Specialty Chemicals company Chemplast Sanmar announced Q3FY25 results Revenue from Operations for Q3FY25 stood at Rs 1,058 crore, a 19% YoY growth from Rs 888 crore in Q3FY24. EBITDA improved to Rs 32 crore in Q3FY25, compared to Rs (7) crore in Q3FY24, with EBITDA margin at 3% versus -1% last year. PAT loss narrowed to Rs (49) crore in Q3FY25 from Rs (89) crore in Q3FY24, with PAT margin improving to -5% from -10% YoY. Ramkumar Shankar, Managing Director, said, “The total revenue for the first nine months stood at Rs 3,195 crore, a growth of 11% on YoY basis. This was largely on account of better prices and margins on the PVC businesses and improved performance of CMC Division (‘CMCD’). The last couple of years have been challenging for the Company, due to dumping of product, especially of Suspension and Paste PVC, resulting in margin pressures. However, it is pertinent to note that the trend has been improving, with the current year showing a marked improvement over FY ‘24. Dumping of Suspension PVC from China and Paste PVC from the European Union have resulted in pricing headwinds and the consequent impact on margins. However, domestic demand has been quite good with the apparent consumption of Suspension PVC registering a 11% growth on a year-on-year basis in the 9-month period April to December 2024, while Paste PVC registered a 13% growth over the same period. On CMCD, the MPB 3 phase 1 commissioned last year has been ramping up well and we expect healthy business from the host of molecules which have been commercialized. Phase 2 of MPB 3 was commissioned in December ‘24. The pipeline of products under development is strong and is continuously growing with increase in new enquiries from customers. The Value-added chemicals business witnessed mixed demand trends across end-user industries. Volumes for our value-added chemicals grew by 5% in the quarter and 24% over the first nine months of FY25, driven by steady demand across diverse sectors. Suspension PVC industry has seen healthy demand growth thanks to increased traction from housing, construction, irrigation and drinking water segments. We remain positive on the demand side in the coming period. The extension of the Jal Jeevan Mission to 2028, announced in the recent Union Budget, augurs well for Suspension PVC demand. Going ahead, we remain resilient and focused on expanding our capacities and capabilities, especially in the Specialty segment, to capitalise on improving market conditions.” Result PDF