was the main source of profit before tax of Rs 188.63 cr, while other income was only Rs 3.33 cr. Interest stood at Rs 4.42 cr and the reported tax rate was 26.68%, leaving no clear sign that non-operating income or a lower tax burden materially flattered net profit.
Price reaction was weaker than volume reaction
The stock opened 0.31% higher but ended the filing day down -0.49%. The price move was muted relative to the 9.78-times reference volume, pointing to substantial trading activity without a comparable directional move.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹1,011 cr |
| Other income | ₹3 cr |
| Expenses | ₹791 cr |
| Operating profit | ₹220 cr |
| Operating margin (%) | 21.79% |
| Interest | ₹4 cr |
| Depreciation | ₹31 cr |
| Profit before tax | ₹189 cr |
| Tax | ₹50 cr |
| Net profit | ₹138 cr |
| EPS (₹) | ₹78.64 |
Operating margin of 21.79% compares with a Commodities sector median of 19.27% across 51 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -0.49% | +0.15% |
Volume on the results session was 9.78× its 20-day average.
What to watch
- Whether consolidated operating margin holds above 21.79%.
- Whether other income remains small relative to profit before tax of Rs 188.63 cr.
- Whether the stock's next results-day move differs from the -0.49% filing-day reaction.