Chemicals and agro business company, DCM Shriram on Friday said its net profit in fiscal 2014-15 decreased by 13 percent at Rs.210.8 crore against Rs. 242.4 crore during 2013-14.
Net revenues for the firm were lower by 8.8 percent at Rs.5,639.2 crore during the period under review against Rs. 6182 during 2013-14.
The company attributed the financial performance for 2014-15 to "lower sales of sugar and bulk fertilisers".
In a financial report, the company said: "Overall performance of Bioseed improved with robust performance of BT cotton in Kharif (during) 2014 in India".
The PBDIT (profit before depreciation, interest, and taxes) of the company fell sharply by 19.43 percent at Rs.450.3 crore vis-a-vis Rs.558.9 crore during 2013-14.
The company said its net debt as on March 31, 2015 stood at Rs. 688 crore against Rs.683 crore on March 31, 2014.
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