DCM Shriram reported a 9% year-on-year increase in net revenues for Q1 FY27, reaching ₹3,564 crore. Profit Before Depreciation, Interest, and Taxes (PBDIT) grew by 12% to ₹364 crore. The company highlighted robust growth in its Chemicals business and steady performance in others, despite challenging global and domestic market conditions including geopolitical issues and monsoon deficits.
DCM Shriram Reports Strong Q1 FY27 Performance
DCM Shriram Limited announced its financial results for the first quarter of the Financial Year 2027 (Q1 FY27), concluding on July 30, 2026. The company registered a notable 9% increase in net revenues, amounting to ₹3,564 crore, compared to ₹3,262 crore in Q1 FY26. Profit Before Depreciation, Interest, and Taxes (PBDIT) saw a 12% rise, reaching ₹364 crore from ₹326 crore in the prior year’s quarter.
Segmental Performance Highlights
Chemicals
The Chemicals business demonstrated a robust 33% year-on-year revenue growth. Caustic soda volumes remained steady, with an improvement in realizations driven by a 7% rise in ECU prices. The advanced materials portfolio, encompassing the glycerine to ECH to epoxy value chain, significantly contributed to this performance. Profitability in this segment rose by 24% to ₹274 crore, boosted by higher volumes and better realizations in advanced materials, partially offset by increased input costs.
Vinyl
Vinyl segment capacity utilization stood at a strong 100% in Q1 FY27, up from 98% last year. Revenue moderated by 10% year-on-year due to a 25% decline in PVC volumes, even as prices increased by 22%. Carbide volumes and prices both saw a 15% rise. PBDIT improved substantially by 88% to ₹43 crore, driven by higher realizations, though this was partially counteracted by elevated input costs.
Sugar and Ethanol
Segment revenues for Sugar and Ethanol declined by 2% year-on-year. Domestic sugar volumes fell by 8% on lower offtake, though realizations improved by 2%. Ethanol volumes were flat, with a 4% price decrease due to a change in sales mix. PBDIT for this segment was ₹22 crore, a significant turnaround from a negative ₹7 crore last year, largely due to a one-time provision for retrospective ethanol duty last year.
Fenesta Building Systems
Fenesta Building Systems reported a 22% year-on-year revenue increase, attributed to higher volumes across both project and retail segments. PBDIT for the quarter grew 13% year-on-year to ₹40 crore. The order book remains healthy, showing a 4% increase.
Shriram Farm Solutions
Shriram Farm Solutions saw a 2% revenue increase year-on-year to ₹357 crore, supported by improved realizations across verticals, partially offset by lower volumes in seed and specialty plant nutrients. PBDIT was up by 22% to ₹30 crore, driven by better margins.
Fertilizer
Fertilizer revenues rose 11% year-on-year with a 19% increase in realizations, while volumes remained flat. PBDIT stood at ₹23 crore, compared to ₹38 crore in the year-ago quarter, which included a ₹24 crore one-time retention price gain. Outstanding subsidy on June 30, 2026, was ₹292 crore.
Bioseed
The Bioseed segment experienced a 26% revenue decline year-on-year, primarily due to delayed rainfall impacting sowing acreage and demand. PBDIT for Q1 FY27 was a negative ₹9 crore, against a positive ₹42 crore last year, due to lower volumes and margins.
Overall Financials and Outlook
The company’s consolidated Profit After Tax (PAT) stood at ₹693 crore, which includes a one-time tax adjustment of ₹474 crore and ₹79 crore from the sale of surplus land and stake sale in a JV. Excluding these, PAT was ₹147 crore, an increase of 28% over last year. Net debt as of June 30, 2026, was ₹1,649 crore. Management expressed confidence in navigating the evolving global and domestic landscape, focusing on value chain integration, operational excellence, and leveraging digital technologies for growth.
Source: BSE
