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DCW Limited Q4 FY25 earnings call summary

NSE: DCW · BSE: 500117

Earnings call of 13 May 2025, summarised by AI from the filing.

DCW FY25 EBITDA up 12% to ₹217 cr, PAT doubled to ₹30 cr; FY27 EBITDA guidance of ₹400 cr reiterated.

Key takeaways

  1. FY25 EBITDA ₹217 cr (FY24: ₹194 cr, +12%), driven by specialty chemicals.
  2. FY27 guidance EBITDA of ₹400 cr looks quite likely.
  3. Net debt Net debt-to-EBITDA below 1x at 0.97x (FY24: 1.4x).
  4. Specialty growth Specialty revenue grew 43% to ₹526 cr on capacity-led capex.
  5. Pricing pressure Low-cost imports from China squeezed margins in PVC and Soda Ash.

Original filing on BSE

DCW Limited Q1 FY27 results

As filed: Revenue ₹542 cr (+14% year on year), EBITDA ₹35.8 cr (−34% year on year), PAT ₹34.6 cr (+214% year on year), EBITDA margin 6.6% (−474 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹609 cr (+13% year on year), EBITDA ₹64.6 cr (+15% year on year), PAT ₹18.1 cr (+64% year on year), EBITDA margin 10.6% (+19 bps). Score 56 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it; profit growth was well above it. EBITDA margin rose 19 bps year on year. Tax rate 36%. Share price after the results: +1.2% in 30 days (Nifty 500: −1.5%).
  • Q3 FY26: Revenue ₹520 cr (+10% year on year), EBITDA ₹45.2 cr (−19% year on year), PAT ₹4.9 cr (−62% year on year), EBITDA margin 8.7% (−311 bps). Score 37 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 311 bps year on year. Other income 64% of PBT. Revenue fell 4% from last quarter. Share price after the results: −21.4% in 30 days (Nifty 500: −7.8%).
  • Q2 FY26: Revenue ₹539 cr (+10% year on year), EBITDA ₹58.0 cr (+66% year on year), PAT ₹14.0 cr, EBITDA margin 10.8% (+360 bps). Score 70 of 100, Above trend. Revenue and EBITDA growth were above the company's own trend. EBITDA margin rose 360 bps year on year. Tax rate 38%. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: −9.2% in 30 days (Nifty 500: −0.3%).
  • Q1 FY26: Revenue ₹476 cr (−5% year on year), EBITDA ₹54.0 cr (+17% year on year), PAT ₹11.0 cr (+57% year on year), EBITDA margin 11.3% (+214 bps). Score 57 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was in line with it; profit growth was well above it. EBITDA margin rose 214 bps year on year. Revenue fell 12% from last quarter. Share price after the results: +1.1% in 28 days (Nifty 500: +1.7%).
  • Q4 FY25: Revenue ₹538 cr (−14% year on year), EBITDA ₹56.0 cr (−11% year on year), PAT ₹11.0 cr (−27% year on year), EBITDA margin 10.4% (+28 bps). Score 28 of 100, Below trend. Revenue and profit growth were below the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 28 bps year on year. Other income 29% of PBT. Tax rate 48%. Profit fell 15% from last quarter. Share price after the results: +14.0% in 30 days (Nifty 500: +7.7%).
  • Q3 FY25: Revenue ₹474 cr (+19% year on year), EBITDA ₹56.0 cr (+180% year on year), PAT ₹13.0 cr, EBITDA margin 11.8% (+679 bps). Score 85 of 100, Above trend. Revenue growth was above the company's own trend; EBITDA growth was well above it. EBITDA margin rose 679 bps year on year. Revenue fell 3% from last quarter.
  • Q2 FY25: Revenue ₹489 cr (+18% year on year), EBITDA ₹35.0 cr (−17% year on year), PAT −₹1.0 cr (−133% year on year), EBITDA margin 7.2% (−299 bps). Score 20 of 100, Below trend. EBITDA margin fell 299 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 114% from last quarter.

Past price moves after results do not indicate future moves. Not a recommendation.

DCW Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.