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DCM Shriram Industries net profit falls 38.3% to Rs 15.6 cr in Dec quarter

DCM Shriram Industries on Friday posted a 38.31 per cent decline in consolidated net profit to Rs 15.65 crore for the December 2020 quarter.

DCM Shriram Industries | Q3 results

Press Trust of India  |  Mumbai 

DCM Shriram factory | Photo: Company website
DCM Shriram factory | Photo: Company website

on Friday posted a 38.31 per cent decline in consolidated net profit to Rs 15.65 crore for the December 2020 quarter.

Its consolidated net profit during the corresponding quarter of the previous fiscal had stood at Rs 25.37 crore, DCM Shriram said in a BSE filing.

Consolidated revenue from operations during October-December 2020 dipped 9.50 per cent to Rs 491.08 crore, compared with Rs 542.64 crore in the year-ago period.

Shares of the company on Friday closed at Rs 199.55 apiece, up 0.15 per cent on the BSE.

The company is into the business of sugar, alcohol, fine chemicals and rayon.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Fri, February 12 2021. 20:31 IST