DCM Shriram Consolidated spurts on turnaround Q3 show

DCM Shriram Consolidated declared the Q3 December 2012 result after market hours on Friday, 1 February 2013.

Meanwhile, the BSE Sensex was up 81.53 points, or 0.41% to 19,866.31

On BSE, 48,214 shares were traded in the counter as against an average daily volume of 17,245 shares in the past one quarter.

The stock hit a high of Rs 73.40 and a low of Rs 67.15 so far during the day. The stock had hit a 52-week high of Rs 86.40 on 25 October 2012 and a 52-week low of Rs 39.40 on 18 May 2012.

The stock had underperformed the market over the past one month till 1 February 2013, falling 4.98% compared with the Sensex's 1.02% rise. The scrip also underperformed the market in past one quarter, declining 10.91% as against Sensex's 6.57% rise.

 

The small-cap company has an equity capital of Rs 33.18 crore. Face value per share is Rs 2.

On a consolidated basis, DCM Shriram Consolidated reported 4.5% fall in net sales to Rs 1337.06 crore in Q3 December 2012 over Q3 December 2011.

The company attributed strong Q3 results to better margins in chloro-vinyl business, higher margins in sale of sugar stock of previous season and reduction in Hariyali's losses consequent to restructuring and rationalization of its operations. Farm Solutions, Bioseed, Sugar and Chloro-Vinyl businesses were key drivers of revenues during Q3 December 2012.

DCM Shriram Consolidated's board of directors at its meeting held on Friday, 1 February 2013 has declared an interim dividend of Re 0.80 per share.

DCM Shriram Consolidated is an integrated business entity, with presence across the entire Agri-rural value chain and Chloro-Vinyl industry.

Powered by Capital Market - Live News