Earnings Call for Q3FY22 of DCM Shriram

Conference Call with DCM Shriram Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
22-01-2022
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DCM Shriram Limited - 523367 - Board declares Second Interim Dividend

DCM Shriram Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 18, 2022, inter alia, has declared 2nd Interim Dividend of 260% i.e. Rs. 5.20/- per equity share of face value of Rs. 2/- each for the financial year 2021-22, which will be paid/dispatched to all concerned on or before February 16, 2022.
18-01-2022
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Q3FY22 Quarterly Result Announced for DCM Shriram Ltd.

Chemical manufacturing company DCM Shriram Ltd declares Q3FY22 result: PAT for Q3 FY22 up 38% YoY, PBDIT up 46% YoY Board Declared Interim dividend of 260% Net Revenues* up 26% YoY at Rs 2,730 crs. Growth in revenues led by Chloro-vinyl, Fenesta and Shriram Farm Solutions. Chloro-Vinyl revenues up 90% YoY at Rs 1,042 crs primarily led by prices. Shriram Farm Solutions revenues up 13% YoY at Rs 446 crs led by volumes Fenesta revenues up 26% YoY at Rs 137 crs driven by volumes and prices. Sugar revenues down 14% YoY, at Rs 565* crs primarily due to lower sugar volumes despite better prices, led by lower monthly releases. Cane crush during the current season is higher than same period last year. PBDIT up 46% YoY at Rs 614 crs. Chloro-Vinyl PBDIT at Rs 411 crs, up 107% YoY. Sugar Business PBDIT up 13% YoY at Rs 132 crs. Surplus cash net of debt at 31st December, 2021 is Rs. 245 crs vs net debt of Rs 385 crs at 31st December, 2020. ROCE came in higher at 27% vs 17% for Dec’20. Commenting on the performance for the quarter and period ending December 2021, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director, and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: “This quarter was very challenging for our businesses. High and volatile commodity prices along with supply constraints made the operating environment very dynamic for Chloro-vinyl and Fenesta businesses. Erratic rains made supply chain management difficult for our Agri inputs businesses. We are glad that overall our businesses did well despite these challenges. Chloro-Vinyl business witnessed almost unidirectional increase in input costs especially energy prices. This was led by global factors such as increase in energy demand, supply constraints due to geo-political factors and adverse weather conditions. Freight costs are also adding to the cost push. However, globally the product prices have responded well to the increase in Input costs. Operating environment continues to be dynamic. Chemical expansion and downstream projects are facing headwinds from commodity price increase as well as marginal delays due to 2nd and 3rd wave of Covid-19 and extensive rains. Sugar season has started well with Cane Crush levels (till date) higher than last season. During the quarter Board has approved investments in Sugar business to the extent of Rs. 358 crs towards Sugar capacity expansion, Sugar refinery and additional Grain attachment. The 120 KLD distillery as well as the above projects are progressing as per plan. This will augur well for strengthening the business. It is important that the policy framework for the industry remains stable, for sustainability of the operating environment. Fenesta and Shriram farm Solution are growing well. Bioseed India is facing operational pressures, we expect the business to perform well over medium term. Our cash-flows are healthy which continue to strengthen our balance Sheet. For the next quarter we are bracing ourselves for another challenge in terms of third wave of Covid-19 pandemic.” Result PDF
18-01-2022
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DCM Shriram Limited - 523367 - Outcome Of The Board Meeting Held On 18.1.2022

Outcome of the Board Meeting held on 18.1.2022
18-01-2022
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DCM Shriram Limited - 523367 - Results For The Quarter Ended 31.12.2021

Results for the quarter ended 31.12.2021
18-01-2022
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DCM Shriram Limited - 523367 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Intimation of schedule of Analyst/Investor Call under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
12-01-2022
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DCM Shriram Limited - 523367 - Shareholding for the Period Ended December 31, 2021

DCM Shriram Ltd has submitted to BSE the Shareholding Pattern for the Period Ended December 31, 2021. For more details, kindly Click here
08-01-2022
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