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What is the story about?
Shares of DCM Shriram Ltd. climbed more than 7% on Wednesday, October 29, after the company reported strong earnings for the September quarter, aided by improved performance and recent acquisitions.
Net profit more than doubled to ₹158 crore, against ₹63 crore in Q2FY25.
The company's revenue grew 10.6% year-on-year to ₹3,271 crore, compared to ₹2,957 crore in the same period last year.
EBITDA surged 70.8% to ₹308 crore from ₹181 crore, while operating margins expanded sharply to 9.4% from 6.1% a year ago.
The company said the year-on-year improvement was primarily driven by the acquisition of Hindusthan Specialty Chemicals.
It also announced plans to acquire a salt works unit for ₹175 crore as part of its backward integration strategy.
Net profit more than doubled to ₹158 crore, against ₹63 crore in Q2FY25.
The company's revenue grew 10.6% year-on-year to ₹3,271 crore, compared to ₹2,957 crore in the same period last year.
EBITDA surged 70.8% to ₹308 crore from ₹181 crore, while operating margins expanded sharply to 9.4% from 6.1% a year ago.
The company said the year-on-year improvement was primarily driven by the acquisition of Hindusthan Specialty Chemicals.
It also announced plans to acquire a salt works unit for ₹175 crore as part of its backward integration strategy.
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