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DCM Shriram Ltd Q3 PAT jumps to Rs. 212.86 crores

Posted On: 2018-01-20 07:39:48

DCM SHRIRAM CONSOLIDATED LTD. has reported financial results for the period ended December 31, 2017.

The company has reported net sales of Rs.1801.15 crores during the period ended December 31, 2017 as compared to Rs.1459.88 crores during the period ended December 31, 2016.

The company has posted net profit of Rs.212.86 crores for the period ended December 31, 2017 as against Rs.136.41 crores for the period ended December 31, 2016.

The company has reported EPS of Rs.13.14 for the period ended December 31, 2017 as compared to Rs.8.41 for the period ended December 31, 2016.

The company has reported net sales of Rs.5486.71 crores during the 9 months period ended December 31, 2017 as compared to Rs.4441 crores during the 9 months period ended December 31, 2016.

The company has posted net profit of Rs.618.66 crores for the 9 months period ended December 31, 2017 as against Rs.394.57 crores for the 9 months period ended December 31, 2016.

The company has reported EPS of Rs.38.10 for the 9 months period ended December 31, 2017 as compared to Rs.24.34 for the 9 months period ended December 31, 2016.

Commenting on the performance for the quarter, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: "We are happy to report a healthy performance for the quarter, led by significant volume growth in our Chemicals, Plastics, and Sugar businesses and better operational performance across all our business verticals.

The volumes at the Company's Chlor-alkali plant at Bharuch increased significantly as a result of the capacity expansion project, which was commissioned last year. We are pleased to share that the plant has attained 100% capacity utilization levels and we expect to sustain it at these levels.

Sugar is experiencing difficult price situation. However, higher volumes for Sugar & power and commissioning of distillery by Jan.'18 will partly mitigate the adverse effects of low prices. The industry continues to work with the government for a sustainable policy framework.

Overall, we continue to work towards sustained growth and strengthening competitiveness across all our businesses. With our healthy Balance Sheet and strategic growth initiatives, we are confident of delivering satisfactory growth over medium term".

Shares of DCM SHRIRAM CONSOLIDATED LTD. was last trading in BSE at Rs.570.15 as compared to the previous close of Rs. 566.15. The total number of shares traded during the day was 12279 in over 1399 trades.

The stock hit an intraday high of Rs. 575 and intraday low of 562. The net turnover during the day was Rs. 6988031.


Source: Equity Bulls

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