DCM Shriram Limited reported a consolidated profit after tax (PAT) of Rs 855.98 crores for the financial year ended March 31, 2026, a significant increase from Rs 604.27 crores in the previous year. The Board of Directors, at its meeting held on May 13, 2026, approved the audited standalone and consolidated financial results, which were reviewed by the Audit Committee on May 12, 2026. The statutory auditor, Deloitte Haskins & Sells, issued an unmodified audit opinion on the results. Consolidated PAT attributable to owners of the company stood at Rs 853.44 crores, while non-controlling interest accounted for Rs 2.54 crores. The increase in PAT includes a one-time deferred tax credit of Rs 239.48 crores on account of the company opting for the new tax regime under section 115BAA of the Income Tax Act, 1961, effective FY2026-27. Excluding this deferred tax impact, PAT for FY26 would have stood at Rs 616.50 crores.

Q4 Consolidated Financial Highlights

For the fourth quarter, DCM Shriram's consolidated net profit more than doubled to Rs 370.80 crores compared to Rs 178.91 crores in the same period of the prior year. Consolidated total income for the quarter rose to Rs 3,419.59 crores from Rs 3,040.60 crores in the corresponding period. Net profit before exceptional item and tax for Q4 stood at Rs 222.14 crores versus Rs 269.79 crores in the prior-year quarter, while net profit before tax came in at Rs 253.75 crores. However, EBITDA for Q4 declined to Rs 399.64 crores from Rs 426.51 crores year-on-year, with the EBITDA margin contracting to 10.48% from 13.45% in the prior-year quarter. Excluding the deferred tax impact, Q4 PAT would have been Rs 131.32 crores.

Consolidated Financial Performance

The company's consolidated financials for FY26 reflect broad-based revenue growth and improved profitability. Total income rose to Rs 14,460.24 crores from Rs 12,883.46 crores in the prior year, while total revenue from operations grew to Rs 14,263.91 crores from Rs 12,741.32 crores, representing a growth of 12%. Profit before exceptional item and tax stood at Rs 1,015.65 crores compared to Rs 909.41 crores previously, and net profit before tax for the year was Rs 992.26 crores. EBITDA for the year increased to Rs 1,693.67 crores from Rs 1,472.40 crores. Total Comprehensive Income attributable to owners stood at Rs 857.88 crores for FY26 versus Rs 598.74 crores in the prior year. Net Worth stood at Rs 7,660.29 crores compared to Rs 6,958.09 crores, with outstanding gross debt at Rs 2,812.49 crores versus Rs 2,408.19 crores, resulting in a net debt equity ratio of 0.23 against 0.20 previously.

Standalone Financial Performance

On a standalone basis, total income for FY26 was Rs 13,995.33 crores compared to Rs 12,584.31 crores in the prior year, while total revenue from operations was Rs 13,796.72 crores versus Rs 12,441.96 crores. Standalone PAT for the year was Rs 837.55 crores versus Rs 566.53 crores previously, and Total Comprehensive Income stood at Rs 835.29 crores against Rs 560.98 crores. Standalone EBITDA for FY26 was Rs 1,639.53 crores, up from Rs 1,409.85 crores. Standalone profit before exceptional item and tax was Rs 984.91 crores against Rs 858.29 crores in the prior year. The standalone results include an exceptional item related to the statutory impact of new Labour Codes. The company had made an additional provision of Rs 55 crores during the quarter and nine months ended December 31, 2025. Following a detailed review during the quarter ended March 31, 2026, the impact was reduced and Rs 31.62 crores was reversed, resulting in a net exceptional item of Rs 23.38 crores for the year.

Segment-wise Performance

Across business segments, Chemicals and Vinyl was the largest revenue contributor, with segment revenue of Rs 4,650.99 crores in FY26 compared to Rs 3,562.25 crores in the prior year. Sugar and Ethanol contributed Rs 4,496.17 crores versus Rs 4,525.76 crores, operating in a challenging environment marked by higher cane prices and oversupply conditions. Shriram Farm Solutions reported segment revenue of Rs 1,689.08 crores against Rs 1,436.37 crores, a growth of 18%. Fenesta Building Systems grew to Rs 1,112.20 crores from Rs 868.46 crores, a growth of 28%.

Dividend and Corporate Actions

The Board recommended a final dividend of Rs 4.00 per equity share of face value Rs 2 each (200%) for FY2025-26, aggregating to Rs 62.38 crores, subject to shareholder approval at the 37th Annual General Meeting scheduled for August 18, 2026. During the year, the company also paid two interim dividends of Rs 7.20 per equity share aggregating to Rs 112.28 crores. Including these interim dividends, the total dividend for FY2025-26 aggregates to Rs 11.20 per equity share (560%), amounting to Rs 174.66 crores in total, compared to Rs 9.00 per share in the previous year. The Board also approved, subject to shareholder approval, the cancellation of 39,00,000 forfeited equity shares of Rs 2 each.

Subsidiary Developments and Capital Expenditure

The Board approved financial assistance of up to Rs 100 crores to Hindusthan Speciality Chemicals Limited (HSCL), a wholly owned subsidiary, to support a capital investment of Rs 101 crores aimed at augmenting HSCL's Formulated Resins capacity by 36K TPA, reaching a total capacity of 50K TPA. HSCL reported a turnover of Rs 252.73 crores and a PAT of Rs (48.03) crores for FY26. The indicative time period for completion of the investment is September 30, 2027.

Separately, the company executed a Joint Venture Agreement with Teknor Apex B.V. on April 16, 2026, and sold its 50% equity stake in Shriram Polytex Limited, which consequently ceased to be a subsidiary and became a Joint Venture effective April 17, 2026. The company also commissioned the balance capacity of 17,000 TPA of Epichlorohydrin (ECH) at its chemical complex in Jhagadia, Gujarat on April 01, 2026, bringing the total ECH capacity to 52,000 TPA.

DCM Shriram Limited has formally notified the stock exchanges regarding a change in its Registrar and Share Transfer Agent (RTA). The company executed a tripartite agreement on May 4, 2026, to facilitate this transition. The move is being undertaken in compliance with Regulation 7(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was disclosed to the exchanges on May 6, 2026, and was signed by Deepak Gupta, Company Secretary & Compliance Officer.

Change in Registrar and Share Transfer Agent

The agreement was signed between three parties: the company, the erstwhile RTA, and the new RTA. MCS Share Transfer Agent Limited served as the previous registrar, while KFin Technologies Limited has been appointed as the new registrar responsible for maintaining shareholder records and facilitating share transfers.

Compliance and Disclosure

The intimation was submitted to both BSE Limited and the National Stock Exchange of India Limited. The disclosure ensures that all regulatory requirements are met concerning the change in service provider. The company has made the necessary details available to the public and shareholders.

Information Availability

Shareholders and interested parties can access the detailed information regarding this change on the company's official website. The notice is hosted under the investors section to ensure transparency and easy access to relevant documents.