
DCM Shriram Limited has reported robust financial performance for the quarter ended December 31, 2024, with notable growth in both revenue and profit despite challenging market conditions.
Key Financial Highlights (₹ in Crores):
- Revenue from Operations: ₹3,518.89 crore
- Up 12.1% YoY (₹3,137.54 crore in Q3 FY24)
- Up 12.4% QoQ (₹3,130.09 crore in Q2 FY25)
- Total Income: ₹3,559.98 crore
- Up 12.2% YoY (₹3,172.65 crore in Q3 FY24)
- Profit Before Tax (PBT): ₹385.52 crore
- Down 1.1% YoY (₹388.77 crore in Q3 FY24)
- Up 302% QoQ (₹95.77 crore in Q2 FY25)
- Net Profit (PAT): ₹262.14 crore
- Up 9% YoY (₹240.48 crore in Q3 FY24)
- Up significantly QoQ (₹62.92 crore in Q2 FY25)
Management Commentary:
In a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, highlighted the company’s performance amidst global economic uncertainties. Key points from their message include:
- Economic Landscape: Global economic growth for 2025 is projected to be modest, with geopolitical and inflationary challenges. In India, GDP growth is forecasted at 6.5% in FY26.
- Chemicals Segment: Increased demand and the commissioning of projects like H2O2 and aluminum chloride at Bharuch enhanced profitability. Upcoming chlorine downstream projects are expected to strengthen utilization further.
- Sugar Business: Facing margin pressures due to rising production costs; the industry is lobbying for higher export allowances and MSP for sugar.
- Ethanol and Bio-Energy: Positive outlook with the Loni capacity expansion online and a CBG project set to launch next quarter.
- Fenesta Business: Continued growth with a focus on developing new revenue platforms, including hardware.
- Farm Solutions: New product launches have been well-received, driving the segment’s growth.
Disclaimer: The above information is for informational purposes only and does not constitute financial advice. Please consult a professional advisor for investment decisions.