Dhabriya Polywood Ltd (DHABRIYA) — concall transcript | 31 March 2026

Dhabriya Polywood reported consolidated revenue of ₹264 crores (12.5% YoY growth), EBITDA of ₹54.59 crores (45.6% growth) and PAT of ₹30.14 crores (67.2% growth), with EBITDA margin expanding to 20.6% and PAT margin to 11.4%. The company highlighted a record INR174 crores order book, including INR56 crores for its new aluminum windows and facade division, and plans to deploy INR27 crores of capex in FY26 for capacity expansion in PVC/WPC extrusion, aluminum glazing, and automation, targeting 30% CAGR and INR450+ crores revenue by FY28 at 85% utilization. Margins are expected to sustain above 20% EBITDA. Short-term revenue shortfall stemmed from delayed project supply in Maharashtra and Delhi NCR, addressed through expanded builder partnerships and order book diversification.