Companies

DCM Shriram Q1 profit up 55%

Our Bureau New Delhi | Updated on July 29, 2014 Published on July 29, 2014




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.

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Published on July 29, 2014
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