DCM Shriram Industries reports a potential financial impact of Rs 8.81 crore due to the reinstatement of import/export fees on denatured alcohol by Uttar Pradesh's Excise Commissioner. This follows a Supreme Court order upholding the state's authority to levy such fees. The company has approached the government for reconsideration and noted no other material impacts. The UP Sugar Mills Association has challenged the order, resulting in an interim stay by the Allahabad High Court, with the next hearing scheduled for August 28, 2025.
29May 25
DCM Shriram Industries Reports Decline in Q4 Revenue and Profit
DCM Shriram Industries, a diversified company, reported a decline in both revenue and profit for Q4. Revenue decreased by 8% to ₹4.60 billion from ₹5.00 billion year-over-year. Consolidated net profit fell by 38.60% to ₹237.00 million from ₹386.00 million in the same quarter last year. The company operates in sugar, chemicals, and industrial fibers sectors.