DCM Shriram Consolidated Q3 net dips 27% to Rs. 44.3 cr

摘要

DCM Shriram Consolidated (DSCL) reported a 27 per cent drop in net profit for the December quarter on losses in its sugar business caused by high cane price and declining prices of the sweetener. It posted net profit of Rs 44.33 crore against Rs 60.75 crore Revenues for the quarter were higher by 8 per cent driven primarily by fertiliser, bio-seed and its chloro-vinyl business. It recorded Rs1,452 crore revenue in the third quarter against Rs1342.80 crore in the corresponding period last year.