DCM Shriram

DCM Shriram Ltd, which is into chemicals, sugar, bioseed and fertiliser businesses, on Friday reported a marginal decline in its December quarter consolidated net profit to Rs 342.09 crore. Its net profit stood at Rs 349.57 crore in the year-ago period. Total income rose 21 per cent to Rs 3,417.06 crore during October-December quarter of this fiscal from Rs 2,815.95 crore in the corresponding period of the previous year. During the April-December period of 2022-23 financial year, the net profit rose to Rs 724.17 crore from Rs 664.94 crore a year ago. Total income rose to Rs 9,324.75 crore in the first nine months of the current fiscal from Rs 7,039.67 crore in the corresponding period of the previous year. Ajay Shriram, Chairman & Senior Managing Director, said the company has reported another consistent quarter of robust performance with positive/stable outlook across all the businesses. "The operating environment is very challenging globally. Russia-Ukraine conflict does not ..

DCM Shriram Industries is focusing on developing and manufacturing versatile drones that will be used not just in the defence sector but across the board, its Joint President Rudra Shriram has said. The company is engaged in the businesses of sugar, chemicals and industrial fibre and has a turnover of around Rs 8,000 crore. It had last year invested USD 1 million (about Rs 7 crore) to purchase 30 per cent stake in Turkish drone company Zyrone Dynamics. "Luckily, we entered the (drone) market at the correct time and we have products ready of the market," Shriram told PTI in an interview. He said the idea is to manufacture drones completely in India. "The idea is to Make in India. Even for them (Zyrone), it is expensive to manufacture there. So, they can concentrate on technology development and we can concentrate on manufacturing at scale," he noted. He said DCM Shriram has a research and development (R&D) facility in Delhi and it has licences to manufacture defence drones across .

The company's profit after tax (PAT) stood at Rs 231.24 crore during the corresponding period of 2020-21

On June 29, 2021, rating agency ICRA had upgraded term loan and fund based facilities of DCM Shriram to ICRA AA+ from ICRA AA with a stable outlook

The management said the company has witnessed a sequential improvement in its quarterly performance as the challenges posed by Covid-19 reduced

Expenses also remained higher at Rs 1,910.48 crore, compared with Rs 1,636.95 crore a year ago.

The captive power plant will be funded through the company's internal cash flows, according to IFC, the World Bank's investment arm

Torrent said a pledge of shares is a security interest in favour of lenders and can be enforced by sale of such shares in event of default

Diversified firm DCM Shriram has commissioned 200 kilo litres per day distillery capacity in its sugar plant at Ajbapur, Uttar Pradesh. Now, the total capacity of the distillery business stands at 350 kilo litres per day. It had earlier commissioned a distillery in 2017-18 at Hariawan with 150 kilo litres per day capacity. The move is in line with the firm's earlier commitment of commissioning the distillery capacity in phases over 18 months to provide stability to the sugar business, the company said, adding it has invested Rs 300 crore in the expansion. "The expansion and upgradation is part of our vision to make the sugar business more robust and thereby providing full integration on molasses. We expect that this expansion will further strengthen the return profile of the sugar business," Ajay S Shriram, Chairman & Sr MD and Vikram S Shriram, Vice Chairman & MD, said. DCM has sugar production units in Ajbapur, Rupapur, Hariawan and Loni in Uttar Pradesh with a combined ...

Net revenue from operations rose 21 per cent to Rs 1,888 crore from Rs 1,566 crore in the year-ago period

The company proposes to expand sugar capacity and ramp up co-generation plant and distillery unit in UP

The company is likely to produce 70-75 lakh quintal of sweetener in 2018-19 marketing year

DCM Shriram posted a 6 per cent decline in consolidated net profit at Rs 2.18 billion for the first quarter of this fiscal due to losses in the sugar business

The stock was up 7% to Rs 290 on the BSE in intra-day trade after the company announced that board will meet on Monday, June 18, to consider share buyback proposal.

The stock plunged 13% to Rs 380 on the BSE after the company reported 68% year-on-year dropped in net profit at Rs 510 million in March quarter.

The stock price of DCM Shriram has rallied more than 180% since April last year

DCM Shriram is engaged in sugar, fertiliser, seeds, chloro vinyl, and cement businesses among others

Net revenue of the company declined by over 19% to Rs 1,442 crore for April-June quarter of FY17

The stock rallied 12% to Rs 186 after the company posted profit of Rs 51 crore in Q4FY16 against loss of Rs 40 crore.

The company has posted a turnaround with its net profit of Rs 51 crore for the quarter ended March 31, 2016.