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DCW Q2 profit rises 65% on strong operational performance

Chemical manufacturing company DCW, formally known as Dhrangadhra Chemical Works, has reported a whopping 64.8 percent growth in profit at Rs 8.9 crore compared with year-ago period, driven by strong operational performance.
Dec 6, 2016 / 03:02 PM IST
 
 
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Moneycontrol Bureau

Chemical manufacturing company DCW, formally known as Dhrangadhra Chemical Works, has reported a whopping 64.8 percent growth in profit at Rs 8.9 crore compared with year-ago period, driven by strong operational performance.


EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 18 percent to Rs 45.2 crore and margin expanded by 340 basis points to 13.4 percent due to lower other expenses, raw material cost and power & fuel cost.


However, revenue during the quarter fell 12.2 percent to Rs 336.1 crore compared with Rs 382.6 crore in same quarter last year.

At 14:59 hours IST, the stock was quoting at Rs 30.05, up Rs 1.30, or 4.52 percent amid high volumes on the BSE.

first published: Dec 6, 2016 03:02 pm

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