DCM Shriram Industries Q1 net dips marginally to Rs 32.58 cr

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New Delhi | Published: August 22, 2017 5:56:16 PM

DCM Shriram Industries today posted a marginal decline in net profit at Rs 32.58 crore for the quarter ended June 30.

DCM Shriram Industries, net decline, decline in net profit, net profit dips, BSE filing, shares dropDCM Shriram Industries today posted a marginal decline in net profit at Rs 32.58 crore for the quarter ended June 30. (Reuters)

DCM Shriram Industries today posted a marginal decline in net profit at Rs 32.58 crore for the quarter ended June 30. Its net profit stood at Rs 32.83 crore in the year-ago period, the company said in a BSE filing. Total income increased to Rs 497.63 crore in the said quarter from Rs 408.25 crore in the year-ago period. However, expenses remained high at Rs 457.16 crore as against Rs 365.20 crore earlier.

The company is engaged in manufacturing of sugar, chemical, industrial fibre and related products. Its shares fell 1.16 per cent to settle at Rs 319.85 a piece on BSE today.

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