Sanathan Textiles earnings calls.

Sanathan Textiles reported Q3 FY26 consolidated revenue of ₹178.7 croreCurrent reported value: ₹178.7 crore. No comparable prior figure is available in the source record. (up 31.9% QoQ driven by Punjab ramp-up) with normalized EBITDA of ₹59.9 croreCurrent reported value: ₹59.9 crore. No comparable prior figure is available in the source record. (5.6% margin). The margin compression versus prior quarters was attributed to multiple headwinds: GST rate change causing customer deferrals, removal of BIS QCO requirements creating temporary inventory pressure and pricing impact of 10-12% on FDY yarn (since partially recovered ~50%), and Punjab facility operating at 60-65%Current 60-65%. Reported change: Targeting 100% by Q4 FY26. utilization with associated fixed cost drag. The Punjab polymerization facility reached 575 MTPDCurrent Punjab polymerization facility reached 575 MTPD. Reported change: +64% from 350 MTPD start. (targeting 700 MTPD by Q4 FY26 end), marking EBITDA-positive milestone. Guidance for FY27 targets ₹5,700 crore consolidated revenueCurrent reported value: ₹5,700 crore consolidated revenue. No comparable prior figure is available in the source record. with double-digit EBITDA margins, implying full earnings potential from expanded manufacturing base. Key risks include China dumping post-QCO removal (prices still down 6-7%), working capital pressure from inverted duty structure, and extended ramp-up period for new facilities. Management projects Q4 consolidated revenue ~₹1,200 crore with EBITDA of ₹90-100 crore.