DMCC Speciality Chemicals Ltd Q3 FY26 Results

Commenting on the Q3 & 9MFY26 Performance, Bimal Goculdas, Managing Director and CEO, said During Q3FY26, the Company recorded healthy growth in topline, driven by continuity in the Boron business and improved realisations in the commodity chemicals segment. Commodity prices remained elevated during the quarter, particularly sulphur, which is a key raw material for this segment. The Company was able to pass through the increase to customers, thereby protecting absolute profitability. However, the higher revenue base resulting from elevated commodity prices led to a moderation in margin percentages. In the current quarter as well, sulphur prices have remained firm, while sulphuric acid prices have softened following the commissioning of new smelter capacity during the year. While volumes in the commodity chemicals business have remained stable, profitability has moderated due to the divergence between raw material costs and finished product prices. The Company continues to actively manage pricing and volumes to maintain operational stability. Akey positive development during the period has been the resumption of Boron operations, as communicated earlier. Although Boron production contributed for only part of the quarter, operations have now returned to normal levels in the current quarter. At its present scale, the Boron business has the potential to generate annual revenues in the range of 2125 to 2150 crore, providing a meaningful diversification to the Company's overall portfolio.