DCM Shriram Q4 net profit soars by 87 pc
DCM Shriram Consolidated (DSCL) today reported 87 per cent rise in net profit at Rs 28.3 crore for the quarter ended March 31.
By PTI | Updated:
MUMBAI: DCM Shriram Consolidated (DSCL) today reported 87 per cent rise in net profit at Rs 28.3 crore for the quarter ended March 31.
The company had a net profit of Rs 15.27 crore in the same period last year.
The company posted a revenue of Rs 1,106.9 crore for the fourth quarter of the 2010-11 fiscal, up by 23.2 per cent from Rs 896.6 crore in the year-ago period, DSCL said in a filing to the Bombay Stock Exchange (BSE).
DSCL, however, witnessed a loss of Rs 14.27 crore during last fiscal, against the net profit of Rs 84.25 crore in the previous year.
Total revenue of the company was up by 17 per cent to Rs 4,151 crore in the FY'11 compared with Rs 3,546.8 crore in the previous fiscal, it said.
The company said its net profit in FY'11 declined because of higher input costs in fertiliser, chloro Vinyl and cement businesses. It posted losses in sugar and its retail arm Hairyali Kisaan Bazaar.
DSCL said that Board of Directors have recommended dividend of Rs 0.40 per equity share of Rs two each for the year ended March 31, 2011 out of accumulated profits of previous year.
The share of the company closed higher by 9.39 per cent at Rs 46.60 from the previous day.
The company had a net profit of Rs 15.27 crore in the same period last year.
The company posted a revenue of Rs 1,106.9 crore for the fourth quarter of the 2010-11 fiscal, up by 23.2 per cent from Rs 896.6 crore in the year-ago period, DSCL said in a filing to the Bombay Stock Exchange (BSE).
DSCL, however, witnessed a loss of Rs 14.27 crore during last fiscal, against the net profit of Rs 84.25 crore in the previous year.
Total revenue of the company was up by 17 per cent to Rs 4,151 crore in the FY'11 compared with Rs 3,546.8 crore in the previous fiscal, it said.
The company said its net profit in FY'11 declined because of higher input costs in fertiliser, chloro Vinyl and cement businesses. It posted losses in sugar and its retail arm Hairyali Kisaan Bazaar.
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DSCL said that Board of Directors have recommended dividend of Rs 0.40 per equity share of Rs two each for the year ended March 31, 2011 out of accumulated profits of previous year.
The share of the company closed higher by 9.39 per cent at Rs 46.60 from the previous day.
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