Styrenix Performance Materials Declares Dividend, Reports Q3 Results

Styrenix Performance Materials Ltd, a leading player in performance polymers and specialty materials, announced its December quarter results, highlighting stable operational performance despite industry challenges. The company reported consolidated revenue of Rs 8.69 billion, while net profit stood at Rs 163.4 million. Alongside the results, the board approved an interim dividend of Rs 23 per share, underscoring its strong financial position and focus on shareholder value.  

Key highlights from the announcement include  

• Consolidated revenue from operations stood at Rs 8.69 billion in Q3.  
• Net profit reported at Rs 163.4 million.  
• Board approved interim dividend of Rs 23 per share.  
• Performance supported by demand in specialty materials and polymer solutions.  
• Dividend declaration reflects robust cash flows and commitment to investors.  
• Company continues to focus on innovation and strengthening its market presence.  

Industry experts note that Styrenix’s results demonstrate resilience in a competitive sector, with the dividend announcement reinforcing confidence in its financial stability. The company’s emphasis on innovation and customer-centric solutions positions it well for long-term growth in India’s specialty materials market.  

Sources: Reuters, Economic Times, Business Standard