DCM Shriram Q2 FY27 Revenue Up 22% to ₹3,977 Cr; Declares 200% Interim Dividend
DCM Shriram reported Q2 FY27 consolidated revenue of ₹3,977 crore, up 22% YoY. H1 FY27 revenue grew 15% to ₹7,541 crore. The company announced an interim dividend of 200% (₹62.38 crore). Key growth drivers included Chemicals, Sugar, Fenesta, and Fertilizers. Several strategic investments and project completions are slated for FY27-FY28.
The announcement includes strong financial performance metrics, a significant dividend payout, and details on strategic investments and project completions, all of which are material to investors and the company's future growth.
The company reported significant revenue growth in Q2 FY27 and H1 FY27, driven by strong performance across key business segments. The declaration of a substantial interim dividend also indicates a positive financial outlook.
DCM Shriram Limited announced its consolidated financial results for the second quarter and half year ended September 30, 2026. The company reported a consolidated net revenue of ₹3,977 crore for Q2 FY27, a 22% increase from ₹3,272 crore in the corresponding quarter last year. This growth was driven by the Chemicals & Vinyl, Sugar & Ethanol, Fenesta Building Systems, and Fertilizer businesses.
PBDIT for the quarter stood at ₹319 crore, a decrease of 22% from ₹408 crore in Q2 FY26, attributed to higher input costs in Chemicals and lower earnings in Agri input businesses. The previous year's quarter also benefited from one-time positive impacts. Profit After Tax (PAT) was ₹106 crore compared to ₹159 crore in the prior year's quarter.
For the first half of FY27 (H1 FY27), consolidated net revenue grew 15% to ₹7,541 crore from ₹6,534 crore in H1 FY26. PBDIT was ₹683 crore compared to ₹734 crore last year. Reported PAT increased to ₹799 crore from ₹273 crore, which included a favorable tax adjustment and exceptional gains.
Key business highlights include a 47% revenue growth in the Chemicals business to ₹1,343 crore, supported by improved ECU realisations and downstream integration. The Vinyl business revenue increased by 20% to ₹234 crore. Sugar & Ethanol revenue grew 10% to ₹1,023 crore, with PBDIT up 85% to ₹62 crore, driven by higher domestic sugar prices and improved ethanol margins.
Fenesta Building Systems recorded revenue of ₹344 crore, up 22%, with PBDIT increasing 15% to ₹49 crore. The Shriram Farm Solutions business revenue was ₹423 crore, reflecting lower volumes. The Fertilizer business revenue increased 40% to ₹502 crore, and PBDIT grew 25% to ₹25 crore. Bioseed revenue was ₹73 crore, impacted by adverse climatic conditions.
The Board announced an interim dividend of 200%, amounting to ₹62.38 crore. The company highlighted strategic investments in advanced materials, downstream chemicals, building materials, and renewable energy, with several projects expected to be completed in FY27 and FY28, including the Fenesta Aluminium Extrusion Plant expansion, Calcium Chloride Project, and a proposed Salt Works acquisition.
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DCM Shriram Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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