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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹412 Cr
verified against source
Revenue YoY
-24%
reported change
EBITDA
₹32 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Century Enka's Q2 FY26 revenue declined 24% YoY to ₹409 crore, impacted by subdued demand and cheap Chinese imports in both tire cord fabric and nylon filament yarn segments. EBITDA fell 17% YoY to ₹32 crore, though margins improved sequentially to 7.73% due to lower caprolactam prices and a favorable product mix shift toward value-added yarns (now >35% of portfolio). PAT rose 4% YoY to ₹22 crore, aided by inventory management and cost controls. Management expects H2 recovery driven by GST cuts on tires, festive demand, and potential anti-dumping duties on nylon filament yarn (decision expected by December). Commercial supplies of polyester tire cord fabric (PTCF) are slated for Q4. Key risk: sustained Chinese dumping and geopolitical uncertainties could delay volume recovery.
Colored figures show movement against the previous available record.
Guidance to track
- Polyester tire cord fabric approvals progressing; commercial supplies expected to begin in Q4 FY26.
- Industry data submission nearly complete; positive development expected in Q3 FY26, possibly before December.
- Currently 15-20% of power from renewables; target to increase to 30-35% within 1-2 years.
- Management expects value-added products to cross 50% of nylon filament yarn portfolio in 2-3 years.
Risks flagged
- Imports from China have doubled YoY, pressuring margins on commodity products; anti-dumping duty outcome uncertain.
- US-China tariff tensions and global trade disruptions could further impact demand and raw material costs.
- Current capacity utilization is around 65-70% (annualized ~72,000 MT vs 92,000 MT capacity), indicating underutilization.
- Management declined to disclose PTCF capacity or margin specifics; commercial supplies only expected in Q4, with no volume commitments.
Key quotes
- We expect some positive developments in quarter three hopefully before December.
- Our margins on commodity products remained under pressure due to significant increase in low price imports from China both year-on-year and sequentially.
- The main driver for certain significant increase in margin has been the low-priced raw materials.
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