Analysts/Institutional Investor Meet/Con. Call Updates

August 12, 2026 BSE Limited National Stock Exchange of India Limited Dept. DSC_CRD Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, ‘G’ Block, Dalal Street Bandra- Kurla Complex, Mumbai 400 001 Bandra ( ‘E’) BSE Scrip Code: 506222 Mumbai 400 051 NSE Symbol: STYRENIX Subject: Transcript of Earnings Call with Investors / Analysts held on August 05, 2026. Ref: Regulation 30 and 46(2)(oa) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir, In continuation to our letter dated July 31, 2026 informing about the earnings call organized by the Company on August 05, 2026, please find attached Investor Call Transcript for your record purposes. The transcript is also being uploaded on website of the Company and the same can be downloaded from following path: www.styrenix.com – Investors – Earnings Call – Call recordings & Transcripts You are requested to kindly take the above information on your records. Thanking you. Yours faithfully, For Styrenix Performance Materials Limited Chintan Doshi Manager – Legal & Company Secretary Encl: As Above “Styrenix Performance Materials Limited Q1 FY27 Earnings Conference Call” August 05, 2026 Management: Mr. Rahul Agrawal – Managing Director Mr. Bhupesh Porwal – Chief Financial Officer Mr. Chintan Doshi – Company Secretary E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on August 05, 2026, will prevail. Page 1 of 17 Styrenix Performance Materials Limited August 05, 2026 Moderator: Good day, ladies and gentlemen. Welcome to the Styrenix Performance Materials Limited Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand over the conference to Mr. Bhupesh Porwal. Thank you, and over to you, sir. Bhupesh Porwal: Yes. Thank you very much. Welcome all. Namastay, everyone, and a very warm welcome for our quarter 1 FY27 earnings call. Thank you for taking the time to be here with us today. I hope you all have had a chance to go through the financial results and investor presentation available on our website and the stock exchange. The quarter gone by was marked by an operating environment characterized by heightened uncertainties driven by evolving global macroeconomic conditions, geopolitical developments and fluctuations across key markets. Despite these challenges, we remain focused on disciplined execution, operational resilience and serving our customers effectively as demand for our core products continue to remain strong. I will now take you through our financial and operational performance for the quarter before we open the floor for the questions. First, on the stand-alone financial highlights. Coming to our quarterly financial highlights on a year-on-year basis, total income for Q1 FY27 stood at INR770.5 crores, a growth of 6.6%. EBITDA for quarter 1 FY27 stood at INR201.4 crores, a growth of 133.9%. EBITDA margins for quarter 1 FY27 improved to 26.1%, an increase in 1,420 basis points. Profit after tax for Q1 FY27 stood at INR137.3 crores, a growth of 150.3%. Profit after tax margin for Q1 FY27 stood at 17.8%, a growth of 1,023 basis points. Sales volume for Q1 FY27 stood at 38.9 KT, a dip of 26%. Consolidated financial highlights. Now on consolidated basis for the quarter, total income for quarter 1 FY27 stood at INR1,014.2 crores. EBITDA for quarter 1 FY27 stood at INR223.6 crores and EBITDA margin stood at 22%. Profit after tax for Q1 FY27 stood at INR138.3 crores and profit margin stood at 13.6%. Consolidated sales volume, which includes both India and Thailand, for Q1 FY27 stood at 50.8 KT. With this, I conclude the financial highlights, and we will now proceed for Q&A. Thank you very much. Moderator: Thank you very much. We will now begin with the question-and-answer session. The first question is from the line of Nirav Jimudia from Anvil Wealth. Nirav Jimudia: I have a few questions. Sir, first on the volume part. Like when we see this quarter, how you have seen the demand in the Indian market, both for the ABS and PS when compared on a Y-o- Y basis? So if you can explain whether it was like the availability of raw material for the existing Page 2 of 17 Styrenix Performance Materials Limited August 05, 2026 players in India, which has lowered down our volumes and these volumes were replaced with the imports coming to India? That is point number -- or let's say, the demand was impacted because generally, there was unwillingness from the customers to take the materials at the higher price? So if you can just share your thoughts here. Rahul Agrawal: Okay. Thanks, Nirav, for your question. So essentially, there was a lot of disruption, as you know, because of the Middle East. And that started, in fact, in the first week of March itself. We also saw some impact of it in the last quarter, but not to the extent that we witnessed in the current quarter. What happened in March -- towards the end of March essentially is obviously, the prices went up quite a lot and there was significant volatility. And due to that uncertainty, which arose in the market, there was a concern on part of certain segments of markets, specifically the, I would say, the non-OEM sector or the unorganized sector, where there was a less willingness to buy any material. And so there was those concerns which existed during this quarter and which resulted in lower demand per se, particularly in the kind of unorganized sector. In polystyrene, that impact was more. And in ABS, the impact was a little bit lesser, but we saw the impact on kind of lower demand for both the product segments during this period. Nirav Jimudia: Got it. So let's say, like when we see on an annualized basis, let's say, both for ABS as well as the PS, on an average, generally, if you just average out quarterly demand comes to around 75,000, 80,000 tonnes, let's say, for ABS and close to around 90,000 tonnes for PS when we just average out the yearly numbers. So if you can just give us some understanding, let's say, on this base of the quarterly demand, which we see across, how much it was this quarter in terms of some percentage numbers or quantification of numbers that would be helpful. Rahul Agrawal: So like I mentioned, whatever drop in demand has been seen across both the segments and whatever drop in sales we have had, I think both are in line with each other, essentially. So we normally don't give breakup of volumes between all the different segments. So I would not be able to do that. But if you look at the total polymer that we would have sold for total volumes, whatever dip we saw is in line with whatever dip has been across the segment essentially across both the segments for that -- for this particular quarter, which would be to the order of 15% to 20% essentially or maybe 25%. Nirav Jimudia: Got it. So safe to assume that, let's say, the OE demand was not impacted both on the ABS as well as the PS part, but it was more of the non-OE demand, which has impacted our volumes? Rahul Agrawal: Yes. I think in our case, that is true. I think there would have been some impact on the OE segment as well, but the impact would be far more exaggerated on the non-OE sector for sure. So I think the OE sector demand impact would have been muted relative to the impact on the unorganized sector. Page 3 of 17 Styrenix Performance Materials Limited August 05, 2026 Nirav Jimudia: Correct. Sir, second question is like what would be now our approach, given the kind of volatility we have been seeing both on the raw material prices as well as on the freight side or, let's say, on the natural gas side? So I was talking just from the [Showing first 8,000 characters — download PDF for full document]