New Delhi, DCM Shriram Industries on Monday reported consolidated net profit at Rs 38.64 crore in the fourth quarter of FY23-2, up 23 per cent from a year ago, on lower expenses.
The company, which is in the sugar, industrial fiber and chemicals business, had reported a net profit of Rs 31.53 crore in the same quarter last fiscal, according to regulatory filings.
Total income during the January-March quarter of financial year 2023-24 declined to Rs 516.61 crore from Rs 541.58 crore a year ago.
However, expenditure declined to Rs 461.75 crore as against Rs 493.60 crore in the said period.
For the full financial year 2023-24, DCM Shriram Industries' consolidated net profit increased by 92 per cent to Rs 115.39 crore, compared to Rs 60.16 crore in the previous financial year.
The Board of the Company did not recommend a final dividend in view of the need to conserve resources for debt repayment and expected capital expenditure.
The company, which is in the sugar, industrial fiber and chemicals business, had reported a net profit of Rs 31.53 crore in the same quarter last fiscal, according to regulatory filings.
Total income during the January-March quarter of financial year 2023-24 declined to Rs 516.61 crore from Rs 541.58 crore a year ago.
However, expenditure declined to Rs 461.75 crore as against Rs 493.60 crore in the said period.
For the full financial year 2023-24, DCM Shriram Industries' consolidated net profit increased by 92 per cent to Rs 115.39 crore, compared to Rs 60.16 crore in the previous financial year.
The Board of the Company did not recommend a final dividend in view of the need to conserve resources for debt repayment and expected capital expenditure.
