DCM Shriram Q3 Results: PAT rises 9% YoY to Rs 262.14 crore, Revenue grows 12% YoY

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):

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  • 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.