DMCC Speciality Chemicals Reports 27.81% Revenue Growth in Q3FY26 Despite Profit Decline
DMCC Speciality Chemicals delivered strong Q3FY26 revenue growth of 27.81% to ₹150.87 crore driven by Boron business continuity and improved commodity chemical realisations, though profitability declined 21.64% due to elevated sulphur prices and margin compression. The board approved key governance changes including MD re-appointment and the company resumed Boron operations with potential annual revenue of ₹125-150 crore.

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DMCC Speciality Chemicals Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors approved the results and several key corporate governance decisions during their meeting held on February 6, 2026.
Financial Performance Highlights
DMCC Speciality Chemicals delivered strong revenue growth in Q3FY26 across both standalone and consolidated operations, though profitability faced pressure due to elevated commodity prices and margin compression.
Consolidated Performance Overview
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations: | ₹150.87 crore | ₹118.04 crore | +27.81% |
| EBITDA: | ₹14.91 crore | ₹18.12 crore | -17.72% |
| EBITDA Margin: | 9.87% | 15.30% | -543 bps |
| Net Profit: | ₹6.17 crore | ₹7.87 crore | -21.64% |
| EPS: | ₹2.47 | ₹3.16 | -21.84% |
For the nine months ended December 31, 2025, the company reported consolidated revenue of ₹403.94 crore compared to ₹306.08 crore in the corresponding period of the previous year, representing growth of 31.97%. Net profit for the nine-month period stood at ₹19.67 crore versus ₹15.06 crore in the previous year, marking an increase of 30.68%.
Standalone Results
| Metric: | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Net Sales: | ₹15,083.27 lakhs | ₹11,803.17 lakhs | +27.80% |
| Total Income: | ₹15,102.31 lakhs | ₹11,842.14 lakhs | +27.52% |
| Net Profit: | ₹616.04 lakhs | ₹788.31 lakhs | -21.86% |
Operational Performance and Market Dynamics
During Q3FY26, the company recorded healthy topline growth driven by continuity in the Boron business and improved realisations in the commodity chemicals segment. The operational mix showed domestic revenues contributing 86% while exports accounted for 14% of total sales.
Business Segment Performance
| Parameter: | Contribution (%) |
|---|---|
| Speciality Chemicals: | 33% |
| Bulk Chemicals: | 67% |
| Export Revenues: | 14% |
| Domestic Revenues: | 86% |
Commodity prices remained elevated during the quarter, particularly sulphur, which is a key raw material. The company successfully passed through price increases to customers, protecting absolute profitability, though higher revenue base from elevated commodity prices led to margin percentage moderation.
Key Board Decisions and Corporate Governance
The Board of Directors approved several significant corporate governance matters during their meeting held on February 6, 2026.
Management Re-appointment
| Parameter: | Details |
|---|---|
| Position: | Managing Director and Chief Executive Officer |
| Appointee: | Shri Bimal Lalitsingh Goculdas (DIN: 00422783) |
| Term: | Three consecutive years (April 1, 2026 to March 31, 2029) |
| Status: | Subject to shareholder approval |
The board also approved remuneration enhancement for Shri Kuldeep Kumar Tiwari, Executive Director (Operations), amendments to Memorandum and Articles of Association, and postal ballot authorization for shareholder approvals.
Strategic Developments and Outlook
A key positive development has been the resumption of Boron operations, which contributed partially during the quarter but has now returned to normal levels. At its present scale, the Boron business has potential to generate annual revenues in the range of ₹125 to ₹150 crore, providing meaningful diversification to the company's portfolio.
The company continues strategic efforts to reduce geographic concentration by gaining traction in Latin American markets, helping mitigate subdued demand in Europe. The solar power project at Roha, along with waste heat recovery and cogeneration facilities at Roha and Dahej, now contribute over 80% of the company's energy requirements, strengthening cost efficiency and environmental performance.
Historical Stock Returns for DMCC Speciality Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.72% | -7.57% | +1.80% | -31.03% | -24.06% | -27.00% |


































