Chemplast Sanmar Weathers A Tough Quarter As Exceptional Charges And Pvc Headwinds Dent The Bottom Line

Nikunj Parikh - Mumbai Bureau May 25, 2026 1,850 Views

Chemplast Sanmar reported consolidated revenue from operations of Rs 1,255.55 crore for Q4 FY26, even as a Rs 149.92 crore exceptional charge at its PVC subsidiary drove a consolidated loss after tax of Rs 45.38 crore for the quarter. The full year saw a consolidated loss after tax of Rs 279.87 crore, weighed down by sustained pricing pressure, raw material volatility, and anti-dumping duty setbacks in the commodity chemicals segment.

The Board of Directors at its meeting on 25 May 2026 approved the audited standalone and consolidated financial results for Q4 and FY26. Statutory auditors BSR and Co LLP issued an unmodified opinion on both sets of results. The Board also decided not to recommend any dividend on equity shares for FY26.

Quarterly Revenue And Earnings Snapshot

Consolidated revenue from operations for Q4 FY26 stood at Rs 1,255.55 crore, up from Rs 1,150.88 crore in Q4 FY25 and significantly higher than Rs 835.14 crore in the preceding December 2025 quarter. Loss after tax for the quarter was Rs 45.38 crore against a loss of Rs 54.17 crore in Q4 FY25, with EPS at Rs 2.87 loss per share.

Full Year FY26 Performance

For FY26, consolidated revenue from operations was Rs 4,223.79 crore compared to Rs 4,346.07 crore in FY25. Loss after tax for the full year widened to Rs 279.87 crore from a loss of Rs 110.36 crore in FY25. Full-year basic and diluted EPS stood at a loss of Rs 17.70 per share, reflecting the cumulative drag from commodity segment challenges.

The Exceptional Item Burden

The consolidated exceptional item charge for Q4 and FY26 totalled Rs 149.92 crore at subsidiary Chemplast Cuddalore Vinyls Limited, comprising a provision of Rs 113.77 crore for onerous procurement contracts and a raw material writedown of Rs 36.15 crore. These arose from the West Asia crisis, which disrupted raw material availability and triggered non-cancellable procurement arrangements for the PVC producer.

Segment Dynamics

The Specialties segment posted Q4 revenue of Rs 612.24 crore and a profit before tax of Rs 19.45 crore. The Commodity segment contributed Rs 669.72 crore in Q4 revenue but bore the full brunt of the exceptional charge, pulling segment results sharply into negative territory for the quarter. For the full year, the Specialties segment earned Rs 140.55 crore in segment profit while the Commodity segment reported Rs 82.79 crore.

Balance Sheet And Liquidity Position

Total consolidated assets stood at Rs 6,315.23 crore as at 31 March 2026. Total equity declined to Rs 1,754.63 crore from Rs 2,068.43 crore a year ago, reflecting the accumulated losses during FY26. Cash and cash equivalents improved to Rs 430.39 crore from Rs 554.83 crore, with net operating cash inflows at Rs 294.29 crore for the year. Total consolidated borrowings stood at Rs 1,951.84 crore across current and non-current liabilities.

Key Highlights

Consolidated Q4 FY26 revenue from operations: Rs 1,255.55 crore, up from Rs 1,150.88 crore in Q4 FY25
Consolidated Q4 FY26 loss after tax: Rs 45.38 crore versus loss of Rs 54.17 crore a year ago
Full-year FY26 consolidated revenue: Rs 4,223.79 crore; loss after tax: Rs 279.87 crore
Full-year loss per share: Rs 17.70 basic and diluted, against a loss of Rs 6.92 in FY25
Exceptional item charge of Rs 149.92 crore on account of onerous contracts and raw material writedown at CCVL
Specialties segment full-year profit: Rs 140.55 crore; Commodity segment: Rs 82.79 crore
Total consolidated assets: Rs 6,315.23 crore; total equity at Rs 1,754.63 crore
No dividend recommended for FY26; Committee of Independent Directors formed to evaluate strategic priorities
Board appointed Mr V S Radhakrishnan as Non-Executive Non-Independent Director with effect from 25 May 2026