DCM Shriram Industries Q4 Profit Jumps 23% to Rs 38.64 Crore
May 27, 2024 15:06
DCM Shriram Industries reported a 23% increase in consolidated net profit for Q4 FY24, reaching Rs 38.64 crore, driven by lower expenses. Total income declined to Rs 516.61 crore.
New Delhi, May 27 (PTI) DCM Shriram Industries on Monday posted a 23 per cent rise in consolidated net profit at Rs 38.64 crore for the fourth quarter of the 2023-24 fiscal from a year earlier, on lower expenses.
The company, which is into sugar, industrial fibre and chemicals business, had reported a net profit of Rs 31.53 crore in the same quarter of the previous fiscal, according to a regulatory filing.
Total income declined to Rs 516.61 crore during January-March quarter of the 2023-24 fiscal from Rs 541.58 crore in a year earlier.
Expenses, however, remained lower at Rs 461.75 crore as against Rs 493.60 crore in the said period.
For the full fiscal year 2023-24, DCM Shriram Industries posted a 92 per cent jump in consolidated net profit to Rs 115.39 crore, compared with Rs 60.16 crore in the previous fiscal year.
The company's board did not recommend a final dividend in view of the need for conservation of resources for debt servicing and expected capital expenditure.
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