DCM Shriram Ltd

DCM Shriram Q2 FY '26: Revenue Up 11%, PBDIT Jumps 74% 📈

- Net revenues for Q2 FY '26 increased by 11% YoY to ₹3,272 crore.

- PBDIT rose 74% YoY to ₹408 crore, led by Chemicals (+195%) and Shriram Farm Solutions (+47%).

- Chemicals business revenue up 50%, with caustic soda volumes rising 22%.

- Vinyl business revenue grew 15%, but PBDIT dipped to ₹12 crore due to lower prices.

- Sugar & Ethanol revenue fell 6%, but PBDIT improved to ₹33 crore (vs. ₹14 crore last year).

- Fenesta Building Systems revenue up 28%, though margins were pressured.

- Fertilizer revenue declined 8%, with PBDIT down 18%.

- Bioseed revenue dropped to ₹86 crore (vs. ₹159 crore last year).

- Net debt rose to ₹773 crore (from ₹302 crore) due to capex and acquisitions.

- New 35,000-ton Epichlorohydrin (ECH) facility commissioned in Bharuch.

- Approved acquisition of Salt works in Gujarat (2.1 lakh metric tons/year capacity).

- Acquired Hindusthan Speciality Chemicals Limited.

- Interim dividend of 180% (₹56.14 crore) announced.