DCW Limited, a specialty chemicals company headquartered in Mumbai, declared Q3 FY23 revenue of Rs. 579.23 crore, down 11.6% and net profit after tax (PAT) of Rs. 48.2 crore, up 80.7%.  The company reported strong growth in profitability for Q3 & 9M FY23. EBITDA margins for Q3 FY23 grew by 440 bps YoY to 18.2%. Specialty chemicals continue to deliver stability in earnings, with EBITDA growing by 35% YoY for 9M FY23. Commodity chemicals also aided the Company’s growth momentum in 9M FY23, with EBITDA growing by 57.5% YoY.  Both the Caustic Soda & Soda Ash segments reported impressive revenue growth of 59% and 95% YoY for 9M FY23. The company’s strategy of substituting high-cost debt with low-cost has started yielding desired benefits; as a result, interest costs have seen a significant reduction of 29% YoY in Q3 FY23. This has given an additional fillip to the company’s growth momentum. The company envisages a further significant redu...

Sealmatic India Limited achieved a significant milestone, with its recent certification of ASME U Stamp for Pressure Vessels with certification number: 61258. The ASME Boiler & Pressure Vessel Code (BPVC) is an American Society of Mechanical Engineers (ASME) standard that regulates the design and construction of boilers and pressure vessels. The ASME U Stamp serves as a hallmark of quality and compliance within the industry. This certification signifies that Sealmatic has met the rigorous quality control requirements delineated in Section VIII Division 1 of the ASME (BPVC). It authorizes Sealmatic to use the U Stamp on pressure vessels, indicating compliance with the Code and ensuring that the vessels meet the specified safety and quality standards. The ASME U Stamp is particularly important for Sealmatic as it not only signifies the company’s capability to design but also to inspect, fabricate, and test unfired pressure vessels. Thorough inspections and audits were conducte...