DCM Shriram shares zoom nearly 12% post robust Q4 earnings

Shares of DCM Shriram Thursday zoomed nearly 12 per cent after the company reported strong earnings for the fourth quarter of last fiscal. The scrip after a positive opening further jumped 11.78 per cent to Rs 484.80 on the BSE.

At the NSE, shares gained 11.50 per cent to Rs 485.

DCM Shriram Wednesday reported nearly six-fold jump in net profit at Rs 293 crore for the fourth quarter of last fiscal.


Its net profit stood at Rs 51 crore in the year-ago period, the company, which is into chemicals, sugar, fertiliser and seed businesses, said in a regulatory filing.

Net revenue from operations rose 21 per cent to Rs 1,888 crore from Rs 1,566 crore in the year-ago period.

The shares of the company closed 7.22 per cent higher at Rs 465 on BSE.