DCM Shriram shares jump 7% as Q2 EBITDA surges 71%, margin expands

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.