DCM Shriram April-June Net Profit Up 13% On Year; Margin Hit By Higher Costs

DCM Shriram Ltd. posted a 13% on-year rise in consolidated net profit for the June quarter at ₹1.13 billion, driven by higher revenue. Revenue from operations rose 13.4% on year to ₹32.62 billion. On a sequential basis, profit dropped 36.6% even as revenue rose at the same pace.

Total expenditure rose to ₹33.07 billion from ₹29.41 billion a year ago. Finance cost jumped 51.5% on year to ₹440.4 million, weighing on margins. Other income declined to ₹222.2 million from ₹258.8 million. Tax outgo stood at ₹563.4 million, marginally lower than the ₹580.3 million a year ago.