Stylam Industries Ltd (STYLAMIND) Q2FY27 Concall Transcript - Sep-2026 Qtr
Moderator (Systematix Shares and Stocks Limited): Ladies and gentlemen, good day, and welcome to Stylam Industries Limited Q2 FY '27 Earnings Conference Call, hosted by Systematix Shares and Stocks Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star, then zero on your touch-tone phone. Please note, this conference is being recorded. I now hand the conference over to Mr. Rishabh Bothra from Systematix. Thank you, and over to you, sir.
Rishabh Bothra (Systematix Institutional Equities): Thank you. On behalf of Systematix Institutional Equities, we welcome you all to the Q2 FY '27 Earnings Conference Call of Stylam Industries Limited. From the management side, we have Mr. Jagdish Gupta, Managing Director; Mr. Manit Gupta, Whole-Time Director; Mr. Kishan Nagpal, Chief Financial Officer; and Mr. Sanjeev Madan, Vice President. I will now hand over the call to the, to Jagdish-ji for his opening remarks, followed by Q&A session. The call will be scheduled for about 45 minutes and no repetitive questions be asked. Over to you, sir.
Jagdish Gupta (Stylam Industries Ltd): It is my pleasure to welcome you to Stylam Industries Limited earnings conference call for the second quarter and half year ending September 30, '26. On behalf of the entire leadership team, I would like to extend my sincere appreciation for your continuous trust
Jagdish Gupta (Stylam Industries Ltd): Stylam Industries. In the interest of time rather than taking you through the presentation in detail we would like to make the session in interactive and and with a focus on addressing your question and sharing our perspective on the company's performance, business outlook, growth opportunity and strategic clarity. With these opening remark, I would now request the moderator to take over and open the floor for question answer session. Thanks again for joining us today, we look forward to insightful and constructive interaction with all of you. Thanks.
Moderator (Systematix Shares and Stocks Limited): Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press star and one on their touch-tone telephone. If you wish to remove yourself from the question queue, you may press star and two. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. The first question is from the line of Keshav from HDFC Securities. Please go ahead.
Keshav (HDFC Securities): Hi, thank you for the opportunity. So, firstly, I want to understand, sir, now the new plant has commissioned, what is the outlook for the same, how is it you know, ramping up? Has it started commercial product production? And what sort of revenue are we expecting for this year from that plant?
Jagdish Gupta (Stylam Industries Ltd): Plant is already started. One by one, two presses is already start, third one is going within two-three days and fourth also within few days. Within this month, plant will be fully operational. But the problem, we have a orders will in hand for export, but the problem we are facing is due to this war, ocean freight and non-availability of vessels to Middle East countries. So, even then, we are expecting 250 to 300 crore turnover this year from the new plant.
Keshav (HDFC Securities): Understood, correct. So, tell me one thing. If I see your export realization per sheet by the volume data what you have reported, that is just up by 1% year-on-year. So, ideally considering that now ocean freights are up, you know, chemical prices have increased, so ideally export realization per sheet should have increased increased by double-digit. So, what am I missing? Or has the product mix been more like a you know, low low-margin product or more like a, you know, low-revenue product you have sold in this quarter?
Kishan Nagpal (Stylam Industries Ltd): No, no, I think can you, please? Keshav ji, good afternoon, Kishan Raghuwanshi here. Actually, jo last year mein hamari jo average realization aayi thi export se aayi thi, woh 161 rupees aayi thi per kg ke hisaab se. Aur Q1 ke andar jo hamari per kg realization export se aayi hai woh 186 rupees aayi hai, aur Q2 ke andar jo realization jo aa rahi hai woh 19- 191 rupees aa rahi hai. To realization mein increase hua hai
Keshav (HDFC Securities): To agar hum log abhi jo main compute kar raha hoon per sheet ka number export ka, jo Q2 FY26 mein 1 saal pehle aayi thi 1,039 aur yeh quarter mein jo hai, jo 1,052 hai, to year-on-year sirf 1% increment dikh raha hai.
Kishan Nagpal (Stylam Industries Ltd): Keshav ji, main hum last time bhi aapko bataya tha ki per sheet realization na le karke per kg realization lenge to woh zyada appropriate hota hai. Aur maine wahi bataya ki aapka jo last year ka 161 rupees per kg ki average realization aa rahi thi jo Q2 ke andar 191 rupees aa gayi. Exactly baat karu to 19 to 20% ki increase iske andar aa rahi hai.
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