DCM Shriram Limited has announced its financial results for the first quarter ended June 30, 2026, reporting resilient performance despite a challenging global operating environment marked by geopolitical uncertainties, supply-chain disruptions and an erratic start to the southwest monsoon.

For Q1 FY27, the company reported net revenue, excluding excise duty, of Rs 35.64 billion, up 9 per cent year-on-year. PBDIT increased 12 per cent to Rs 3.64 billion.

Profit after tax stood at Rs 6.93 billion, compared with Rs 1.14 billion in the corresponding quarter last year. PAT included a positive tax adjustment of Rs 4.743 billion following favourable judgements by the Income Tax authority relating to previous years. It also included one-time exceptional gains of Rs 794 million from the sale of land and stake sale for the formation of a joint venture.

Excluding these items, the effective normal PAT for the quarter was Rs 1.47 billion.

Revenue growth was driven by the chemicals business, which increased 33 per cent year-on-year, and Fenesta Building Systems, which grew 22 per cent. The Chemicals and Vinyl segment contributed to the increase in PBDIT, registering growth of 30 per cent.

Commenting on the performance for the quarter ended June 2026, Ajay Shriram, Chairman and Senior Managing Director, and Vikram Shriram, Vice Chairman and Managing Director, said in a joint statement:

“The first quarter of FY27 tested the global economy with a complex mix of geopolitical uncertainties. The ongoing West Asia crisis has disrupted supply chains and energy markets, leading to renewed inflationary pressures and cementing expectations of a prolonged higher interest rate environment. Domestically, we have also faced a highly erratic start to the southwest monsoon, which has placed temporary pressure on rural consumption. However, the broader Indian industrial narrative remains robust, supported by strong domestic fundamentals.

“The Chemicals business delivered a resilient performance despite a challenging global environment. Domestic caustic soda demand remained healthy, while advanced materials operations continued to contribute with steadily improving utilisation rates. Our downstream integration initiatives remain on track, with Aluminium Chloride and Calcium Chloride projects under pre-commissioning trials, further strengthening the portfolio and driving long-term value creation.

“The Sugar and Ethanol businesses remain stable, supported by lower domestic sugar inventories. A global sugar deficit has led to an increase in international prices. However, the long-term viability of the sector, particularly the ethanol-blending ecosystem, still requires decisive and sustained government policy interventions regarding feedstock pricing and alternate usage mandates.

“Our consumer-facing businesses continued to strengthen their market positions during the quarter. Fenesta Building Systems delivered healthy volume-driven growth, while Shriram Farm Solutions effectively managed inventory and supply-chain logistics to navigate a challenging monsoon-led environment.

“With our major capital expenditure cycles transitioning into the commissioning phase, we are focused on capacity ramp-up, deeper value-chain integration and disciplined capital allocation. Our balance sheet remains strong, providing resilience against external volatility and enabling us to pursue growth.

“Sustainability remains embedded in our growth strategy through responsible resource utilisation and energy efficiency improvements across our manufacturing footprint.”