DCM Shriram Q2 results, quarter to Sep 2026

NSE: DCMSHRIRAMBSE: 523367DiversifiedSmall Cap

DCM Shriram Limited · Formerly DCM Shriram Consolidated · Face value ₹2 · Listed Mar 1991 on BSE, Apr 1995 on NSE

₹912.50₹1.45 (0.16%)BSE ₹914.40

Share price at the NSE close on 28 Oct 2026. Previous close ₹913.95.

28 Oct: open ₹913.95, high ₹928.00, low ₹890.80

52-week range of traded prices to 28 Oct 2026

₹886.30Low, 1 Oct 2026₹1,409.00High, 29 Oct 2025

Market cap: ₹14,230 Cr381st largest listed
P/E: 10.31
P/B: 1.68
Dividend yield: 1.23%
ROE: 17.6%
ROCE: 9.5%
Debt to equity: 0.22
Volume, NSE: 69,860

DCM Shriram filed its Q2 results for the quarter to Sep 2026 on 26 Oct 2026 at 7:43 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.DCM Shriram annual results and balance sheet

Revenue: ₹4,151 Cr+20.9% on a year ago · +9.7% on the quarter before
Operating profit: ₹291 Cr−5.7% on a year ago · −13.4% on the quarter before
Net profit: ₹106 Cr−33.4% on a year ago · −84.8% on the quarter before
Earnings per share: ₹6.72−33.7% on a year ago · −85.0% on the quarter before
Operating margin: 7.0%
Net margin: 2.5%

From revenue to net profit, ₹ crore

Revenue4,151
Materials and goods−2,217
Employee costs−338
Other expenses−1,305
Operating profit291
Depreciation−131
Other income+27
Finance costs−35
Profit before tax152
Tax−48
Joint ventures+1.1
Net profit106

DCM Shriram results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Peak revenue ₹4,151 Cr, quarter to Sep 2026; lowest ₹2,531 Cr, quarter to Mar 2024

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1Filed 24 Jul	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4	Jun 2025Q1Filed 21 Jul	Sep 2025Q2	Dec 2025Q3Filed 20 Jan	Mar 2026Q4	Jun 2026Q1Filed 28 Jul	Sep 2026Q2
Revenue from operations	2,791	2,873	2,972	2,875	3,384	2,849	2,937	2,825	3,138	2,531	3,073	3,130	3,519	3,019	3,455	3,432	4,003	3,373	3,785	4,151
	2,202	2,239	2,536	2,605	2,829	2,502	2,771	2,711	2,692	2,266	2,825	2,949	3,023	2,614	3,152	3,123	3,472	3,020	3,448	3,859
Materials and goods bought	1,187	1,205	1,383	1,451	1,607	1,233	1,548	1,564	1,584	1,109	1,601	1,686	1,694	1,307	1,701	1,762	1,988	1,547	1,877	2,217
Employee costs	202	197	213	221	225	231	243	244	258	239	261	262	265	282	318	306	318	318	335	338
Other expenses	813	837	940	933	997	1,039	980	903	850	918	963	1,001	1,064	1,025	1,132	1,055	1,165	1,155	1,236	1,305
Operating profit before depreciation	589	635	436	270	554	346	166	114	445	265	248	181	496	405	304	309	532	353	337	291
Operating margin	21.1%	22.1%	14.7%	9.4%	16.4%	12.2%	5.7%	4.0%	14.2%	10.5%	8.1%	5.8%	14.1%	13.4%	8.8%	9.0%	13.3%	10.5%	8.9%	7.0%
Depreciation and amortisation	61	61	61	63	66	71	72	74	77	80	86	101	109	114	112	119	134	138	128	131
Other income	25	28	28	32	33	26	17	22	35	24	26	54	41	21	22	99	29	47	28	27
Finance costs	17	17	17	11	13	12	25	15	15	32	29	38	43	43	44	43	49	40	41	35
Profit before one-off items and tax	536	585	387	228	509	289	86	47	389	177	158	96	386	270	170	246	377	222	195	152
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−55	32	79	0
Profit before tax	536	585	387	228	509	289	86	47	389	177	158	96	386	270	170	246	322	254	274	152
	186	183	133	100	167	103	29	15	148	59	58	33	123	91	56	87	110	−117	−418	48
Current tax	182	181	98	50	91	47	15	9	78	96	28	17	69	47	31	49	58	55	−59	36
Deferred tax	4	2	35	50	76	55	14	6	71	−37	30	16	54	43	25	38	52	−172	−359	12
Tax rate	34.8%	31.4%	34.3%	43.8%	32.8%	35.5%	34.2%	32.1%	38.1%	33.3%	36.7%	34.3%	32.0%	33.7%	33.1%	35.4%	34.1%	−46.1%	−152.5%	31.4%
Share of profit of joint ventures and associates	0	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1
	350	401	254	128	342	187	57	32	240	118	100	63	262	179	114	159	213	371	693	106
Belonging to the company's shareholders	350	401	254	128	342	187	57	32	240	118	100	63	262	179	113	158	212	370	693	105
Belonging to outside owners of subsidiaries	–	–	0	0	0	–	–	0	0	–	0	0	0	–	0	1	1	1	–	1
Other comprehensive income	−3	−2	−10	3	16	5	−2	−2	1	−6	−6	3	−2	−1	1	1	0	3	−2	0
Total comprehensive income	346	400	244	131	358	191	55	31	242	112	95	66	260	178	115	160	212	373	691	106
Net margin	12.5%	14.0%	8.5%	4.5%	10.1%	6.6%	1.9%	1.1%	7.7%	4.7%	3.3%	2.0%	7.4%	5.9%	3.3%	4.6%	5.3%	11.0%	18.3%	2.5%
Net margin without joint ventures and associates	12.5%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	18.3%	2.5%
Earnings per share	₹22.43	₹25.73	₹16.29	₹8.22	₹21.94	₹11.97	₹3.63	₹2.07	₹15.42	₹7.55	₹6.43	₹4.04	₹16.81	₹11.47	₹7.27	₹10.14	₹13.59	₹23.71	₹44.72	₹6.72
Diluted earnings per share	₹22.43	₹25.73	₹16.29	₹8.22	₹21.94	₹11.97	₹3.63	₹2.07	₹15.42	₹7.55	₹6.43	₹4.04	₹16.81	₹11.47	₹7.27	₹10.14	₹13.59	₹23.71	₹44.42	₹6.72

Earnings per share in rupees, restated for later splits and bonuses.

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.DCM Shriram segment results by year

Chemicals and Vinyl
Revenue, ₹ crore
1,114
1,108
1,122
1,307
1,392
1,577
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
185
201
50
124
243
134
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Sugar and Ethanol
Revenue, ₹ crore
994
1,011
1,152
1,167
1,042
1,165
1,017
1,094
1,214
1,171
1,032
1,197
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
163
209
11
−14
84
223
−37
2
173
171
−9
30
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Shriram Farm Solutions
Revenue, ₹ crore
596
73
271
372
708
86
350
471
756
113
357
423
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
179
−12
19
71
210
−20
23
105
185
−23
28
76
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Fenesta Building Systems
Revenue, ₹ crore
214
209
205
222
223
218
248
283
287
294
303
344
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
36
35
28
34
35
28
27
35
26
28
31
40
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Bioseed
Revenue, ₹ crore
138
73
218
159
168
103
284
86
194
102
210
73
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
8
−10
27
16
15
0
40
−9
28
−10
−11
−43
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Others
Revenue, ₹ crore
142
140
128
63
79
87
77
56
71
82
81
62
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
4
7
1
−5
−3
4
−1
−9
−6
3
−6
−8
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Fertiliser
Revenue, ₹ crore
433
502
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
19
21
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26

₹ crore	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue of all businesses	3,164	2,552	3,108	3,147	3,535	3,033	3,481	3,455	4,018	3,391	3,807	4,178
Company revenue, as in its results	3,138	2,531	3,073	3,130	3,519	3,019	3,455	3,432	4,003	3,373	3,785	4,151
Revenue	–	–	–	–	–	–	1,114	1,108	1,122	1,307	1,392	1,577
Revenue growth	–	–	–	–	–	–	–	–	–	–	25.0%	42.2%
Profit	–	–	–	–	–	–	185	201	50	124	243	134
Profit growth	–	–	–	–	–	–	–	–	–	–	31.4%	−33.4%
Margin	–	–	–	–	–	–	16.6%	18.1%	4.5%	9.5%	17.4%	8.5%
Assets	–	–	–	–	–	–	5,334	5,837	6,103	6,315	6,483	6,557
Liabilities	–	–	–	–	–	–	708	733	868	859	957	918
Capital employed	–	–	–	–	–	–	4,626	5,104	5,235	5,455	5,526	5,639
Revenue	994	1,011	1,152	1,167	1,042	1,165	1,017	1,094	1,214	1,171	1,032	1,197
Revenue growth	13.5%	−5.3%	3.3%	7.4%	4.8%	15.2%	−11.7%	−6.3%	16.6%	0.6%	1.4%	9.5%
Profit	163	209	11	−14	84	223	−37	2	173	171	−9	30
Profit growth	100.7%	10.8%	−82.7%	–	−48.4%	6.6%	–	–	105.9%	−23.1%	–	1,217.5%
Margin	16.4%	20.7%	0.9%	−1.2%	8.1%	19.1%	−3.7%	0.2%	14.2%	14.6%	−0.9%	2.5%
Assets	3,217	4,271	3,916	3,106	3,765	4,461	3,912	3,217	3,550	4,160	3,619	2,900
Liabilities	475	537	311	293	470	511	357	357	618	449	387	378
Capital employed	2,742	3,733	3,605	2,813	3,295	3,950	3,555	2,860	2,931	3,712	3,232	2,522
Revenue	596	73	271	372	708	86	350	471	756	113	357	423
Revenue growth	16.5%	10.8%	14.8%	32.8%	18.8%	16.7%	28.9%	26.7%	6.8%	31.5%	2.2%	−10.2%
Profit	179	−12	19	71	210	−20	23	105	185	−23	28	76
Profit growth	25.9%	–	78.0%	63.0%	17.5%	–	20.2%	48.2%	−11.8%	–	22.8%	−27.1%
Margin	30.0%	−16.0%	7.0%	19.0%	29.7%	−23.9%	6.5%	22.2%	24.5%	−20.7%	7.8%	18.0%
Assets	296	259	461	565	347	296	669	720	457	353	718	850
Liabilities	258	202	375	843	284	232	498	951	378	319	577	1,113
Capital employed	37	57	86	−278	63	64	171	−231	79	34	141	−263
Revenue	418	354	328	387	383	363	390	357	374	323	–	–
Revenue growth	−35.9%	−17.4%	−13.2%	5.1%	−8.4%	2.5%	18.9%	−7.7%	−2.3%	−11.0%	–	–
Profit	23	−6	20	21	26	6	35	17	16	23	–	–
Profit growth	−74.7%	–	−1.0%	26.9%	13.1%	–	74.9%	−20.7%	−39.4%	268.1%	–	–
Margin	5.4%	−1.7%	6.0%	5.5%	6.7%	1.7%	8.9%	4.7%	4.1%	7.1%	–	–
Assets	287	343	411	284	390	417	525	430	372	472	–	–
Liabilities	333	248	293	301	287	301	264	281	286	309	–	–
Capital employed	−46	94	118	−17	103	116	261	149	86	162	–	–
Revenue	214	209	205	222	223	218	248	283	287	294	303	344
Revenue growth	–	21.2%	7.0%	6.0%	4.5%	4.4%	21.2%	27.8%	28.4%	34.4%	22.0%	21.6%
Profit	36	35	28	34	35	28	27	35	26	28	31	40
Profit growth	–	25.0%	−17.6%	−11.6%	−4.0%	−21.6%	−4.4%	1.4%	−25.7%	0.9%	13.2%	13.9%
Margin	16.9%	16.9%	13.8%	15.4%	15.5%	12.7%	10.9%	12.3%	9.0%	9.5%	10.1%	11.5%
Assets	381	358	354	360	384	395	522	569	615	675	747	807
Liabilities	312	312	329	342	339	359	393	414	421	452	481	479
Capital employed	69	45	25	18	45	36	128	156	194	223	266	328
Revenue	138	73	218	159	168	103	284	86	194	102	210	73
Revenue growth	29.2%	−12.3%	2.6%	24.1%	21.9%	40.5%	30.2%	−45.7%	15.6%	−1.4%	−26.1%	−14.8%
Profit	8	−10	27	16	15	0	40	−9	28	−10	−11	−43
Profit growth	210.5%	–	23.6%	2,231.9%	91.4%	–	49.9%	–	85.0%	–	–	–
Margin	5.8%	−14.2%	12.2%	10.1%	9.1%	0.0%	14.0%	−10.1%	14.6%	−9.9%	−5.2%	−58.6%
Assets	625	661	666	697	719	802	871	865	884	939	1,118	1,047
Liabilities	156	233	180	161	172	273	220	206	173	243	316	157
Capital employed	469	428	486	536	547	529	651	659	711	696	802	890
Revenue	142	140	128	63	79	87	77	56	71	82	81	62
Revenue growth	–	0.9%	−8.0%	−49.5%	−44.0%	−37.9%	−39.4%	−12.3%	−10.3%	−5.3%	4.0%	11.1%
Profit	4	7	1	−5	−3	4	−1	−9	−6	3	−6	−8
Profit growth	–	–	22.2%	–	–	−31.7%	–	–	–	−40.8%	–	–
Margin	3.2%	4.7%	0.9%	−7.4%	−3.6%	5.2%	−0.8%	−16.6%	−9.1%	3.2%	−7.4%	−12.5%
Assets	202	205	205	104	110	92	93	96	101	104	104	107
Liabilities	83	86	82	61	57	52	52	58	52	66	67	65
Capital employed	119	120	123	43	53	39	41	38	49	38	37	42
Revenue	–	–	–	–	–	–	–	–	–	–	433	502
Profit	–	–	–	–	–	–	–	–	–	–	19	21
Margin	–	–	–	–	–	–	–	–	–	–	4.5%	4.3%
Assets	–	–	–	–	–	–	–	–	–	–	605	852
Liabilities	–	–	–	–	–	–	–	–	–	–	225	369
Capital employed	–	–	–	–	–	–	–	–	–	–	380	483
Revenue	663	691	805	777	932	1,011	–	–	–	–	–	–
Revenue growth	−30.9%	−24.7%	14.9%	18.4%	40.5%	46.3%	–	–	–	–	–	–
Profit	25	33	139	50	90	126	–	–	–	–	–	–
Profit growth	−88.0%	−77.3%	3,900.3%	203.3%	258.1%	277.9%	–	–	–	–	–	–
Margin	3.8%	4.8%	17.2%	6.4%	9.6%	12.5%	–	–	–	–	–	–
Assets	4,583	4,674	4,857	4,983	5,004	5,148	–	–	–	–	–	–
Liabilities	595	621	618	586	654	727	–	–	–	–	–	–
Capital employed	3,988	4,053	4,239	4,398	4,350	4,421	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

DCM Shriram results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Chemicals and Vinyl

Sugar and Ethanol

Shriram Farm Solutions

Fenesta Building Systems

Bioseed

Others

Fertiliser