📉 Aakhir hua kya? (The Financial Deep Dive)
Dekho bhaiyo, Chemplast Sanmar Limited ne Q3 FY26 (jo December 31, 2025 ko khatam hua) ka jo results nikala hai, woh bilkul bhi achha nahi hai. Jab company ka kharcha revenue se zyada tezi se badh raha ho, toh profit margin par pressure aana hi hai. Aur wahi dikh raha hai yahan. Consolidated expenses 22.3% jump karke ₹1,003.31 Crore ho gaye hain, jabki revenue 21.0% gir gaya. Iska seedha asar net loss par pada, jo ₹119.20 Crore pahunch gaya. Pichle saal isi time yeh loss sirf ₹48.82 Crore tha.
Standalone Bhi Bura Haal!
Aur sirf consolidated nahi, standalone results bhi utne hi chintaajanak hain. Standalone net loss bhi ₹56.50 Crore ho gaya hai, jo pichhle saal ₹29.75 Crore tha. Aur standalone revenue bhi 14.1% gir kar ₹504.34 Crore par aa gaya hai.
Segments Mein Bhi Operating Loss
Sabse alarming baat ye hai ki company ke dono main business segments – Specialities aur Commodity – dono mein hi operating losses aaye hain iss quarter mein. Matlab, core business mein bhi paisa nahi ban raha, yeh ek broad-based problem lag rahi hai.
9 Mahine Ka Scene Aur Outlook
Chalo, 9 mahine ka consolidated picture dekhein toh thoda relief hai, loss kam hua hai (₹62.97 Crore ho gaya hai), lekin revenue tab bhi 7.1% gira hai. Lekin standalone 9 mahine ka picture aur kharab hua hai, loss ₹152.36 Crore ho gaya hai. Ab investors 9 February 2026 ko hone wali earnings conference call ka wait kar rahe hain, jahan management se asli jawab chahiye. Management keh raha hai ki aage 2-3 quarters mein prices aur margins mein recovery ho sakti hai, par abhi ke results toh kuch aur hi keh rahe hain. Kya company losses ko rok paayegi aur revenue kaise badhayegi, yeh dekhna hoga. Competition aur market mein jo PVC dumping ki baat chal rahi hai, woh bhi ek bada factor ho sakta hai.