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DCM Shriram Q2 results: Profit falls 34% despite revenue growth of 21%; declares dividend - Published OnOct 26, 2026 | 18:09 IST - Last Updated OnOct 26, 2026 | 18:09 IST DCM Shriram posted lower quarterly profits despite robust revenue expansion as core operating margins contracted. The board responded by approving a steady interim dividend alongside heavy capital outlays for solar power, joint venture expansion, and plant debottlenecking. Discover how these strategic investments are expected to curb mounting operational losses at its cement unit. Diversified agri firm DCM Shriram Ltd reported a 34.09% year-on-year decline in net profit to ₹105 crore for the quarter ended September 30, 2026, compared with ₹159 crore in the year-ago period. Revenue from operations rose 21% year-on-year to ₹4,151 crore from ₹3,432 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) declined 5.8% to ₹291 crore from ₹309 crore a year earlier. The EBITDA margin contracted to 7.02% from 9% in the corresponding quarter last year. The company declared an interim dividend of ₹4 per equity share of face value ₹2 each for the financial year 2026-27, equivalent to 200% of the face value. The record date for the dividend is October 30, 2026, and the dividend will be paid to eligible shareholders within 30 days of its declaration. DCM Shriram also approved capital expenditure of up to ₹60 crore to install filter presses at its cement plant in Kota. The project is aimed at mitigating losses at the plant and providing greater operational flexibility in handling sludge. The company plans to invest up to ₹145 crore in a solar power plant at its Kota complex to meet the power requirements of its vinyl plant. The facility is expected to meet power requirements of up to 8 MW, currently met through grid power, at a lower cost per unit than grid electricity. The company will also contribute up to ₹50 crore to Shriram Teknor Ltd, its joint venture with Teknor Apex B.V., towards the joint venture’s planned capital investment of up to ₹133 crore. The investment will fund new manufacturing lines for speciality PVC grades and speciality medical grades, along with diversification into halogen-free flame-retardant grades. The two joint venture partners will contribute ₹50 crore each, with the balance to be funded through internal cash generation and debt. DCM Shriram further plans to spend up to ₹120 crore on purchasing one additional electrolyser each for its Kota and Bharuch caustic plants to debottleneck the facilities. During the quarter, the company commissioned a 15,000-metric-tonne main aluminium extrusion plant at its Fenesta Building System unit in Kota on September 1. The associated surface finish plant is still being installed and commissioned. It also commissioned a 100-tonne-per-day aluminium chloride plant and a 133-tonne-per-day calcium chloride plant at its chemicals complex in Jhagadia, Bharuch district, Gujarat, on September 30. The aluminium chloride commissioning raised capacity at the Bharuch complex to 250 tonnes per day. The remaining 133 tonnes per day of calcium chloride capacity is expected to be commissioned in the third quarter of FY27. DCM Shriram shares closed at ₹972 on October 26, up 0.78%, or ₹7.50, on the NSE. Also read: Aequs Q2 results: Loss widens to ₹52 crore despite 45% revenue growth
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