Financial Performance

Consolidated Figures (₹ in Crore):

  • Revenue from Operations: ₹68.31 in Q1 FY27 vs. ₹62.09 in Q1 FY26, a 10.0% year-on-year (YoY) increase.
  • EBITDA: ₹15.76 in Q1 FY27 vs. ₹12.36 in Q1 FY26, a 27.6% YoY increase.
  • EBITDA Margin: 23.07% in Q1 FY27 vs. 19.90% in Q1 FY26, an expansion of 317 basis points.
  • Profit Before Tax (PBT): ₹11.90 in Q1 FY27 vs. ₹8.84 in Q1 FY26, a 34.5% YoY increase.
  • Profit After Tax (PAT): ₹8.86 in Q1 FY27 vs. ₹6.54 in Q1 FY26, a 35.4% YoY increase.
  • PAT Margin: 12.97% in Q1 FY27 vs. 10.53% in Q1 FY26, an expansion of 243 basis points.
  • Earnings Per Share (EPS): ₹8.18 (not annualized) in Q1 FY27 vs. ₹6.04 in Q1 FY26.

The results represent the company's highest-ever quarterly EBITDA, PAT, and EPS.

Segment-Wise Performance (₹ in Crore)

  • uPVC/PVC Products (Profiles, Sheets, Mouldings, Windows, Doors): Revenue of ₹61.07 in Q1 FY27 vs. ₹50.89 in Q1 FY26, a 20.0% YoY growth. This segment now accounts for 89.2% of gross turnover (vs. 81.5% in Q1 FY26). Segment profit was ₹12.48 crore, with a segment margin of 20.43% (vs. 17.92% in Q1 FY26).
  • Modular Furniture: Revenue of ₹7.41 crore in Q1 FY27, accounting for 10.8% of turnover.
  • Total Segment Profit before Interest & Tax: ₹13.31 crore, a 30.8% YoY increase.

Key Ratios

  • Interest Coverage (EBIT / Finance Cost): 9.24x in Q1 FY27 vs. 7.33x in Q1 FY26.
  • Effective Tax Rate: 25.54% in Q1 FY27 vs. 26.06% in Q1 FY26.
  • Credit Rating: CRISIL upgraded the company's ₹35 crore bank facilities to 'BBB+/Stable' from 'BBB/Stable' in July 2026.

Strategic and Operational Highlights

  • Order Book: The company holds an all-time high order book of ₹200+ crore as of the date of the announcement (12 August 2026) in its project-related business.
  • Recent Order Wins: Includes an ₹18.59 crore aluminium doors & windows order (July 2026), a ₹15.17 crore aluminium order (June 2026), and a ₹13.05 crore modular kitchen order at subsidiary Dynasty Modular Furniture.
  • New Product Launches: WPC doors and wall & ceiling panels are scheduled to launch commercially in Q2 FY27. The aluminium windows and façade division is expected to become a meaningful contributor.
  • Capital Expenditure: The Board has approved a ₹100 crore multi-year capital expenditure programme spanning FY26 to FY28. It covers modernization and expansion of extrusion capacity, new WPC doors and panel lines, and an aluminium windows and façade facility in Jaipur.

Management Commentary

Mr. Digvijay Dhabriya, Promoter, Chairman & Managing Director, stated that Q1 FY27 set the right tone for the year. He attributed the margin expansion to an improved product mix, premiumisation, and operating efficiencies. Management expects PAT to grow at a 30% CAGR over the medium term, supported by revenue growth, improving product mix, operating leverage, and contributions from newer product categories.

Corporate Overview

Dhabriya Polywood Limited, incorporated in 1992, is a manufacturer of interior building-material solutions. Its portfolio includes uPVC/PVC profiles, windows, doors, panels, WPC products, SPC flooring, and modular furniture. The group operates six manufacturing units across Jaipur, Bengaluru, and Coimbatore with 27,600 MTPA of extrusion capacity and is supported by a pan-India network of 800+ channel partners.

Disclaimer

The financial figures for Q1 FY27 are un-audited and have been subjected to a limited review by the statutory auditors. They were approved by the Board of Directors on 12 August 2026. The press release contains forward-looking statements subject to risks and uncertainties.