DCM Shriram Industries Q4 Results 2024 and Share Price
DCM Shriram Industries Ltd. reported a 22.5% increase in Q4 2024 net profit to ₹38.6 crore, despite a 5.5% drop in revenue to ₹511.7 crore, and the board did not recommend a final dividend, focusing instead on future capital expenditures and debt servicing.
by Kavitha
Updated May 28, 2024
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DCM Shriram Industries
One well-known business in the sugar industry is DCM Shriram Industries Ltd. Its sound financial standing and quality management are acknowledged. In addition to other agricultural goods, the corporation makes and markets sugar. Due to its consistent financial performance throughout the years, DCM Shriram is a well-known brand in the sector. Strong management methods and an emphasis on effective operations have allowed the corporation to hold a dominant position in the market. DCM Shriram remains a significant player in the agriculture industry with a dedication to quality.
DCM Shriram Industries Q4 Results 2024
DCM Shriram Company released the fourth-quarter financial figures for the fiscal year that ends on March 31, 2024. The net profit of the company increased by 22.5%, which is around ₹38.6 crore when compared to last year's profit, which was ₹31.5 crore. But compared to the same time in the previous fiscal year, the company's revenue from operations decreased by 5.5%, to ₹511.7 crore from ₹541.6 crore.
EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortization) increased by 4.7% to ₹68.7 crore from ₹65.6 crore in the previous year due to DCM Shriram's operational improvements. Better operating efficiency is indicated by the EBITDA margin, which increased to 13.4% from 12.1% in the prior year.
In view of the need to preserve funds for anticipated capital expenditures and debt servicing, the company's board declined to recommend a final dividend. The final dividend payment for the year will be made on March 28, 2024, with an interim dividend of ₹2 per share.
The shares of DCM Shriram had a slight increase despite the conflicting financial data, closing at ₹228.35 on the BSE, up ₹0.95 or 0.42%. Strategic planning for future expansion and financial stability is demonstrated by the company's emphasis on profitability and resource management.
DCM Shriram Industries Ltd. Share Price
As of May 28, 2024, DCM Shriram Industries Ltd. (DCMSRIND) has a share price of ₹219.90 on the National Stock Exchange (NSE). From the closing price of ₹226.55 the previous day, the stock price has changed by -2.30%. The trading range for the day was ₹218.00 to ₹235.15. The market capitalization of DCM Shriram Industries Ltd. is roughly ₹19,816.82 crore. With excellent financial stability and quality management, DCM Shriram Industries Ltd. is a successful player in the sugar industry.
DCM Shriram Industries Ltd. Consolidated Statement of Q4 Results
The table below represents the Q4 consolidated statement of DCM Shriram Industries Ltd.
Particulars |
31.03.2020 |
31.03.2021 |
31.03.2022 |
|
Revenue from operations |
|||
|
Sale of products |
2,510.99 |
3,125.36 |
2,830.82 |
|
Other operating revenue |
20.22 |
12.18 |
17.83 |
|
Total revenue from operations |
3,137.54 |
2,531.21 |
2,848.65 |
|
Other Income |
|||
|
Total Income |
2,555.23 |
3,172.65 |
2,874.44 |
|
Expenses |
|||
|
(a) Cost of materials consumed |
1,925.60 |
1,545.19 |
1,784.61 |
|
(b) Purchases of stock-in-trade |
88.67 |
338.86 |
117.73 |
|
(c) Changes in inventories of finished goods, stock-in-trade and work-in-progress |
(904.90) |
(299.87) |
(669.62) |
|
(d) Excise duty on sale of goods |
131.93 |
102.44 |
128.62 |
|
(e) Employee benefits expense |
239.07 |
258.06 |
230.91 |
|
(f) Finance costs |
32.46 |
15.01 |
11.90 |
|
(g) Depreciation and amortisation expense |
80.31 |
76.64 |
70.88 |
|
(h) Power and fuel |
407.11 |
365.62 |
558.56 |
|
(i) Other expenses |
378.46 |
381.93 |
351.62 |
|
Total expenses |
2,378.71 |
2,783.88 |
2,585.21 |
|
Profit before tax |
176.52 |
388.77 |
289.23 |
|
Tax expense |
|||
|
- Current tax |
95.57 |
69.07 |
45.22 |
|
- Deferred tax |
(36.84) |
66.67 |
60.75 |
|
- Tax adjustments related to earlier year |
- |
||
|
- Tax adjustments related to income from subsidiary |
- |
||
|
Total tax expense |
58.72 |
148.29 |
102.56 |
|
Profit after tax |
117.80 |
240.48 |
186.67 |
|
Other Comprehensive income |
|||
|
Total Comprehensive income (after tax) |
112.23 |
241.69 |
191.43 |
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DCM Shriram Industries Q4 Results 2024 - FAQs
1. What industry does DCM Shriram Industries Ltd. operate in?
DCM Shriram Industries Ltd. operates in the sugar and agricultural sector.
2. How did DCM Shriram Industries perform financially in Q4 2024?
The company's net profit increased by 22.5% to ₹38.6 crore, though revenue decreased by 5.5% to ₹511.7 crore.
3. What was the share price of DCM Shriram Industries on May 28, 2024?
On May 28, 2024, the share price was ₹219.90 on the NSE.
4. Did DCM Shriram Industries declare a final dividend for the year 2024?
No, the company did not declare a final dividend to conserve funds for future capital expenditures and debt servicing.
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