DCM Shriram523367Quarterly results

Q2 FY27 revenue up 22% to ₹3,977 crore; board announces 200% interim dividend

Q2 FY27 consolidated revenue ₹3,977 crore, up 22% YoY from ₹3,272 crore.

By ScoutQuest · Mon 26 Oct 2026, 6:52 PM IST · 3 min read

₹7,541 crore

Q2 FY27₹3,977 croreH1 FY27₹7,541 crore

Consolidated net revenue: ₹3,977 crore (Q2 FY27) and ₹7,541 crore (H1 FY27).

Q2 FY27 consolidated revenue: ₹3,977 crore, up 22% YoY from ₹3,272 crore
Q2 FY27 PAT: ₹106 crore (vs ₹159 crore)
Interim dividend: 200%, amounting to Rs. 62.38 crores

Results at a glance

Q2 FY27 consolidated net revenue, net of excise duty, was ₹3,977 crore, a rise of 22% over ₹3,272 crore in the same quarter last year.
PBDIT for the quarter was ₹319 crore against ₹408 crore a year earlier, a decline of 22%.
Profit After Tax was ₹106 crore against ₹159 crore.
For H1 FY27, revenue rose 15% to ₹7,541 crore from ₹6,534 crore, while PBDIT was ₹683 crore against ₹734 crore.
H1 PAT came in at ₹799 crore against ₹273 crore, and included a favourable tax adjustment of ₹474.3 crore and exceptional gains of ₹79.4 crore. Effective normal PAT was ₹253 crore.

Why quarterly profit was lower even as revenue grew

The company said the fall in quarterly PBDIT mainly reflected higher input costs in Chemicals and lower earnings in the Agri input businesses. It also noted that the same quarter last year had one-time positives: Rs 76 crore of incentive from the Government of Gujarat in the chemicals business and Rs 15.5 crores in the Sugar business from an upward revision in power rates.

Dividend

The Board announced an interim dividend of 200% amounting to Rs. 62.38 crores.

How each business did

Chemicals: revenue grew 47% to ₹1,343 crore, helped by improved ECU realisations and contributions from the advanced materials value chain.
Vinyl: revenue increased 20% to ₹234 crore on improved volumes and realisations.
Sugar & Ethanol: revenue increased 10% to ₹1,023 crore and PBDIT grew 85% to ₹62 crore; ethanol sales volumes rose 24% during the quarter.
Fenesta Building Systems: revenue was up 22% at ₹344 crore and PBDIT up 15% at ₹49 crore, driven by higher volumes in the Projects vertical.
Shriram Farm Solutions: revenue stood at ₹423 crore compared with ₹471 crore, reflecting lower volumes across key categories; eight new products were launched in H1 FY27.
Fertilizer: revenue increased 40% to ₹502 crore and PBDIT grew 25% to ₹25 crore, supported by higher realisations.
Bioseed: revenue stood at ₹73 crore compared with ₹86 crore, with performance impacted by adverse climatic conditions and demand challenges in India and the Philippines.

Plants and projects

During the quarter the company commissioned its 100 TPD Aluminium Chloride plant and partially commissioned its 133 TPD Calcium Chloride plant at Bharuch.
It also commissioned 68 MW (peak) captive renewable energy capacity for Kota in October 2026.
Fenesta's Aluminium Extrusion Plant at Kota, Phase II, is expected to be completed in Q3 FY2027.
The balance second line of the 133 tonnes per day calcium chloride project at Bharuch is expected to be completed in Q3 FY2027.
The proposed acquisition of salt works with a total capacity of 208,000 tonnes per annum is expected to be completed in Q3 FY2027.
A 58 MW (peak) renewable energy project and related infrastructure at Bharuch, under a group captive SPV arrangement, and a 40 MW (peak) solar plant at Kota are each expected to be completed in Q1 FY2028.
Expansion of Formulated Resins capacity by 36,000 tonnes per annum (HSCL) is expected in Q2 FY2028.
Installation of filter presses at the Kota cement plant for waste utilisation is expected in Q3 FY2028.
Specialty polymer compound manufacturing lines at the joint venture Shriram Teknor Limited are expected in Q3 FY2028.
Caustic capacity debottlenecking at Bharuch and Kota is expected in Q4 FY2028.

What a reader can take away

Revenue growth in the quarter came from Chemicals, Vinyl, Sugar & Ethanol, Fenesta and Fertilizer, while quarterly profit was lower year on year. The 200% interim dividend and a series of project completions scheduled between Q3 FY2027 and Q4 FY2028 are the other points to note.

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