Chemplast Sanmar Ltd reported a wider consolidated net loss of ₹119 crore for the December quarter (Q3 FY26), compared with a net loss of ₹49 crore a year earlier, as pricing pressure weighed across product segments.
Revenue from operations declined to ₹835 crore from ₹1,058 crore in the corresponding quarter last year. Segment-wise, Specialty Chemicals contributed ₹336 crore, Suspension PVC ₹394 crore and Value Added Chemicals ₹105 crore.
Commenting on the performance, Managing Director Ramkumar Shankar said the quarter was challenging due to sustained pricing pressure across products. “Despite these headwinds, we remained focused on disciplined execution, cost control and maintaining operational stability, while continuing to progress on our strategic initiatives,” he said.
The company is seeing early signs of a pricing revival in the Suspension PVC segment, aided by policy changes related to tax rebates by the Chinese government. Shankar added that the anti-dumping investigation into Paste PVC imports from the EU and Japan is progressing well.
On the capital expenditure front, civil works for Phase 3 and Phase 4 of the multi-purpose production block are advancing as planned, with completion expected in Q4 FY26 and Q1 FY27, respectively.
The R32 refrigerant gas capacity expansion to 14 ktpa is also underway at Mettur, with commercial sales expected after commissioning of the swing plant in Q4 FY26.
“With easing pricing pressure, new capacity additions and supportive regulatory developments, we expect to start FY27 on a stronger note,” Shankar said.