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DCM Shriram Consolidated Ltd (DSCL) has reported a profit after tax (PAT) of Rs 28.6 crore for the quarter ended March 31, 2011, marking an 87.1 per cent jump over the Rs 15.3 crore for the same quarter of 2009-10. Net sales have also correspondingly risen by 23.2 per cent to Rs 1,106.9 crore from Rs 898.6 crore.
However, for the entire fiscal ended March 31, 2011, the company has declared a net loss of Rs 14.3 crore, as against a PAT of Rs 84.3 crore during 2009-10, even as net sales have registered a 17.1 per cent increase to Rs 4,151.9 crore (Rs 3,546.8 crore).
The net loss reported by the company for 2010-11 has been mainly on account of its Hariyali Kisaan Bazaar retail business (a profit before interest and tax or PBIT of minus Rs 83.1 crore, against minus Rs 81.2 crore in 2009-10) and sugar (PBIT of minus Rs 7.1 crore, against Rs 42.5 crore in the previous fiscal).
On the other hand, DSCL's Bioseed and farm solutions segments have recorded higher PBIT of Rs 41.4 crore and Rs 37.8 crore, respectively (compared with their corresponding 2009-10 levels of Rs 16.7 crore and Rs 28.4 crore).
There has been a drop in the PBIT for fertilisers (from Rs 44.6 crore to Rs 29.2 crore), chloro-vinyl (Rs 175.2 crore to Rs 90 crore) and cement (Rs 37.2 crore to Rs 16.4 crore).
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