DCM Shriram Ltd has reported total income of Rs. 2198.61 crores during the period ended September 30, 2021 as compared to Rs.2064.61 crores during the same period last year..

 

The company has posted profit of Rs.157.87 crores for the period ended September 30, 2021 as against Rs.118.37 crores during the same period last year.

 

Commenting on the performance for the quarter and period ending September 2021, in a joint statement, Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, said: "We are glad to report a good overall performance during the quarter. The businesses environment remains disruptive despite relative normalization of Covid-19 during the quarter, given the global supply chain constraints led by climate induced factors, geo-political reasons and Covid-19.

 

Our Chloro-vinyl businesses have performed better given the improved demand as well as price scenario. However with global increase in energy prices as well as other key inputs, the cost pressures are high. There is significant uncertainty on inputs costs although we are having adequate supplies to ensure continuity of operations. We expect that higher product prices will support the increase in costs.

 

Our Sugar business is operating in a favorable operating environment which is good for the farmers as well as the industry. Although the SAP for Sugarcane has been revised upwards, we hope that product prices will support the increase in SAP. Higher international prices of Sugar augur well for the business.

 

For Agri Input business of Shriram Farm Solutions and Bioseed this is a limited season.

 

Our Investment projects of around Rs. 2,500 crs across businesses are under progress. The second wave of Covid-19 as well as extensive rains have impacted some of the project milestones, however we expect to commission the projects as per plan.

 

Given the health of our balance sheet and operating cash-flow, we will look forward to more growth avenues and enhance our scale, integration, value addition and cost positioning."