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DCM Shriram (DCMSHRIRAM) investor relations material
DCM Shriram Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 FY26 net revenue rose 13% year-on-year to INR 3,811 crores, with consolidated revenue at ₹4,003.27 crore; PBDIT increased 4% to INR 560 crores, and PAT was INR 213 crores, impacted by a ₹55 crore exceptional item for new labour codes.
Nine-month FY26 revenue grew 12% year-on-year to INR 10,345 crores, with PBDIT up 24% to INR 1,294 crores and PAT at ₹485.18 crore.
Interim dividend of 180% (INR 56.14 crores/₹3.60 per share) announced, totaling 360% (INR 112.28 crores/₹7.20 per share) for the year.
Statutory auditors issued limited review reports with no material misstatements.
Financial highlights
Chemicals revenue up 30% year-on-year, led by 6% higher caustic soda volumes; PBDIT down 8% due to higher fixed and stabilization costs.
Vinyl revenues down 13% year-on-year due to lower PVC volumes and subdued prices; PBDIT at INR 19 crores vs INR 29 crores last year.
Sugar and ethanol revenue up 15% year-on-year; domestic sugar and ethanol volumes up 8% and 10% respectively.
Fenesta revenues up 28% year-on-year, but PBDIT down to INR 35 crores due to product mix and higher fixed costs.
Shriram Farm Solutions revenue up 7% year-on-year; PBDIT down 11% due to lower wheat margins.
Bioseed revenue up 16% year-on-year; PBDIT up 73% year-on-year.
Consolidated Q3 FY26 EBITDA: ₹560.37 crore; net profit margin: 5.62%.
Outlook and guidance
Major chemical investments nearing completion; optimism for steady, responsible growth ahead.
Expecting improved profitability from FY27 as recent investments stabilize.
Fenesta margins expected to stabilize around 14% as scale and backward integration improve.
Caustic soda and chlorine business outlook stable to positive; domestic demand remains robust.
Sugar & Ethanol margins expected to remain under pressure due to global surplus and cost increases; dependent on government policy support.
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