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View Claim Ledger →DCM Shriram Limited — Q3 FY26
DCM Shriram reported Q3 FY26 revenue of ₹3,811 crore, up 13% YoY, driven by chemicals, sugar, Fenesta, and Shriram Farm Solutions.
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DCM Shriram reported Q3 FY26 revenue of ₹3,811 crore, up 13% YoY, driven by chemicals, sugar, Fenesta, and Shriram Farm Solutions. PAT was ₹213 crore after a ₹55 crore exceptional item for labor code implementation. Chemicals revenue grew 30% YoY, but PBDIT fell 8% due to stabilization costs. Sugar & ethanol PBDIT surged to ₹204 crore (vs ₹112 crore) aided by a ₹36 crore provision reversal. Fenesta revenue rose 28% but margins compressed due to product mix and higher fixed costs. Management guided for margin recovery in Fenesta within 2 quarters, ECH plant stabilization by Q4 end, and HSCL break-even within 12 months of acquisition. Key risk: PVC industry remains under pressure from cheap imports despite China's subsidy removal, with MIP advocacy ongoing.
डीसीएम श्रीराम ने तीसरी तिमाही में 3,811 करोड़ रुपये की कमाई की, जो पिछले साल से 13% ज्यादा है। यह बढ़ोतरी केमिकल्स, चीनी, फेनेस्टा और श्रीराम फार्म सॉल्यूशंस से आई। मुनाफा 213 करोड़ रुपये रहा, जिसमें 55 करोड़ रुपये का एक बार का खर्च शामिल है। केमिकल्स की बिक्री 30% बढ़ी, लेकिन मुनाफा 8% गिरा। चीनी और एथेनॉल का मुनाफा 204 करोड़ रुपये हो गया, जो पिछले साल 112 करोड़ था। फेनेस्टा की बिक्री 28% बढ़ी, लेकिन मुनाफा कम हुआ। कंपनी का कहना है कि फेनेस्टा का मुनाफा 2 तिमाहियों में सुधरेगा। पीवीसी पर चीन से सस्ते आयात का दबाव है।
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PVC industry pressure from cheap imports
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Caustic soda volumes
6%
+6% YoY
Volume growth driven by better capacity utilization in the chemicals segment.
Sugar & ethanol PBDIT
₹204 crore
+82% YoY
Significant increase due to a ₹36 crore provision reversal and higher volumes.
Fenesta revenue growth
28%
+28% YoY
Revenue growth led by the project vertical, though margins declined.
Research wheat seed sales
113-114k tons
+20% YoY
Highest ever sales, though missed target of 125-130k tons, impacting margins.
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Management expects Fenesta EBITDA margins to reach ~14% within 2 quarters as scale and backward integration benefits materialize.
PVC prices remain under pressure due to abundant imports and global oversupply, despite China's subsidy removal.
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