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DCM Shriram
DCM Shriram Ltd has reported a 2.5-fold jump in its consolidated net profit to Rs 158.72 crore for the second quarter of this fiscal. Its net profit stood at Rs 62.92 crore in the year-ago period. DCM Shriram Ltd is involved in diversified businesses across chemicals, vinyl, agriculture, and building materials. The total income rose to Rs 3,531.26 crore during the July-September period of 2025-26 from Rs 3,183.98 crore in the corresponding period of the preceding year, according to a regulatory filing on Tuesday. The revenue of the chemicals and vinyl verticals grew to Rs 1,108.40 crore from Rs 777.36 crore. During the last fiscal year, DCM Shriram had posted a net profit of Rs 604.27 crore on a total income of Rs 12,883.46 crore.
DCM Shriram group firm Fenesta, which is into uPVC and aluminium windows and doors, has acquired 53 per cent equity stake in DNV Global for Rs 44 crore to expand its business. The deal is expected to be completed in next 2 months. The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware). "This strategic investment marks a significant step in Fenesta's vision to enhance customer experience, deepen vertical integration, enhance product reliability, achieve accelerated growth in scale and unlock operational synergies across its supply chain," DCM Shriram said in a statement on Sunday. The total acquisition cost is Rs 44 crore, which includes Rs 31 crore by subscribing to fresh equity share capital of DNV Global and Rs 13 crore by purchase of equity shares from the existing promoters/shareholders. Saket Jain, Business Head, Fenesta Building Systems, said, "The acquisition ...is a natural extension of our long-ter
DCM Shriram Ltd on Monday reported a 52 per cent increase in its consolidated net profit to Rs 178.91 crore for the quarter ended March on higher income. Its net profit stood at Rs 117.80 crore in the year-ago period. Total income rose to Rs 3,040.60 crore in the January-March period of the last fiscal from Rs 2,555.23 crore in the corresponding period of the preceding year. During the 2024-25 fiscal, the company's net profit increased to Rs 604.27 crore from Rs 447.10 crore in the preceding year. Total income rose to Rs 12,883.46 crore in the last fiscal year from Rs 11,529.83 crore in 2023-24. DCM Shriram is into chemical, sugar, farm solutions and fertilizer businesses among others.
DCM Shriram Ltd reported a 95.16 per cent increase in consolidated net profit at Rs 62.92 crore in the second quarter of fiscal 2024-25, compared to Rs 32.24 crore in the same period a year earlier. In a regulatory filing, the company said its total income rose 11.81 per cent to Rs 3,183.98 crore in Q2 FY25 from Rs 2,847.42 crore in the year-ago quarter. Expenses increased 10.29 per cent to Rs 3,088.21 crore. The company's board approved an equity investment of up to Rs 60 crore for up to 28 per cent stake in one or more SPVs to set up a 68 MW wind-solar hybrid renewable power project. It approved a capex (capital expenditure) of Rs 23 crore for the renewable power project in Kota, Rajasthan. The board approved a capex of Rs 310 crore to set up a 100 TPD aluminium chloride facility and a 225 TPD granulated calcium chloride facility at Jhagadia, Bharuch. That apart, it approved a capex of Rs 149 crore for an aluminium extrusion and surface finish project at Kota. The company is a
DCM Shriram Ltd on Wednesday said it has secured Rs 100 crore sustainable finance from the Standard Chartered Bank to fund the upcoming compressed bio-gas plant in Uttar Pradesh. The compressed bio-gas plant with 12 tonne per day capacity at the Ajbapur Sugar Unit will produce compressed bio-gas using 'pressmud' as feed stock, a waste generated in the sugar manufacturing process, the company said in a statement. DCM Executive Director and Group CFO Amit Agarwal said this is the company's second sustainable finance transaction in the last six months. Standard Chartered Bank Executive Director (Sustainable Finance) Shobana Chawla said sustainable financing continues to be one of the strategic priorities at the bank. "We have been assisting our clients transition to net zero, and at a group level have committed to mobilise USD 300 billion in sustainable finance by 2030. This facility to DCM Shriram is one such initiative," she added. DCM Shriram is in the diversified business of ...
DCM Shriram, which has a presence in sugar, fertiliser and chemical businesses, has raised a Sustainability Linked Loan (SLL) of Rs 200 crore from HSBC India to fund its capex plan in Gujarat. This strategic financial move is aimed at supporting the company's ongoing capital expenditure programme in Bharuch, Gujarat, it said in a statement. "This is our first Sustainability Linked Loan obtained from HSBC India, marking our unwavering dedication to our Environmental, Social, and Governance (ESG) objectives," Amit Agarwal, Executive Director & Group CFO of DCM Shriram Ltd, said. "We have embarked on projects worth approximately Rs 3,500 crore, predominantly within our sugar and chemical divisions. Notably, projects in our sugar business have already been commissioned, while those in the chemicals business are nearing completion," he said. Ajay Sharma, Head-Commercial Banking at HSBC India, said it is committed to providing financing to support and incentivise the transition to a ...