DCM Shriram Ltd Q2FY22 consolidated PAT marginally higher at Rs. 157.87 crore

DCM Shriram Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 2198.61 crores during the period ended September 30, 2021 as compared to Rs. 2025.11 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 157.87 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 157.50 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 10.16 for the period ended September 30, 2021 as compared to Rs. 10.12 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 2198.61 crs	₹2025.11 crs	8.57%
Net Profit	₹157.87 crs	₹157.50 crs	0.23%
EPS	₹10.16	₹10.12	0.40%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 2198.61 crores during the period ended September 30, 2021 as compared to Rs.2064.61 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.157.87 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.118.37 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.10.16 for the period ended September 30, 2021 as compared to Rs.7.63 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 2198.61 crs	₹2064.61 crs	6.49%
Net Profit	₹157.87 crs	₹118.37 crs	33.37%
EPS	₹10.16	₹7.63	33.16%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.4223.72 crores during the 6 Months period ended September 30, 2021 as compared to Rs.4003.05 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.315.37 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.188.47 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.20.29 for the 6 Months period ended September 30, 2021 as compared to Rs.12.06 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹4223.72 crs	₹4003.05 crs	5.51%
Net Profit	₹315.37 crs	₹188.47 crs	67.33%
EPS	₹20.29	₹12.06	68.24%

Commenting on the performance for the quarter and period ending September 2021, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: "We are glad to report a good overall performance during the quarter. The businesses environment remains disruptive despite relative normalization of Covid-19 during the quarter, given the global supply chain constraints led by climate induced factors, geo-political reasons and Covid-19.

Our Chloro-vinyl businesses have performed better given the improved demand as well as price scenario. However with global increase in energy prices as well as other key inputs, the cost pressures are high. There is significant uncertainty on inputs costs although we are having adequate supplies to ensure continuity of operations. We expect that higher product prices will support the increase in costs.

Our Sugar business is operating in a favorable operating environment which is good for the farmers as well as the industry. Although the SAP for Sugarcane has been revised upwards, we hope that product prices will support the increase in SAP. Higher international prices of Sugar augur well for the business.

For Our Agri Input business of Shriram Farm Solutions and Bioseed this is a limited season.

Our Investment projects of around Rs. 2,500 crs across businesses are under progress. 2nd wave of Covid-19 as well as extensive rains have impacted some of the project milestones, however we expect to commission the projects as per plan.

Given the health of our balance sheet and operating cash-flow, we will look forward to more growth avenues and enhance our scale, integration, value addition and cost positioning."

Shares of DCM Shriram Limited was last trading in BSE at Rs. 1193.40 as compared to the previous close of Rs. 1189.60. The total number of shares traded during the day was 4357 in over 752 trades.

The stock hit an intraday high of Rs. 1232.45 and intraday low of 1166.95. The net turnover during the day was Rs. 5219464.00.

Source : Equity Bulls

Keywords

DCMShriram Q2FY22 H1FY22 ResultUpdate