DCM Shriram Reports 9% Revenue Growth and 12% Increase in PBDIT for Q1 FY27 on Consolidated Basis

DCM Shriram Reports 9% Revenue Growth and 12% Increase in PBDIT for Q1 FY27 on Consolidated Basis​

New Delhi, July 28, 2026: DCM Shriram Ltd has announced its financial results for the first quarter of Fiscal Year 2027 (Q1 FY27), reporting a resilient performance despite a challenging global operating environment characterized by geopolitical uncertainties, supply chain disruptions, and an erratic start to the southwest monsoon.

For Q1 FY27, the Company reported Net Revenue (Net of excise duty) of ₹3,564 crore, marking a 9% increase year-on-year. Profit Before Depreciation and Interest (PBDIT) saw a 12% rise, reaching ₹364 crore. The Profit After Tax (PAT) stood at ₹693 crore, significantly higher than the ₹114 crore recorded in the corresponding quarter last year.

The increased PAT includes positive tax adjustment of Rs 474.3 crores stemming from favorable judgements by the Income Tax authority related to previous years, alongside one-time exceptional items totaling Rs 79.4 crore profit from the sale of land and a stake sale for Joint Venture formation. Excluding these non-recurring items, the effective normal PAT for the quarter was ₹147 crore.

The growth in revenue was primarily driven by chemicals (which grew by 33% year-on-year) and Fenesta Building Systems (up 22% YoY). The rise in PBDIT was fueled by the Chemicals & Vinyl segment, which saw a 30% increase.

Operational Outlook and Business Strengths​

In a joint statement, Mr Ajay Shriram, Chairman and Senior Managing Director, and Mr Vikram Shriram, Vice Chairman and Managing Director, commented on the performance. They noted that the first quarter of FY27 tested the global economy with a complex mixture of geopolitical uncertainties. The ongoing West Asia crisis was highlighted as having disrupted supply chains and energy markets, reinforcing inflationary pressures and sustained expectations of a prolonged high interest rate environment.

Domestically, while the start of the southwest monsoon proved erratic and placed temporary pressure on rural consumption, the broader Indian industrial narrative remained robust, supported by strong domestic fundamentals.

The Chemicals business demonstrated resilience despite the challenging global climate. Domestic caustic soda demand remained healthy, while advanced materials operations contributed with steadily improving utilization rates. The company’s downstream integration initiatives are progressing, with Aluminum Chloride and Calcium Chloride projects undergoing pre-commissioning trials to strengthen its portfolio and drive long-term value creation.

The Sugar and Ethanol businesses were stable, supported by lower domestic sugar inventories and increased global prices due to the global sugar deficit. Management stressed that the long-term viability of the sector requires decisive government policy interventions regarding feedstock pricing and alternate usage mandates for ethanol blending.

Regarding company operations, Fenesta Building Systems achieved healthy volume driven growth, while Shriram Farm Solutions successfully navigated the monsoon-led environment by effectively managing inventory and supply chain logistics. The company affirmed that its balance sheet remains strong, enabling resilience from external volatility and supporting disciplined capital allocation as major capex cycles transition into commissioning.

Segment Performance Highlights (Q1 FY27)​

The financial performance across segments is detailed below:


Note: Sugar & Ethanol revenue is net of excise duty, where the previous year's figure was ₹193 crore. All figures are in Rs/Cr.

DCMSHRIRAM Stock Price Movement​

Today, shares of DCM Shriram Limited edged higher following the market close, settling at ₹1,049.90 and gaining 1.66%. The stock saw a solid day of trading activity, with 141,913 shares transacted during the session.