DCM Shriram Q1 Results: Profit jumps 13% to Rs 114 cr, revenue rises to Rs 3,477 cr
has reported a 13 per cent increase in consolidated net profit at Rs 113.82 crore for the quarter ended June on higher revenue.
Its net profit stood at Rs 100.30 crore in the year-ago period.
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Total income rose to Rs 3,477.4 crore in April-June quarter of this fiscal, from Rs 3,098.90 crore in the corresponding period of the preceding year, according to a regulatory filing on Monday.
Gurugram-based DCM Shriram
is into fertilisers, sugar, ethanol, chemicals, bioseeds and Fenesta building systems, among others.
The company informed that there has been a one-time negative impact of about Rs 36 crore due to retrospective levy of duty on ethanol exported outside the state of Uttar Pradesh.
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"Sugar and Ethanol business is stable but facing margin pressures. Lower than expected stock levels should fundamentally support prices of sugar," said Ajay Shriram, Chairman & Senior MD, and Vikram Shriram, Vice Chairman & MD, DCM Shriram.
They termed the recent retrospective levy of export fee from 2018 on ethanol sold outside the state of UP as "a regressive step by the state government".
Ajay and Vikram Shriram called for a comprehensive review and reform of the sugar policy framework in order to ensure financial viability for farmers and mills.
"
Global caustic soda supply chain
is disrupted owing to tariff related headwinds and geo-political conflicts, keeping international prices range bound. The business witnessed volume led growth with improved margins," they said.
DCM Shriram said it has accelerated its entry into advanced materials through its proposed acquisition of 100 per cent stake in Hindusthan Specialty Chemicals Ltd.
During the last 2024-25 fiscal, the company had posted a net profit of Rs 604.27 crore on a total income of Rs 12,883.46 crore. PTI
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