Sustained Crude Volatility and Margin Compression
Sharp crude price movements have compressed spreads to near EBITDA-neutral levels in March, and uncertainty persists.
FILATEXINDIA / Q4-FY26 / risks
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Filatex India · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Forex Losses from Unhedged Imports
A ₹13 crore forex loss in Q4 highlights exposure to MEG/PTA imports; hedging costs 3.5-4% annually.
Recycling Plant Customer Approval Delays
Customer validation cycles take 4-6 months; full capacity utilization may be delayed if approvals lag.
Labor Shortages and Migration
Migrant labor shortages due to LPG cylinder costs and elections have disrupted operations, though improving.