DCW Q2 results, quarter to Sep 2026

NSE: DCWBSE: 500117Chemicals & PetrochemicalsSmall Cap

DCW Limited · Face value ₹2 · Listed Jul 1955 on BSE, May 1995 on NSE

₹45.08₹1.75 (4.04%)BSE ₹45.08

Share price at the NSE close on 29 Oct 2026. Previous close ₹43.33.

29 Oct: open ₹44.20, high ₹45.50, low ₹43.71

52-week range of traded prices to 29 Oct 2026

₹37.11Low, 30 Mar 2026₹72.30High, 13 Nov 2025

Next results date: the board meets on 29 Oct 2026 to consider: financial results and other business matters. The notice · Results calendar

Market cap: ₹1,331 Cr1,317th largest listed
P/E: 19.60
P/B: 1.19
Dividend yield: 0.67%
ROE: 6.2%
ROCE: 6.0%
Debt to equity: 0.29
Volume, NSE: 16,80,92841.2% delivered

DCW filed its Q2 results for the quarter to Sep 2026 on 29 Oct 2026 at 6:52 pm, standalone: the listed company alone, without its subsidiaries.

Q2 results, quarter to Sep 2026

₹ crore.DCW annual results and balance sheet

Revenue: ₹663 Cr+22.9% on a year ago · +22.3% on the quarter before
Operating profit: ₹47 Cr−18.2% on a year ago · +32.7% on the quarter before
Net profit: ₹10 Cr−25.0% on a year ago · −70.0% on the quarter before
Earnings per share: ₹0.35−25.5% on a year ago · −70.1% on the quarter before
Operating margin: 7.2%
Net margin: 1.6%

From revenue to net profit, ₹ crore

Revenue663
Materials and goods−397
Employee costs−46
Other expenses−173
Operating profit47
Depreciation−27
Other income+7.1
Finance costs−14
Profit before tax14
Tax−3.7
Net profit10

DCW results by quarter

Standalone: the listed company alone, without its subsidiaries. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

Peak revenue ₹663 Cr, quarter to Sep 2026; lowest ₹398 Cr, quarter to Dec 2023A loss in 2 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1Filed 14 Aug	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024Filed 13 Nov	Dec 2024Q3Filed 13 Feb	Mar 2025Q4	Jun 2025Q1Filed 8 Aug	Sep 2025Q2Filed 4 Nov	Dec 2025Q3Filed 10 Feb	Mar 2026Q4Filed 5 May	Jun 2026Q1Filed 13 Aug	Sep 2026Q2Filed 29 Oct
Revenue from operations	655	707	769	698	579	588	438	414	398	622	500	489	474	538	475	539	520	609	542	663
	566	608	647	592	478	489	387	373	378	558	454	453	417	482	422	481	475	544	506	615
Materials and goods bought	382	390	406	354	254	281	210	190	215	371	264	265	239	320	241	294	298	342	312	397
Employee costs	41	41	44	47	51	40	42	37	35	37	45	42	43	31	46	43	41	52	41	46
Other expenses	143	178	197	191	173	168	135	146	128	150	145	147	136	131	135	144	136	150	153	173
Operating profit before depreciation	89	99	122	106	102	99	51	42	19	63	45	35	57	56	54	58	45	65	36	47
Operating margin	13.6%	14.0%	15.8%	15.2%	17.5%	16.9%	11.7%	10.0%	4.9%	10.2%	9.0%	7.2%	12.0%	10.4%	11.3%	10.8%	8.7%	10.6%	6.6%	7.2%
Depreciation and amortisation	22	22	22	23	23	23	23	23	24	24	25	25	25	25	25	26	26	26	26	27
Other income	1	1	2	5	4	4	4	4	4	6	6	6	5	6	4	5	5	6	6	7
Finance costs	28	26	26	62	20	19	17	19	18	20	17	18	16	16	15	16	16	15	15	14
Profit before one-off items and tax	41	52	76	26	63	62	15	4	−18	25	10	−2	20	21	18	21	8	28	0	14
One-off items	0	0	15	30	3	0	0	0	−1	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	41	52	91	56	66	62	15	4	−19	25	10	−2	20	21	18	21	8	28	0	14
	14	4	32	6	18	27	5	2	−7	9	3	−1	7	9	6	7	3	10	−34	4
Current tax	7	9	16	10	12	11	3	1	−3	4	2	0	4	4	3	4	1	3	0	3
Deferred tax	7	−4	16	−4	6	15	3	1	−3	5	2	0	3	6	3	4	1	7	−34	1
Tax rate	34.7%	8.5%	35.4%	11.0%	26.7%	42.9%	34.8%	40.6%	–	37.6%	33.7%	–	33.7%	45.2%	35.5%	34.4%	35.0%	36.3%	−9,579.5%	26.1%
Net profit	27	48	59	50	48	35	10	3	−12	15	7	−1	13	11	11	14	5	18	35	10
Other comprehensive income	0	−1	0	0	0	−4	0	0	0	0	0	0	0	−1	0	0	0	0	0	0
Total comprehensive income	27	47	59	50	48	32	10	3	−12	15	7	−1	13	11	11	14	5	18	35	10
Net margin	4.1%	6.8%	7.6%	7.1%	8.3%	6.0%	2.3%	0.6%	−3.1%	2.5%	1.3%	−0.3%	2.8%	2.1%	2.4%	2.6%	0.9%	3.0%	6.4%	1.6%
Earnings per share	₹1.02	₹1.83	₹2.24	₹1.68	₹1.63	₹1.20	₹0.34	₹0.09	−₹0.42	₹0.52	₹0.23	−₹0.04	₹0.45	₹0.39	₹0.39	₹0.47	₹0.17	₹0.61	₹1.17	₹0.35
Diluted earnings per share	₹0.94	₹1.63	₹2.06	₹1.68	₹1.63	₹1.20	₹0.34	₹0.09	−₹0.42	₹0.52	₹0.23	−₹0.04	₹0.45	₹0.39	₹0.39	₹0.47	₹0.17	₹0.61	₹1.17	₹0.35

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Standalone, ₹ crore, quarters to Sep 2026.DCW segment results by year

Basic Chemicals
Revenue, ₹ crore
411
342
395
362
439
361
473
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
1
−3
0
−14
16
−28
5
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Speciality Chemicals
Revenue, ₹ crore
89
129
133
144
123
125
128
140
156
167
177
184
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
22
36
37
37
37
35
33
34
38
27
41
19
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Others
Revenue, ₹ crore
2
5
4
2
2
4
5
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
0
2
2
−1
0
2
3
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26

₹ crore	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue of all businesses	395	619	496	485	472	538	475	539	520	609	542	663
Company revenue, as in its results	398	622	500	489	474	538	475	539	520	609	542	663
Revenue	–	–	–	–	–	411	342	395	362	439	361	473
Revenue growth	–	–	–	–	–	–	–	–	–	6.9%	5.4%	19.9%
Profit	–	–	–	–	–	1	−3	0	−14	16	−28	5
Profit growth	–	–	–	–	–	–	–	–	–	1,408.7%	–	1,404.6%
Margin	–	–	–	–	–	0.3%	−0.8%	0.1%	−3.8%	3.7%	−7.7%	1.2%
Assets	–	–	–	–	–	1,097	1,153	1,108	1,088	980	1,053	985
Liabilities	–	–	–	–	–	482	82	527	504	446	548	541
Capital employed	–	–	–	–	–	615	1,071	581	584	534	505	444
Revenue	89	129	133	144	123	125	128	140	156	167	177	184
Revenue growth	−1.4%	46.8%	82.1%	88.0%	38.6%	−3.4%	−3.7%	−2.6%	26.6%	34.1%	37.7%	31.5%
Profit	22	36	37	37	37	35	33	34	38	27	41	19
Profit growth	91.7%	40.8%	156.7%	62.3%	65.8%	−0.9%	−12.0%	−8.1%	3.5%	−23.5%	23.2%	−44.5%
Margin	24.9%	27.5%	28.0%	25.6%	29.8%	28.2%	25.6%	24.2%	24.4%	16.1%	22.9%	10.2%
Assets	771	762	765	750	785	792	809	821	824	821	865	848
Liabilities	65	61	78	74	105	68	424	79	75	86	112	92
Capital employed	706	700	687	676	680	724	386	741	749	734	753	755
Revenue	–	–	–	–	–	2	5	4	2	2	4	5
Profit	–	–	–	–	–	0	2	2	−1	0	2	3
Margin	–	–	–	–	–	7.5%	54.2%	52.9%	−40.6%	13.0%	57.4%	60.8%
Assets	–	–	–	–	–	279	266	275	312	289	387	379
Liabilities	–	–	–	–	–	81	55	91	162	94	162	66
Capital employed	–	–	–	–	–	198	211	184	150	195	225	313
Revenue	171	181	195	173	150	–	–	–	–	–	–	–
Revenue growth	0.4%	−11.8%	18.1%	−0.9%	−11.9%	–	–	–	–	–	–	–
Profit	−12	1	11	−12	0	–	–	–	–	–	–	–
Profit growth	–	−95.3%	–	–	–	–	–	–	–	–	–	–
Margin	−6.8%	0.6%	5.8%	−6.9%	−0.3%	–	–	–	–	–	–	–
Assets	182	165	172	184	165	–	–	–	–	–	–	–
Liabilities	328	285	281	325	273	–	–	–	–	–	–	–
Capital employed	−146	−120	−109	−141	−108	–	–	–	–	–	–	–
Revenue	75	249	108	110	141	–	–	–	–	–	–	–
Revenue growth	−66.9%	29.1%	−19.6%	7.6%	87.0%	–	–	–	–	–	–	–
Profit	−13	5	−20	−10	−1	–	–	–	–	–	–	–
Profit growth	–	−63.2%	–	–	–	–	–	–	–	–	–	–
Margin	−17.9%	2.0%	−18.9%	−9.2%	−0.7%	–	–	–	–	–	–	–
Assets	721	598	676	656	672	–	–	–	–	–	–	–
Liabilities	109	105	123	127	154	–	–	–	–	–	–	–
Capital employed	612	493	554	529	518	–	–	–	–	–	–	–
Revenue	61	59	59	59	58	–	–	–	–	–	–	–
Revenue growth	−32.5%	−39.9%	−2.1%	5.5%	−4.4%	–	–	–	–	–	–	–
Profit	3	3	−3	0	1	–	–	–	–	–	–	–
Profit growth	−82.0%	−85.7%	–	–	−55.7%	–	–	–	–	–	–	–
Margin	4.5%	4.9%	−5.3%	0.8%	2.1%	–	–	–	–	–	–	–
Assets	335	315	322	316	312	–	–	–	–	–	–	–
Liabilities	38	30	43	42	39	–	–	–	–	–	–	–
Capital employed	297	285	278	274	273	–	–	–	–	–	–	–
Revenue	2	2	4	4	2	–	–	–	–	–	–	–
Profit	0	0	2	1	0	–	–	–	–	–	–	–
Assets	228	239	247	271	344	–	–	–	–	–	–	–
Liabilities	47	56	137	104	153	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

DCW results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Basic Chemicals

Speciality Chemicals

Others