DCM Shriram Q4 PAT up 73.14% at Rs401.19cr on spike in chloro vinyl operating profits

6 May 2022 , 06:48 PM

DCM Shriram Ltd reported 31.17% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs2,873.27cr. On a sequential basis, revenues were higher for the quarter by 2.96%.

For the full year FY22, the revenues were higher by 18.6% at Rs9,849cr. DCM Shriram reported higher revenues across choro vinyl, farm solutions and fertilizers.

However, revenues from the sugar business and the bio-seeds business were lower on yoy basis. Net cash from operations fell by nearly a third in FY22 due to inventory costs.

The consolidated net profit for Q4 was up 73.14% at Rs401.19cr while it was up on a sequential basis by 14.69%. The main driver was the 164% spike in the operating profits from the chloro vinyl business.

Overall operating profits were up by 72% at Rs.630 crore, despite a rise in power and input costs in the quarter. Net margins stood at 13.96% in Mar-22 quarter compared to 10.58% in Mar-21.

NPM was higher sequentially compared to 12.53% in Q3. The company declared final dividend of Rs.4.90 per share taking total dividend for the year to Rs.14.70 per share, subject to shareholder approval.

Financial highlights for Mar-22 compared yoy and sequentially

	DCM Shriram Ltd
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 2,873.27	₹ 2,190.56	31.17%	₹ 2,790.78	2.96%
Net Profit (Rs cr)	₹ 401.19	₹ 231.72	73.14%	₹ 349.79	14.69%
Diluted EPS (Rs)	₹ 25.73	₹ 14.86		₹ 22.43
Net Margins	13.96%	10.58%		12.53%