DCM Shriram Q1 profit rises 13 pc to Rs 114 cr, revenue increases to Rs 3,477 cr
PTI
Last Updated:
New Delhi, Jul 22 (PTI) DCM Shriram Ltd 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.
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.
'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 MJH DRR
view comments
First Published:
July 22, 2025, 14:15 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Deccan Herald
21 minutes ago
- Deccan Herald
Auto fares go higher in Bengaluru, drivers refuse to calibrate meters
The base fare has increased from Rs 30 for the first two kilometres to Rs 36, with the per-kilometre rate rising from Rs 16 to Rs 18.
News18
an hour ago
- News18
Trump Tariffs Shake Global Markets Who's Paying the Price? Trump Tariffs Global Markets
Trump's tariff bombshell is sending shockwaves through global marketsIn this CNN Global Markets special, we break down the real-world impact of Donald Trump's sweeping new tariffs. From Brazil to Southeast Asia, industries are scrambling to respond as supply chains get disrupted and costs skyrocket. News18 Mobile App -
Time of India
an hour ago
- Time of India
Deadline for property tax settlement scheme extended to Aug 15
Ludhiana: The local bodies department has extended the deadline for its one-time property tax settlement scheme to August 15, offering relief to defaulters who missed the original cut-off date of July 31. Tired of too many ads? go ad free now The extension comes after a surge in last-minute payments at civic body's suvidha centres across Ludhiana. Under the scheme, launched on May 15, property owners with pending dues from 2013-14 onwards were given a chance to clear their backlog without paying any interest or penalty. Officials said that initial response was slow, but picked up momentum in July. So far, the department has collected Rs 15 crore under the scheme, contributing to Rs 40 crore property tax revenue for the current fiscal year. As per the original policy, dues paid between August 1 and October 31 would attract a 50% waiver on interest and penalties. Now that the deadline has been extended, full waiver benefits will continue till August 15, giving taxpayers a few more days to settle their accounts. MC superintendent Vivek Verma confirmed the extension and urged residents to take advantage of the scheme. "This is a golden opportunity for defaulters to clear their dues without additional financial burden," he said. While the extension benefits taxpayers, it has sparked concern among MC employees, who have been working overtime, including weekends and public holidays, to manage the rush. With Raksha Bandhan falling on Saturday, staff members are considering requesting the MC commissioner to keep suvidha centres closed on holidays. One employee noted that the pressure would continue even after the scheme ended, as the civic body would shift focus to collecting current dues. Taxpayers are eligible for a 10% rebate on current dues until September 30, which means that offices may remain open on weekends for months to come. The department has appealed to residents to cooperate and complete their payments early to avoid last-minute congestion. MSID:: 123043253 413 |
