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MUMBAI, India , May 24, 2022 /PRNewswire/ -- DCW Limited ("the Company" or "DCW"), a specialty chemicals company headquartered in Mumbai , declared the financial results for the quarter and year ended on 31st March 2022 .

In FY22, the Company further optimised its operating performance, with all assets operating near optimum capacity. The Company's continued efforts in improving its specialty chemicals segment operations have been delivering the desired results. Revenue from specialty chemicals increased by 55% YoY. Commodity chemicals too performed exceptionally well, with PVC and Caustic soda leading the pack; Soda ash too started witnessing the positive momentum in Q4  FY22 and registered a revenue growth of 54% QoQ. FY22 has been a year of a remarkable journey for the Company wherein it's demonstrating not only the growth in profitability but also strengthening its Balance sheet and cash flows.

Commenting on the results, Mr. Vivek Jain, Managing Director, DCW Ltd. said, "FY22 has been a remarkable year for the Company, not only on profitability front but also on operations, balance sheet and cash flows front. Company surpassing INR 1bn in PAT is a testimony of company continuous and focused approach towards scaling up the processes and its product offerings. Transiting from Commodity chemicals dominated earnings to Speciality chemicals led growth was an encouraging and satisfying journey so far. We have been able to ignite all our growth silos at the right time, continuing to move with an inspiring momentum. We began our Fiscal year with strong C-PVC performance, and later on gradually every segment picked up its growth momentum. Casutic soda performed exceptionally well in Q4 FY22, which makes this segment a vital contributor to companys overall profitability.

" The Specialty chemicals segment remains a steady revenue generator and shows tremendous potential. Revenue and EBITDA from Specialty chemicals have been continuously improving every year and have been moving from strength to strength as we further focus on scaling up the operating efficiency of this business. It remains a growth engine driver from here on for the next 1-3 years

"Besides PVC on commodity chemicals front, our Caustic Soda division is also witnessing strong momentum. From Q4 FY22 soda ash too joined the growth band wagon and saw a satisfying recovery. The strong rally in these commodities, coupled with strategic initiatives on the operations front, were the key drivers of the Company's underlying performance.

We continue to focus on excellence by leveraging our well-balanced portfolio, focusing on better operating performance and maintaining quality standards."

Specialty Chemicals Business– Q4FY22

Over the last 4 years, DCW has added niche, value-added, high margin specialty chemicals to its portfolio. The Company has various products in its specialty chemicals portfolio such as C-PVC, SIOP and Synthetic Rutile. The Company is one of the few large-scale synthetic iron oxide manufacturers for red and yellow pigments and the only C-PVC manufacturer in India .   

Commodity Chemicals Business– Q4FY22

The Company's commodity chemical business consists of Caustic Soda, Soda Ash and PVC. Soda Ash facility is based out of Dhragandhra, Gujarat, while Caustic Soda and PVC facilities are based out of Sahupuram, Tamil Nadu.

DCW is a specialty chemicals company, manufacturing PVC, C-PVC (chlorinated polyvinyl chloride), Caustic Soda, Soda Ash, and Synthetic Iron Oxide Pigment (SIOP). The Company is the only domestic manufacturer C-PVC, a versatile thermoplastic used mainly for manufacturing hot and cold-water pipes, industrial liquid handling, and a wide range of products serving a variety of applications. DCW's Caustic Soda, SIOP and PVC Units are in close proximity to the Tuticorin Port in Tamil Nadu, giving the Company a competitive edge over its peers to export its products to global markets.

Safe Harbour: This document may contain forward-looking statements about the Company, which are based on the beliefs, opinions, and expectations of the Company's management as the date of this press release and the companies do not assume any obligation to update their forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements.

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