DCM Shriram on Tuesday reported a 56% increase in consolidated net profit to R177.33 crore in the quarter ended June on account of higher income.
The company had posted net profit of R113.84 crore in the same quarter last year. Total income in the June quarter rose to R1,719.01 crore from R1,572.88 crore in the same period last year, the company said in a BSE filing.
“We are enthused to begin the new financial year with robust operational and financial performance. All segments except sugar have reported improved performance with higher profits, Shriram Farm solutions had lower growth due to weak monsoons,” DCM Shriram chairman and senior managing director Ajay Shriram and vice-chairman and managing director Vikram Shriram said in a joint statement.