DCM Shriram surges 12% on strong March quarter results

The company reported a consolidated net profit of Rs 293 crore in March quarter against a profit of Rs 51 crore in the year-ago period.

Shares of DCM Shriram surged 12 per cent to Rs 485 on the BSE on Thursday after the company reported a six-fold jump in the consolidated net profit at Rs 293 crore in March quarter of FY19. It had posted profit of Rs 51 crore during the same quarter last year.

Operational revenue during the quarter under review rose to Rs 1,888 crore, up 21 per cent from Rs 1,566 crore, on quarterly basis. The company’s PBDIT (profit before depreciation, interest and tax) grew five-times at Rs 439 crore from Rs 95 crore.

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