Diversified company DCM Shriram announced Q1FY26 results Consolidated revenues of Rs 3,455 crore, a 12% YoY increase, and PBDIT of Rs 326 crore, up 19% from the Q1FY25. Profit After Tax stood at Rs 114 crore, reflecting a 13% rise. The annualized ROCE stood at 13.2%, while net debt was stable at Rs 1,481 crore, demonstrating financial prudence and a strong capital structure. Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, said: “Global growth is hovering just above what many analysts consider a recessionary threshold. Trade tensions - particularly new and higher tariffs in major economies, policy unpredictability and geo-politics are dampening investor confidence, slowing investment and causing supply chain disruptions. Financial market volatility has increased sharply in 2025, contributing to a precarious economic climate. India is consolidating its place as the fastest-growing large economy, having recently become the world’s fourth largest, and is projected to continue this trajectory with policies aimed at attracting investment and fostering innovation. Global caustic soda supply chain is disrupted owing to tariff related headwinds and geo-political conflicts, keeping international prices range bound. The business witnessed volume led growth with improved margins. The company has accelerated its entry into advanced materials through its proposed acquisition of 100% stake in Hindusthan Specialty Chemicals Ltd. Sugar and Ethanol business is stable but facing margin pressures. Lower than expected stock levels should fundamentally support prices of Sugar. Recent retrospective levy of export fee from 2018 on Ethanol sold outside the state of UP, is a regressive step by the state government. A comprehensive review and reform of the sugar policy framework is essential to ensure financial viability for both farmers and manufacturers. Fenesta continues to advance its growth trajectory in the core business while strategically broadening its portfolio and revenue platforms. The acquisition of majority stake in a hardware company is a strategic step towards building growth pipeline. The business is focusing on delivering value and service to its customers along with a higher wallet share in home space. With a strong emphasis on innovation and digital connectivity, Shriram Farm Solutions is enhancing its scale and product portfolio of differentiated offerings while deepening its engagement with the farming community. Backed by a robust balance sheet, we’re advancing into adjacent business areas, leveraging both organic and inorganic opportunities, and embedding sustainability at every stage to secure responsible, long-term growth.” Result PDF