DCW Ltd., a chlor-alkali chemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit grew 47.1% to Rs 196.72 million for the period ended September 30, 2021 as against net profit of Rs 133.72 million for the previous quarter.
Net sales increased 9.6% to Rs 5.73 billion during the period ended September 30, 2021 as compared to Rs 5.22 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 1,939% to Rs 196.72 million for the period ended September 30, 2021 as against net profit of Rs 9.6 million for the prior-year quarter.
Net sales increased 68.8% to Rs 5.73 billion during the period ended September 30, 2021 as compared to Rs 3.39 billion during the prior-year quarter.
Mr. Vivek Jain, Managing Director, DCW Ltd. said, “With the gradual easing of lockdown post second wave of covid, the overall demand environment has remained positive in Q2FY22. While this positive momentum led to overall increase in offtake as well as realisations, however the supply side environment especially on energy costs and supply chain on various raw material front poses a challenge. The team has responded well to ensure customers are served with agility.
The Specialty chemicals segment remains a steady revenue generator and shows tremendous potential going ahead. C-PVC & SIOP maintained its strong foothold by contributing 20% to the total EBITDA. The SIOP division has been showing a promising turnaround and is likely to contribute meaningfully backed by higher capacity utilization and favourable market conditions in coming quarters. Order pipeline for our sepciality chemicals remains buoyant. On commodity chemicals front as well, PVC has been witnessing a good demand scenario which has helped company to report better performance. We continue our long-term focus on excellence by leveraging our speciality chemical portfiolio, better operating performance and quality standards.”
Half-Year Results- YoY
The company’s net profit grew 472.4% to Rs 330.44 million for the 6 months period ended September 30, 2021 as against net loss of Rs 88.72 million for the prior-year 6 months period.
Net sales increased 75.4% to Rs 10.95 billion during the 6 months period ended September 30, 2021 as compared to Rs 6.24 billion during the prior-year 6 months period.
DCW India Ltd is engaged in the business of manufacture and selling PVC resin, caustic soda, liquid chlorine, chlorine-based products.