DMCC Speciality Chemicals Limited has reported its financial performance for the third quarter and the first nine months of FY26. The company recorded healthy growth in its topline for Q3FY26, with revenue from operations increasing by 19.71% to ₹150.87 crore, compared to ₹126.03 crore in the same quarter last year. This growth was driven by the continuity in the Boron business and improved realisations in the commodity chemicals segment. Commodity prices remained elevated, particularly sulphur, a key raw material, which the company managed to pass through to customers, protecting absolute profitability. However, higher revenue due to elevated commodity prices led to a moderation in margin percentages. For the nine months ended FY26, total income rose by 31.87% to ₹404.81 crore from ₹306.98 crore in the corresponding period of FY25. Total operating expenses saw a significant increase of 35.64% to ₹358.34 crore for 9MFY26. Bimal Goculdas, Managing Director and CEO, highlighted the resumption of Boron operations as a key positive development. At its present scale, the Boron business has the potential to generate annual revenues in the range of ₹125 to ₹150 crore, offering meaningful diversification. The company has also focused on reducing geographic concentration, gaining traction in Latin American markets to mitigate subdued demand in Europe. On the legal front, the company is progressing through the administrative process for the formal transfer of land rights following a favourable outcome in a land case. In terms of sustainability, the solar power project at Roha, along with waste heat recovery and cogeneration facilities, now contributes over 80% of the company's energy requirements, enhancing cost efficiency and environmental performance. DMCC remains cautiously optimistic about gradual improvement in business performance over the coming periods, supported by its asset base, operational resilience, and expanding market footprint, despite challenging operating conditions in commodity and speciality chemicals.
