Chemplast Sanmar's Q2 FY'26 results showed a significant improvement QoQ and YoY, mainly driven by stronger margins in the Suspension PVC business.

Revenue from Operations stood at Rs 1,033 Cr, up 4% YoY.

EBITDA jumped 68% YoY to Rs 43 Cr, with the margin improving to 4%. While PAT remained negative at Rs 51 Cr, the company saw signs of recovery in domestic Paste PVC demand, despite margin pressure from imports.

The company is strategically focused on capacity expansion across Paste PVC, its Custom Manufactured Chemicals Division (CMCD), and Refrigerant Gas.

Green power initiatives are also underway to enhance performance.

In recent developments, CMCD continues to progress with despatches, having commercialized 17 products, and construction for MPB 3 Phase 3 (Q3 FY'26) and MPB 4 (Q4 FY'26) capacity expansions is on track.

Management acknowledges challenging business conditions but anticipates new capacities and green power projects will drive future improvement, supported by a healthy CMCD product pipeline.