DCM Shriram Industries This autumn Outcomes: Revenue rises 23% to Rs 39 crore

DCM Shriram Industries on Monday posted a 23 per cent rise in consolidated web revenue at Rs 38.64 crore for the fourth quarter of the 2023-24 fiscal from a yr earlier, on decrease bills. The corporate, which is into sugar, industrial fibre and chemical substances enterprise, had reported a web revenue of Rs 31.53 crore in the identical quarter of the earlier fiscal, based on a regulatory submitting.

Whole earnings declined to Rs 516.61 crore throughout January-March quarter of the 2023-24 fiscal from Rs 541.58 crore in a yr earlier.

Bills, nonetheless, remained decrease at Rs 461.75 crore as towards Rs 493.60 crore within the mentioned interval.

For the total fiscal yr 2023-24, DCM Shriram Industries posted a 92 per cent bounce in consolidated web revenue to Rs 115.39 crore, in contrast with Rs 60.16 crore within the earlier fiscal yr.

The corporate’s board didn’t suggest a remaining dividend in view of the necessity for conservation of sources for debt servicing and anticipated capital expenditure.