DCW

DCW delivered a steady Q4 FY26 with revenue of 609 croresCurrent reported value: 609 crores. No comparable prior figure is available in the source record. (+13.2Current 13.2 crore vs previous available quarter 9.6 crore.% YoY) and EBITDA of 70 croresCurrent reported value: 70 crores. No comparable prior figure is available in the source record. (+14% YoY). PAT surged 60% YoYCurrent reported value: 60% YoY. No comparable prior figure is available in the source record. to 18Current reported value: 18. No comparable prior figure is available in the source record. crores, aided by lower finance costs. The annual EBITDA margin improved 50 bps to 11.2%Current reported value: 11.2%. No comparable prior figure is available in the source record., driven by higher volumes and cost savings from renewable energy, despite CPVC realization declines of over 20%. Specialty chemicals margins contracted 6pp to 30% due to CPVC spread compression, while basic chemicals improved to 3.5% on better utilization. Management highlighted record volumes in CPVC, SIOP, and synthetic rutile, and a leaner balance sheet with net debt of only 71 croresCurrent 71 crores. Reported change: -83% YoY.. Guidance for FY27 is cautious: EBITDA of 300 crores is reasonable but dependent on pricing; net debt likely turns negative. Key risk: sustained geopolitical disruptions in West Asia impacting feedstock costs and spreads.