Century Enka News

Century Enka faces Rs 38.30 lakh IT penalty order

Century Enka Limited receives income tax penalty demand of Rs 38,29,964 from National Faceless Assessment Centre for assessment year 2020-21, company plans to contest the order.

Century Enka Board Meet Set for Feb 6 for Q3FY26 Results

Century Enka Limited has scheduled its board meeting for February 6, 2026, to consider and approve unaudited financial results for Q3FY26. Trading window remains closed until February 8, 2026.

Century Enka Reports 24% Revenue Decline in Q2 FY26 Amid Chinese Import Pressure

Century Enka Limited reported operating revenue of INR 409 crores in Q2 FY26, declining 24% year-on-year but increasing 2% quarter-on-quarter. EBITDA stood at INR 32 crores with margins at 7.73%, while profit after tax was INR 22 crores, up 4% year-on-year. The company faced challenges from subdued demand and increased low-cost imports from China in both tyre cord fabrics and filament yarn segments. For H1 FY26, revenue declined 24% to INR 810 crores with total volumes down 14% to 34,992 metric tons. The industry is pursuing anti-dumping duties on nylon filament yarn imports from China. The company expects commercial supplies from its PTCF project to begin in Q4, with total investment of approximately INR 100 crores. Management anticipates better volumes in the second half supported by GST reductions on tyres and festive season demand, though geopolitical tensions and trade uncertainties remain key risks.

Century Enka Reports Q2 FY26 Revenue of INR 4,087 Million with 7.73% EBITDA Margin

Century Enka Limited reported quarterly results with revenue from operations of INR 4,087 million and EBITDA of INR 316 million, representing a 7.73% EBITDA margin. Net profit stood at INR 223 million with a 5.46% PAT margin, resulting in basic/diluted EPS of INR 10.22. For the half-year period, revenue reached INR 8,102 million with EBITDA of INR 516 million (6.37% margin) and net profit of INR 377 million (4.65% margin). The company's Tyre Cord Fabric business faced challenges from lower demand and higher imports from China, while margins remained under pressure from cheap imports. Filament yarn sales volumes improved sequentially after plant restart following fire disruption. The company continues to face impact from significantly increased imports from China at low prices. Caprolactam prices continued to decline to record lows, though the pace of decline has reduced. The company has two manufacturing facilities in Pune and Bharuch with capacity of 92,000 MTPA and maintains a net surplus cash position.