DCW Q4 FY26 Revenue Up 13.2% YoY to ₹609 Cr, PAT Surges 60.2% to ₹18 Cr
DCW Limited reported Q4 FY26 revenue of ₹609 crore, up 13.2% YoY. Full-year FY26 revenue reached ₹2,143.6 crore, a 7.2% increase. PAT surged 60.2% to ₹18.1 crore in Q4 and 60.1% to ₹48.2 crore for FY26. EBITDA grew 16.0% YoY to ₹64.6 crore in Q4. Debt reduced by ₹150 crore.
The announcement includes key financial performance indicators like revenue growth, profit surge, and debt reduction, which are material information for investors and analysts, significantly impacting the company's valuation and outlook.
The company has reported significant year-on-year growth in revenue, PAT, and EBITDA for both the quarter and the full fiscal year. Debt reduction and strong cash position further contribute to positive sentiment.
DCW Limited has announced its financial results for the fourth quarter and full financial year ended March 31, 2026. The company reported a revenue from operations of ₹6,091 million (₹609.1 crore) for Q4 FY26, marking a 13.2% year-on-year increase and a 17.2% sequential growth.
For the full fiscal year FY26, revenue stood at ₹21,436 million (₹2,143.6 crore), up by 7.2% year-on-year. This growth was achieved despite a significant portion of incremental PVC volumes (25-30%) being diverted for captive consumption to support CPVC production.
Profit After Tax (PAT) for Q4 FY26 surged by 60.2% to ₹181 million (₹18.1 crore), with PAT margins improving to 2.97% from 2.10% in the previous year. For FY26, PAT increased by 60.1% to ₹482 million (₹48.2 crore), and PAT margins improved to 2.25% from 1.50%.
EBITDA for Q4 FY26 was ₹646 million (₹64.6 crore), a 16.0% year-on-year increase, with EBITDA margins at 10.61%. For FY26, EBITDA grew by 14.7% to ₹2,216 million (₹221.6 crore), and margins improved to 10.34%.
The company achieved its highest-ever sales volumes in CPVC, SIOP, and Synthetic Rutile during FY26. Production and sales volumes increased across most product segments, with the exception of PVC, where captive consumption was prioritized.
The Basic Chemicals segment saw margin improvement to 2.4% from breakeven levels in the previous year. However, Specialty Chemicals EBITDA decreased by 5%, with margins at 29.7% (down from 35.3%), primarily due to a sharp fall in CPVC net realisations impacting the PVC-CPVC spread.
Gross Debt was reduced by ₹1,500 million to ₹2,758 million (₹275.8 crore) as of FY26 end, reflecting scheduled repayments and a multi-year low in debt levels. The company maintained a healthy cash position of ₹2,043 million (₹204.3 crore), resulting in a closing Net Debt of ₹714 million (₹71.4 crore).
The company submitted an investor presentation for the quarter and financial year ended March 31, 2026, to the stock exchanges.
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DCW Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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