Business group DCM Shriram has reported a good set of numbers for Q4, including a more than doubling in its consolidated net profit at Rs. 156.35 crore, from healthy performance in its sugar, chemical and plastic businesses. Net profit had stood at Rs. 54.53 crore in the year-ago period.
Total revenues rose 23.7% o Rs. 1,722.96 crore in the quarter ended March 31, 2017, from Rs.1,392.4 crore in the same period last year. For the full financial year, DCM Shriram’s consolidated net profit jumped 83% to Rs. 551.68 crore.
The company noted that it is "strengthening cane development efforts further to achieve higher volumes on a sustained basis”. On its chemical business, the company noted some challenges in capacity utilization, “The expanded chlor-alkali plant at Bharuch has stabilised. Capacity utilisation is constrained due to low chlorine demand. We are working on expanding chlorine sales and overall capacity utilisation.”