DCM Shriram Consolidated , a diversified conglomerate with interests spanning chemicals, agri-rural businesses, and building materials, has reported robust financial results for the second quarter, demonstrating significant growth across key segments.

Financial Highlights

For Q2, DCM Shriram reported:

• Consolidated revenue from operations of ₹3,432.43 crore, up 10% year-over-year
• EBITDA of ₹407.93 crore, a 74% increase from the previous year
• Net profit after tax of ₹158.72 crore, surging 152% compared to the same quarter last year

The company's board has declared an interim dividend of ₹3.60 per equity share, amounting to ₹56.14 crore.

Segment Performance

Chemicals and Vinyl

The Chemicals and Vinyl segment emerged as a strong performer:

• Revenue grew by 42.60% to ₹1,108.40 crore
• PBDIT (Profit Before Depreciation, Interest, and Tax) surged by 161.40% to ₹266.80 crore

This growth was primarily driven by a 22% increase in caustic soda volumes and improved ECU (Electro-Chemical Unit) margins. The company also benefited from the commissioning of new projects, including hydrogen peroxide, aluminum chloride, and refined glycerin plants.

Agri-Rural Businesses

Shriram Farm Solutions reported impressive results:

• Revenue increased by 26.70% to ₹471.00 crore
• PBDIT rose by 47.40% to ₹106.20 crore

The growth was led by higher volumes in research wheat and crop protection verticals, along with better pricing across product lines.

Sugar and Ethanol

While the Sugar and Ethanol segment faced some challenges:

• Revenue declined by 6.20% to ₹933.00 crore
• PBDIT, however, improved significantly to ₹33.40 crore, up 143.50%

The improvement in PBDIT was attributed to better margins in ethanol and a positive impact of ₹15.50 crore due to upward revision of power tariffs by UPPCL.

Fenesta Building Systems

Fenesta Building Systems continued its growth trajectory:

• Revenue increased by 27.80% to ₹283.30 crore
• PBDIT grew by 2.20% to ₹43.10 crore

The segment's order book saw a substantial increase of 71% year-over-year.

Strategic Developments

DCM Shriram is advancing its strategy of expanding into high-value chemicals:

1. Commissioned a 35,000 TPA Epichlorohydrin (ECH) plant at its Bharuch complex, with the remaining 17,000 TPA capacity to be operational shortly.
2. Completed the acquisition of Hindusthan Speciality Chemicals Limited, strengthening its position in epoxy resins and advanced materials.
3. Announced plans to acquire four salt manufacturing companies with a total capacity of 208,000 MTPA, aiming to backward integrate its chemical business.

Management Commentary

Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, commented on the results:

"Despite global challenges, our caustic business delivered strong, volume-led growth with improved margins, reflecting operational agility and effective market positioning. The acquisition of Hindusthan Speciality Chemicals and commissioning of the Epichlorohydrin capacity mark significant milestones in our expansion into advanced materials."

They added, "With sustainability woven into every workflow, we aim to deliver responsible, enduring value to stakeholders despite a shifting macro backdrop."

Outlook

DCM Shriram remains focused on strategic growth initiatives:

• Continuing investments in high-value chemical adjacencies
• Expanding the Fenesta Building Systems product portfolio
• Strengthening its position in agri-inputs through Shriram Farm Solutions

The company's robust balance sheet and diversified business model position it well to capitalize on growth opportunities across its business segments.

As DCM Shriram navigates the evolving market landscape, its emphasis on operational excellence, sustainability, and strategic expansions is expected to drive long-term value creation for stakeholders.

DCM Shriram Consolidated , a diversified conglomerate, has reported a robust financial performance for the second quarter of fiscal year 2025-26, with a significant surge in profitability and strong revenue growth.

Financial Highlights

For the quarter ended September 30, 2025, DCM Shriram Consolidated posted the following results:

The company's consolidated net profit more than doubled to ₹158.00 crore in Q2 FY2025-26, compared to ₹63.00 crore in the same period last year, marking a substantial 151.00% year-on-year increase.

Revenue from operations grew by 10.60% to ₹3,271.00 crore, up from ₹2,957.00 crore in the corresponding quarter of the previous fiscal year.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant improvement, rising by 70.80% to ₹308.00 crore from ₹180.70 crore year-on-year. This resulted in an enhanced operating margin of 9.40%, up from 6.10% in the same quarter last year.

Interim Dividend Declaration

The Board of Directors has declared an interim dividend of 180% or ₹3.60 per equity share for the financial year 2025-26. The record date for this dividend has been set for November 3, 2025.

Segment Performance

The company's financial results indicate strong performances across various business segments:

1. Chemicals and Vinyl: This segment reported revenue of ₹1,108.40 crore for the quarter, with a profit of ₹200.71 crore.
2. Sugar and Ethanol: The segment generated revenue of ₹1,093.71 crore, though it faced some challenges with a modest profit of ₹2.28 crore.
3. Fenesta Building Systems: This division showed growth with revenue of ₹283.27 crore and a profit of ₹34.72 crore.
4. Shriram Farm Solutions: The segment performed exceptionally well with revenue of ₹471.02 crore and a profit of ₹104.53 crore.

Strategic Developments

DCM Shriram Consolidated has made significant strides in expanding its operations:

1. The company commissioned a 35,000 TPA Epichlorohydrin (ECH) Plant at its chemical complex in Jhagadia, Gujarat, on October 14, 2025. An additional 17,000 TPA capacity is expected to be commissioned shortly.
2. The acquisition of Hindusthan Speciality Chemicals Limited was completed on August 26, 2025, strengthening DCM Shriram Consolidated's position in the specialty chemicals sector.
3. The company has announced plans to acquire four salt manufacturing entities with a combined salt lease land of 1,077 acres in Gujarat, aiming to backward integrate its chemical business.

Market Response

The company's shares closed at ₹1,305.60 on the BSE, up 2.19%, reflecting positive investor sentiment following the results announcement.

DCM Shriram Consolidated's strong Q2 performance, strategic expansions, and dividend declaration underscore its robust business model and growth trajectory in the diversified sectors it operates in.