DCM Shriram reported 15.1% rise in consolidated net profit to Rs 231.72 crore on 16.7% increase in net sales to Rs 2174.92 crore in Q4 FY21 over Q4 FY20.
Vinyl business revenues climbed 109% at Rs 272 crore, driven by PVC prices up 70% and carbide prices up 59%. Overall sugar revenues up 22% YoY at Rs 1,021 crore while chemicals business revenues remained flat at Rs 355 crore in Q4 FY21. Fenesta business revenues were up 40% YoY at Rs 118 crore led by both retail and projects segment. Retail order booking was up 54% YoY. Fertilizers revenues, however, declined by 28.3% to Rs 215 crore in Q4 FY21 from Rs 300 crore in Q4 FY20.
DCM Shriram share declines 4% post Q4 earnings
Vinyl Business revenues were up 109 per cent at Rs 272 crore, driven by PVC prices, up 70 per cent and carbide prices, up 59 per cent
BusinessToday.In | May 5, 2021 | Updated 18:17 IST
Representative Image
The share price of DCM Shriram fell 4 per cent today after the company reported earnings for the quarter ended March 2021. The stock hit an intraday low of Rs 696.70 and an intraday high of Rs 730.
The company reported a 15 per cent rise in net profit to Rs 232 crore for Q4 FY21 compared to Rs 201 crore in the corresponding quarter of the previous year.
Revenue from operations increased 14 per cent to Rs 2,191 crore for the quarter ended March 2021, compared to Rs.1,917 crore for the corresponding quarter of the previous year.
February 02, 2021
Companies welcome AIF to APMCs as an opportunity to strengthen themselves
The Budget laid down clear direction of Government’s strategic priority to focus on building post-harvest infrastructure in the agriculture value-chain.
National Bulk Handling Corporation Ltd (NBHC) sees the budget initiatives to help build long term competitiveness for the industry and short term boost to employment and consumption impacted by Covid-19.
Ramesh Doraiswami, Managing Director and Chief Executive Officer, NBHC, said, “We are encouraged to see the strategic priority of the Government of India in building post-harvest agriculture infrastructure. We hope that the funds collected by the government under the proposed Agriculture Infrastructure & Development Cess (AIDC) will be spent on supporting the creation of not only good quality infrastructure but also encourage scientific warehousing & quality management practices for agricultural commodities.”
Updated Feb 01, 2021 | 20:51 IST
Netafim India MD Randhir Chauhan welcomed the government s decision to double the allocation to the Micro Irrigation Fund (MIF) under NABARD to Rs 10,000 cr. Budget 2021: Agri cos cheer higher allocation to farm sector | Photo Credit: ANI
New Delhi: Agri and food companies on Monday hailed the decision to hike farm credit target and increase allocation for the agriculture ministry in the Budget, saying this will help in boosting farmers income and overall growth of the sector. Asserting that the government is committed towards farmers welfare, Finance Minister Nirmala Sitharaman on Monday proposed 10 per cent hike in the farm loan disbursal target to Rs 16.5 lakh crore, and introduced an agri infra and development cess of up to 100 per cent to create post-harvest infrastructure for improving farmers income.
The government should provide additional funds as well as incentives in the upcoming Budget to promote indigenous farm research, oilseeds production, food processing and organic farming for the overall growth of the agriculture sector, according to industry experts. The direct benefit transfer (DBT) scheme should be utilised more to support farmers instead of giving subsidies, they added. Food processing industry has played an important role in better price realisation for the farmer and reducing the cost of intermediaries. The budget must provide special incentives to food processing through incentives such as interest subvention, lower taxes, access to technology and so on, DCM Shriram Chairman and Senior MD Ajay Shriram said.