Chemplast Sanmar Limited, a speciality chemicals company with a significant presence in the Custom Manufacturing business, the market leader in Speciality Paste PVC in India and the 2nd largest producer of Suspension PVC in India (through its wholly-owned subsidiary), announced its audited Financial Results for the quarter and year ended March 31, 2025.

The company has posted net loss of Rs. 54 crore in Q4 FY25 as compared to net loss of Rs. 31 crore in Q4 FY24. Revenue from Operations in Q4 FY25 stood at Rs. 1,151 crore as compared to Rs. 1,051 crore in Q4 FY24, reflecting a growth of 10 per cent. EBITDA grew by 75 per cent from Rs. 21 crore in Q4 FY24 to Rs. 37 crore.

For FY25, Revenue from Operations grew by 11% at Rs. 4,346 crore from Rs. 3,923 crore in FY24. Net loss also reduced from Rs. 158 crore in FY24 to Rs. 110 crore in FY25. Meanwhile, EBITDA grew by 747% to Rs. 219 crore from Rs. 26 crore in FY24.

Commenting on the results, Ramkumar Shankar, Managing Director, said, “During FY25, the company has improved its performance as compared to FY ‘24 with sales increasing by 11% from Rs. 3,923 crores in FY ‘24 to Rs 4,346 crores in FY ‘25, led by production ramp-up of new Specialty Chemicals capacities at Cuddalore & Berigai, Tamil Nadu. The EBITDA improved from Rs. 26 crores to Rs. 219 crores, largely driven by better pricing and margins in both Paste PVC and Suspension PVC (especially in the first quarter of FY ‘25), stronger performance in the CMC segment and higher output from the new Cuddalore Paste PVC facility. However, the company’s profitability continues to be impacted by dumping of both Suspension and Paste PVC into India.

While ADD has been imposed on Paste PVC imports from certain countries, continued dumping from the EU has created pressure on prices. This is being investigated and the outcome is expected in the next few months. The ADD on Suspension PVC remains pending due to ongoing legal proceedings. The company remains hopeful of a favorable resolution in both proceedings.

The company is also pleased to announce a greenfield capex of ~ Rs. 340 crores for the production of R32 refrigerant gas. This project, along with the ongoing MPB expansion under the CMC business, reinforces its strategy to grow in the specialty chemicals space.

Looking ahead, the company remains optimistic about stronger demand and improved pricing coupled with higher volumes from inventory liquidation and consistent operation at higher rates of the newly expanded capacities, supported by policy measures and targeted investments in high-return, sustainable businesses.”