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DCM Shriram Limited - 523367 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication for Notice of Postal Ballot
05-05-2023
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DCM Shriram Limited - 523367 - Record Date For Final Dividend

Record date for Final Dividend
05-05-2023
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DCM Shriram Limited - 523367 - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

Disclosure under Regulation 30 of the SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Postal Ballot Notice
04-05-2023
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DCM Shriram Limited - 523367 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Advertisements for the Audited Financial Results for the quarter and year ended on March 31, 2023
03-05-2023

DCM Shriram Q4 results: Profit falls 54% as raw material, power costs surge

The company's consolidated net profit fell to 1.87 billion rupees ($22.8 million) compared to 4.01 billion rupees a year ago. Revenue from operations also fell marginally to 28.49 billion rupees
02-05-2023
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Q4FY23 Quarterly & FY23 Annual Result Announced for DCM Shriram Ltd.

Specialty Chemicals firm DCM Shriram announced Q4FY23 & FY23 results: Q4FY23: Net Revenue for Q4FY23 down 3% YoY at Rs 2,720 crore PBDIT for Q4FY23 is down 44% YoY at Rs 372 crore PAT for Q4FY23 is down 53% at Rs 187 crore vs Rs 401 crore last year ROCE at 27% vs 34% in FY22 Net debt as of 31st March 2023 is Rs 681 crore vs Rs 4 crore as of 31st March, 2022 The final Dividend declared by the Board in this meeting at 180% amounting to Rs 56.14 crore (Total for the year at 700% amounting to Rs 218.32 crore) FY23: Net Revenue (net of excise duty) up 20% YoY at Rs 11,547 crore PBDIT for FY23 is down 9% YoY at Rs 1,726 crore vs Rs 1,888 crore for FY22 PAT for FY23 is down 15% at Rs 911 crore vs Rs 1,067 crore during FY22 Commenting on the performance for the quarter and period ending March 2023, in a joint statement, Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, said: The world economy is still recovering from the unprecedented disruptions in the last three years. It will take time for world trade to adapt to the new normal. Growth is expected to slow down, especially in the advanced economies. Recession concerns have gained prominence, while worries about stubbornly high inflation persist. India continues to be in a sweet spot and will see healthy growth and so will our businesses. The chloro-vinyl business delivered reasonable returns although they have come off their all-time highs witnessed last year. Though the output prices are expected to remain under pressure for a couple of quarters, the margins should be reasonable considering the captive energy costs likely to reduce in the coming quarters in view of reduced imported coal prices and commissioning of an efficient 120MW power plant and 50MW green power project for Bharuch by second quarter. In the coming year, Chemical business will usher a new era of growth with all the Chemical projects being commissioned. These projects are slightly delayed by a quarter given the supply constraints. Sugar business continues to be stable though sugar prices have not yet increased to levels to compensate for the increase in sugarcane prices last year. India's crush and sugar production is expected to be much lower than last year and should support higher sugar prices domestically & globally. Our Sugarcane crush as well as recovery this season has been better than previous season. 120 KLD distillery is operational on molasses feedstock, the grain attachment is ready and awaiting regulatory approval, which is expected in Q1FY’24. Fenesta & Shriram Farm Solution businesses continue to grow at a good rate. Sustainability measures in the areas of green power, circular economy and resource conservation continue to be an integral part of all our businesses. Our balance sheet & cash flows are healthy and will weather economic uncertainties. We are actively looking for more avenues at growth." Result PDF
02-05-2023
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