Companies

DCM Shriram Q1 net climbs 19%

| | Updated on: Jul 26, 2012

DCM Shriram Consolidated Ltd (DSCL) on Thursday reported a net profit of Rs 31 crore for the first quarter ended June 30, 2012, up 19 per cent from Rs 26 crore in the corresponding period last year.

Net revenue of the company also rose 16.5 per cent to Rs 1,427 crore in the first quarter this year from Rs 1,225 crore during April-June quarter last year.

“The growth has been impacted by adverse weather conditions prevalent in major parts of the country. However, we do believe that these businesses in the medium term will continue to deliver healthy growth rates given strong research programme, healthy pipeline of products and increasing geographical presence,” Mr Ajay Shriram, Chairman and Senior Managing Director, said.

ronendrasingh.s@thehindu.co.in

Published on July 26, 2012

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