DCM Shriram Q2 FY27 Results: Consolidated Revenue Rises 21% But Net Profit Falls 33% As Costs Increase

DCM Shriram Limited’s consolidated revenue from operations increased to ₹4,150.79 crore in Q2 FY27 from ₹3,432.43 crore a year earlier. Net profit after the share of joint venture profit declined to ₹105.68 crore from ₹158.72 crore.

The company’s earnings before interest, depreciation, tax and exceptional items (EBITDA) fell 21.8% to ₹318.82 crore. Total expenses increased 22.5% year on year to ₹4,025.86 crore, outpacing revenue growth.

The board declared an interim dividend of ₹4 per equity share of ₹2 face value, aggregating to ₹62.38 crore. The record date is 30 October 2026, and payment is due within 30 days of declaration.

The DCM Shriram share price ended at ₹968.35 on the National Stock Exchange (NSE).

DCM Shriram Q2 Results: Other Financial Highlights

Profit before tax fell 38% to ₹152.40 crore. The results also show a sharp difference between the September and June quarters: Q1 profit included ₹79.42 crore in exceptional gains and substantial tax adjustments, including a ₹376.25 crore deferred tax asset recognition. These items make the sequential profit comparison less representative of underlying operating performance.

For the first half of FY27, revenue from operations grew 15.2% to ₹7,935.46 crore. However, EBITDA declined 6.9% to ₹683 crore.

Which Business Segments Performed Better?

Chemicals and Vinyl revenue grew 42.2% year on year to ₹1,576.66 crore, while segment profit fell 33.4% to ₹133.68 crore. Fertiliser revenue rose 40.4% to ₹501.87 crore, with segment profit up 27.2% to ₹21.37 crore.

Fenesta Building Systems revenue increased 21.6% to ₹344.44 crore. Sugar and Ethanol revenue rose 9.5% to ₹1,197.21 crore. Shriram Farm Solutions revenue declined 10.2% to ₹423.06 crore, while Bioseed revenue fell 14.8% to ₹73.36 crore and reported a segment loss of ₹42.98 crore.

The board also approved up to ₹50 crore of equity investment in joint venture Shriram Teknor Limited, alongside capital expenditure of up to ₹60 crore for cement-plant filter presses, ₹145 crore for a solar plant at Kota and ₹120 crore for additional electrolysers at the Kota and Bharuch caustic plants.

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