DCM Shriram Declares 9% Jump In Q3 Net Profit, 180% Dividend

Mid cap company engaged in the Diversified sector, DCM Shriram Limited today announced a surge of 9.01% year-on-year (YoY) in its consolidated net profit to Rs 262.14 crore for the quarter ended December (Q3 FY2025). The company declared its consolidated net profit at Rs 240.48 crore in the corresponding quarter of last year, according to the BSE filing.

It also approved declaration of 2^nd interim dividend of Rs 3.60/- per equity share (i.e. 180%) for the FY 2024-25. Current market price of DCM Shriram Limited shares price on Bombay Stock Exchange (BSE) is Rs 1106.50 per share (as on January 17, 2025) with intraday gain of 4.15%. Check details below:

DCM Shriram Approves Interim Dividend

According to the BSE filing of DCM Shriram dated January 18, 2025, “the Board of Directors at its aforesaid meeting has also, inter-alia, approved the declaration of 2nd Interim Dividend for the Financial Year 2024-25 on the paid-up equity share capital of the Company @ 180% (Rs.3.60/- per equity share of face value of Rs.2/- each).”

DCM Sets Record Date For Interim Dividend

As already intimated vide our Intimation dated January 10, 2025, the Record Date fixed for the purpose of the said 2nd Interim Dividend shall be January 24, 2025. Further, the said Interim Dividend shall be paid/dispatched to all eligible shareholders on or before February 16, 2025, added the exchange filing.

DCM Shriram Approves Fundraising

The regulatory filing of the company mentioned, “approved Raising of funds through issue of Non-Convertible Debentures (‘NCDs’), in one or more tranches, up to Rs. 1,000 crores, by way of Private Placement.”

DCM Shriram Declares Q3 Financial Results

The company announced its consolidated total income for Q3 FY25 at Rs 3559.98 crore, up 12.21% as against Rs 3,172.65 crore declared in the similar quarter of last year. DCM Shriram on Saturday reported 0.82% YoY decline in its consolidated profit before tax to Rs 385.52 crore for the quarter under review from Rs 388.7 crore announced in the corresponding quarter of last year. The company declared its EBITDA for Q3 FY25 at Rs 537.08 crore as compared to Rs 480.42 crore in Q3 FY24. The EPS of Sriram soared to Rs 16.81 for Q3FY25 from Rs 15.42 in Q3FY24.

DCM Shriram Shares Performance

The 52-week high price of DCM Shriram shares on BSE is Rs 1370.00 per share as on 19/11/2024. The 52-week low price is Rs 840.15 per share as on 28/03/2024. The company’s market capitalisation is Rs 17,255.02 crore. In last 1-week, DCM Shriram shares surged 3.56%, fell 2.60% in last 2-weeks, and gained 9.87%. In last 1-year, DCM Shriram stock zoomed 12.52%, jumped 25.25% in last 2-years, and soared 163.83%.

About

DCM Shriram is a conglomerate that optimises benefits of diversification and integration. Over the years the company has built multiple self-sustaining businesses that operate as Strategic Business Units with their own organisation structure giving them flexibility to operate and grow. DCM Shriram has manufacturing facilities of Fertilizer, Chloro-Vinyl & Cement in Kota (Rajasthan) and of Chlor-Alkali in Bharuch (Gujarat). The company operates coal-based captive power, facilities – in Kota and Bharuch rated at 263 MW, according to its official website.