DSCL's Q2 PAT up 96% at Rs 13.93 crore

Integrated business group DCM Shriram Consolidated Ltd (DSCL) reported a jump of 95.65 per cent in its profit after tax (PAT) for the second quarter at Rs 13.93 crore.

The group had a PAT of Rs 7.12 crore during the same quarter of last fiscal, DCM Shriram Consolidated Ltd (DSCL) said in a statement.

Its total sales, however, declined by 13.93 per cent at Rs 830.67 crore during the quarter ended September 30, as against Rs 965.16 crore during Q2 of 2008-09.

The group said shifting to natural gas from naphtha as fuel in making fertiliser, higher power sales from its Kota plant, decline in production of chloro-vinyl products, for the fall in revenue.

"Our revenue was less by about Rs 200 crore due to the change in feedstock in fertilizer division from high cost naptha to natural gas under long term arrangement," DSCL Vice -Chairman and Managing Director Vikram Sriram told PTI.

Besides, the shutdown of its fertiliser business for maintenance related work during the Q2 and shutdown in cement and power plants at Kota contributed to the decline, he added.

The group's PAT during the first half of the fiscal jumped by more than two-fold to Rs 35.17 crore, from Rs 11.99 crore during the first half of last fiscal.

DSM Consolidated has a presence in a number of sectors including chloro-vinyl, sugar, fertiliser and retail. It had a turnover of Rs 3,534 crore in 2008-09.