DCW Limited — Investor Meet, 14-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Q1 FY26 saw revenue at INR 475 Cr, a dip due to PVC diversion for C-PVC production and lower Synthetic Rutile sales. However, PAT impressively rose 70% YoY to INR 11.4 Cr, boosted by better basic chemical profitability and finance costs hitting a 32-quarter low. Specialty Chemicals are now a major EBITDA driver. The company launched 20,000 tons C-PVC capacity ahead of schedule and a 44.5 MW solar project. Management prioritizes specialty growth, cost control, and deleveraging, aiming for sub-0.5x net debt-to-EBITDA by FY26 end. Confident outlook for long-term C-PVC demand and market position.