Suspension PVC break-even at PBT level by Q4 FY26
Management expects suspension PVC to break even at the PBT level in February-March 2026, driven by price increases and discount rollbacks.
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CMCD revenue target of ₹1,000 crore delayed to FY28
The earlier target of ₹1,000 crore revenue from CMCD by FY27 is now expected by FY28, delayed by a few quarters due to slower ramp-up of new molecules.
R32 swing plant commissioning by end of Q4 FY26
The 2 KTPA swing plant (converted from R22) will be commissioned by end of Q4 FY26, with commercial sales starting thereafter.
R32 full-year revenue of ~₹600 crore post ramp-up
Once all R32 units are operational, the first full year of production is expected to generate around ₹600 crore in revenue.
R32 capacity target of 14 KT by end of calendar year 2026
Commercial production of R32 refrigerant gas has commenced at the 2 KT swing plant. Expansion to 14,000 metric tons is expected by end of calendar year 2026, with design provisions for further debottlenecking.
Custom manufacturing revenue target of ₹1,000 crore
Management reiterated the medium-term revenue target of ₹1,000 crore for the custom manufactured chemicals business, though delayed by about 12 months due to agrochemical slowdown.
Expectation of 7.5% customs duty restoration on PVC by end of June 2026
Management expects the 7.5% customs duty on PVC, which was temporarily reduced, to be restored by end of June 2026, which would add approximately $70 per ton to realizations.
Board committee to evaluate strategic reorganization and M&A
A committee of three independent directors has been formed to examine strategic priorities, including potential reorganization and M&A opportunities, to enhance long-term stakeholder value.