The shares of this alcohol manufacturer hit a 10 percent upper circuit after the company announced its second-quarter result.
With a market capitalization of Rs 1,180.05 crore, Dcm Shriram Industries Ltd, On Wednesday, the shares were trading at Rs 135.65, an increase of 9.97 percent from the previous closing price.
Looking into the company’s financials, Dcm Shriram Industries Ltd’s revenue increased by 10 percent on a quarter-on-quarter basis from Rs. 527.80 crores in Q1FY24 to Rs.585.04 crores in Q2 FY24. Further, revenue increased by 9.2 percent year on year from Rs. 535.70 crores in Q2FY23 to Rs 585.04 crores in Q2FY24.
Dcm Shriram Industries Ltd’s net profit decreased by 23 percent on a quarter-on-quarter basis from Rs. 27.08 crores in Q1FY24 to Rs. 20.61 crores in Q2FY24. Further, net profit increased by 2,116.12 percent year on year from Rs. 0.93 crores in Q2FY23 to Rs.20.61 crores in Q2FY24.
Dcm Shriram Industries Ltd’s reported return ratios in the recent financial year with a return on equity (ROE) of 8.66 percent and a return on capital employed (ROCE) of 10.24 percent.
Dcm Shriram Industries Ltd’s recent shareholding pattern, The Promoters of the company own 50.11 percent while Retail shareholders own a 41.07 percent stake in the company and Foreign Institutional Investors own a 0.99 percent stake.
Dcm Shriram Industries Ltd’s company gave a 94.76 percent return in six months and 89.20 percent in a year.
DCM Shriram Industries Ltd is engaged in producing and selling industrial fibers, sugar, alcohol, power, chemicals, and drones (UAVs).
Written By:- Abhishek Singh
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