Diversified major DCM Shriram Industries today reported a 49% decline in its net profit at Rs 2.22 crore for the quarter ended June 30, 2012.
The company had reported a net profit of Rs 4.32 crore in the year-ago period, it said in a filing to the BSE.
Net sales of the company rose to Rs 253.49 crore in the first quarter of the current fiscal as against Rs 220.71 crore in the same quarter of the 2011-12 fiscal.
DCM Shriram Industries' total expenditure rose to Rs 244.17 crore in the April-June period of 2012-12 fiscal from Rs 213.39 crore in the same period of the previous fiscal.
The company is a diversified business group with operations in sugar, alcohol, organic and inorganic chemicals, drug intermediates, rayon tyrecord, shipping containers and processed cotton yarn.
Shares of the company today fell by 6.28% to settle at Rs 42.55 apiece from their previous close at the BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app