DCM Shriram Ltd has reported a 55 per cent increase in net profit for the fiscal 2014-15 first quarter on account of better earnings from its chloro-vinyl products and volume growth in bio-seed products.
Net profit for the quarter stood at ₹177 crore compared with ₹114 crore in the same quarter last year.
Net revenues increased 9 per cent to ₹1,704 crore ( ₹1,561 crore). “All segments except sugar have reported improved performance with higher profits. We have taken up a project to augment power co-generation capacity in sugar at an investment of ₹125 crore,” Ajay Shriram, Chairman and Senior MD, and Vikram Shriram, Vice-Chairman and MD, said in a joint statement.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.