Conference Call with DCM Shriram Management and Analysts on Q3FY25 Performance and Outlook. Listen to the full earnings transcript.
Diversified company DCM Shriram announced Q3FY25 results Net Revenue: Rs 3,367 crore compared to Rs 3,035 crore during Q3FY24, change 11%. PBDIT: Rs 537 crore compared to Rs 480 crore during Q3FY24, change 12%. PAT: Rs 262 crore compared to Rs 240 crore during Q3FY24, change 9%. Ajay Shriram, Chairman & Senior Managing Director & Vikram Shriram, Vice Chairman & Managing Director, said: The global economic growth for calendar year 2024 ended on a mixed note and for 2025, it is projected to be modest. The geopolitical landscape continues to be unpredictable. Central banks across major economies are expected to adopt more accommodative policies in response to the economic slowdown, however US will see slower adoption of accommodative policies leading to global uncertainty. In India, GDP growth is forecasted lower at around 6.50% in FY26, there are concerns about inflation and structural challenges at global and domestic level. Caustic soda segment continues to function at reasonable operating levels on account of increased demand from key end user industries. The prices have been volatile and are susceptible to sudden changes on account of supply chain imbalances. Excess capacities in India are impacting ECUs. The reduction in energy costs has provided support to overall cost structure. Volumes on account of H2O2 , Aluminum Chloride and flexi flaker plant at Bharuch has further added to overall profitability of the Chemicals complex. The Chlorine downstream projects announced in the last quarter will further strengthen the utilization levels and profitability of the Chemicals complex. Both global and Indian sugar production estimates have been revised downward. Sugar business is facing margin pressures as prices are yet not commensurate with the increase in cost of production in the last season. The industry is pushing for allowing exports and higher MSP for sugar. Ethanol business outlook remains positive. Loni capacity expansion came online in the current quarter and CBG project will get commissioned in the next quarter. Fenesta business is focusing on enhancing growth in core segment as well as developing new revenue platforms, hardware being one of them. Shriram Farm Solutions business continues to drive growth with its science based products. Its new product launches are being well appreciated by the market. Considering the strength of our balance sheet, we are proactively seeking growth opportunities in adjacencies that will enable us to increase our scale, improve integration, and enhance cost efficiencies. Result PDF