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DCW Limited delivered resilient Q2 FY26 performance amid a tough chemical market. Revenue up 10.3% YoY to Rs 539 Cr, with PAT turning positive to Rs 13.8 Cr. H1 PAT surged 4.5x to Rs 25 Cr. EBITDA margins expanded to 10.78%. Specialty chemicals shined: CPVC capacity scaled to 40,000 tonnes, driving record sales despite 15% price erosion. Basic chemicals' EBITDA turned positive from renewable power gains. Net debt reduced to Rs 155 Cr. Management anticipates stronger H2, eyeing Rs 2,500 Cr annual revenue and Rs 400 Cr EBITDA by FY27 through further specialty expansion and strategic cost efficiencies.