DSCL Q1 net jumps over three fold to Rs 114 crore

NEW DELHI: Diversified group DCM Shriram Consolidated Ltd ( DSCL) on Tuesday reported more than three-fold jump in the consolidated net profit to Rs 114 crore for the first quarter ended June 30, 2013.

The company had clocked a net profit of Rs 31 crore in the same quarter a year ago.

Total income increased by 8.5 per cent to Rs 1,549 crore during April-June period of this fiscal from Rs 1,427 crore in the same quarter last year, DSCL said in a statement.

"We are glad to report a satisfactory performance in the quarter led by better margins in chloro-vinyl business, higher earnings in the Shriram Farm Solutions business and almost nil losses in Hariyali business," DSCL Chairman and Senior Managing Director Ajay Shriram said.

DSCL is an integrated business entity with presence in sectors like sugar, fertilisers, chloro-vinyl, bioseeds, cement, rural retail chain Hariyali Kisaan Bazaar.