DCW Approves Rs 40 Crore Buyback Alongside Q2 FY27 Results

Revenue Surges, Profit Slips PAT at Rs 10.4 Cr in Q2 FY27, -25.0% YoY. Revenue at Rs 663 Cr in Q2 FY27, +22.9% YoY. EBITDA at Rs 54.6 Cr, -12.9% YoY. EBITDA margin at 8.2% vs 11.6%. H1 EBITDA includes Rs 9.3 Cr provision write-back, fair-value gains and grant amortisation per CFS, ~77bps of revenue; adjusted H1 EBITDA margin ~7.2% vs reported 8.0%. Basic Chemicals drove topline at +19.9% YoY with EBIT recovering to Rs 5.5 Cr, while Speciality Chemicals EBIT fell 44.5% YoY to Rs 18.8 Cr despite revenue growth of 31.5% YoY. Board approved Rs 40 Cr open-market buyback at up to Rs 58 per share, promoters barred from participating. Auditor drew emphasis on electricity tax, customs, Sahupuram land and income-tax/MAT disputes with no provision made.