DCM Shriram Q3FY26 Results: Revenue Grows 13.76% YoY to ₹4,003 Crores, Declares ₹3.60 Interim Dividend
DCM Shriram Limited reported Q3FY26 consolidated revenue of ₹4,003.27 crores, up 13.76% YoY, driven by strong performance across Chemicals and Vinyl (+20.42%) and Fenesta Building Systems (+28.42%) segments. Net profit declined 18.89% to ₹212.64 crores due to ₹55 crore exceptional charge for new labour codes implementation. Nine-month revenue grew 12.02% to ₹10,890.88 crores with net profit up 14.07% to ₹485.18 crores. Board declared second interim dividend of ₹3.60 per share, bringing total interim dividend to ₹7.20 per share for FY26.

*this image is generated using AI for illustrative purposes only.
DCM Shriram Limited reported mixed financial results for Q3FY26, with strong revenue growth offset by exceptional charges that impacted profitability. The diversified chemicals and agri-business company demonstrated resilient operational performance across its key business segments while navigating regulatory changes.
Financial Performance Overview
The company's consolidated financial performance for Q3FY26 showed robust top-line growth despite bottom-line pressures:
| Metric | Q3FY26 | Q3FY25 | Change (%) |
|---|---|---|---|
| Total Revenue | ₹4,003.27 cr | ₹3,518.89 cr | +13.76% |
| Net Profit | ₹212.64 cr | ₹262.14 cr | -18.89% |
| EBITDA | ₹560.37 cr | ₹537.08 cr | +4.34% |
| EPS (After Exceptional) | ₹13.59 | ₹16.81 | -19.15% |
For the nine-month period ended December 31, 2025, the company maintained strong momentum with total revenue reaching ₹10,890.88 crores, representing a 12.02% increase from ₹9,722.00 crores in the corresponding period of FY25. Net profit for nine months grew 14.07% to ₹485.18 crores compared to ₹425.36 crores in the previous year.
Exceptional Charge Impact
The company's profitability was significantly affected by an exceptional charge of ₹55.00 crores related to new labour codes. On November 21, 2025, the Government of India notified four Labour codes consolidating 29 existing Labour Laws. Based on draft rules and available information, DCM Shriram estimated the financial implications and made this additional provision. The company continues to monitor developments regarding the finalization of central and state rules.
Without this exceptional charge, the company would have reported earnings per share of ₹15.90 for Q3FY26 compared to ₹13.59 after accounting for the exceptional item.
Segment-wise Performance
DCM Shriram's diversified business portfolio showed varied performance across segments:
| Segment | Q3FY26 Revenue | Q3FY25 Revenue | Growth (%) |
|---|---|---|---|
| Sugar and Ethanol | ₹1,214.07 cr | ₹1,041.57 cr | +16.56% |
| Chemicals and Vinyl | ₹1,121.84 cr | ₹931.64 cr | +20.42% |
| Shriram Farm Solutions | ₹755.83 cr | ₹707.97 cr | +6.76% |
| Fertiliser | ₹374.27 cr | ₹382.97 cr | -2.27% |
| Fenesta Building Systems | ₹286.95 cr | ₹223.44 cr | +28.42% |
| Bioseed | ₹194.10 cr | ₹167.93 cr | +15.58% |
The Chemicals and Vinyl segment delivered the highest growth rate at 20.42%, while Fenesta Building Systems showed strong momentum with 28.42% growth, albeit from a smaller base.
Dividend Declaration
The Board of Directors declared a second interim dividend of ₹3.60 per equity share of face value ₹2.00 each, aggregating to ₹56.14 crores. This brings the total interim dividend for FY26 to ₹7.20 per share, totaling ₹112.28 crores. The record date for the interim dividend is January 24, 2026, and payment will be made within 30 days of declaration.
Key Financial Ratios
The company maintained healthy financial metrics despite the challenging quarter:
| Parameter | Q3FY26 | Q3FY25 |
|---|---|---|
| Debt Equity Ratio | 0.15 times | 0.13 times |
| Current Ratio | 1.48 times | 1.65 times |
| Net Worth | ₹7,330.76 cr | ₹6,826.96 cr |
| Operating Margin | 12.59% | 14.81% |
| Net Profit Margin | 5.62% | 7.83% |
The company's net worth increased to ₹7,330.76 crores from ₹6,826.96 crores in the previous year, reflecting strong balance sheet fundamentals. The debt equity ratio remained conservative at 0.15 times, indicating prudent financial management.
Historical Stock Returns for DCM Shriram Consolidated
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.94% | -5.96% | -8.44% | -21.16% | -0.07% | +168.16% |













































