Dhabriya Polywood Q1 FY27: Margin Expansion and Strong Order Book Visibility

Revenue from operations was INR 68.31 crore, EBITDA was INR 15.76 crore and PAT was INR 8.86 crore on a consolidated basis, as presented in the earnings presentation for the quarter ended June 30, 2026.

Gross margin increased to 52.3% from 49.6%, EBITDA margin increased to 23.1% from 19.9%, and PAT margin increased to 13.0% from 10.5% (consolidated).

Management stated the uPVC/PVC business grew 20% YoY and contributed 89% of turnover in Q1 FY27, and that segment margins crossed 20%.

Management stated the project business order book was at an all-time high of more than INR 200 crore as of the presentation date.

Management stated WPC doors and wall and ceiling panels are moving into commercialisation in Q2 FY27, and that the Aluminium Windows and Façade business is progressing towards becoming a meaningful growth contributor.

The presentation reports ROCE of 18.9% in FY24, 20.4% in FY25 and 25.7% in FY26, and ROE of 18.6% in FY24, 19.8% in FY25 and 26.3% in FY26.

The FY26 cash flow statement shows net cash from operating activities of INR 8.18 crore, with a working capital outflow of INR 40.34 crore (all figures as presented, consolidated).