DCMSHRIRAM · Diversified
DCM Shriram Ltd. reported revenue of ₹3,262 cr for April to June 2025, +13.4% on the year and +13.4% on the quarter. Over the last four quarters revenue comes to ₹12,463 cr, +13.1% on the four before.
Operating profit (EBITDA) was ₹304 cr, a margin of 9.3%, +70 bps on the year and −476 bps on the quarter. Over the last 8 quarters the margin has ranged from 4.2% to 14.7%, averaging 10.3%. Operating costs grew +12.6% against revenue growth of +13.4%, so more of each rupee of sales reached operating profit.
Net profit was ₹114 cr, +14.0% on the year and −36.3% on the quarter, with earnings per share of ₹7.27. Profit before other income, one-offs and tax grew 12.1%, so the profit growth came from the business itself. The tax rate of 33% is in line with its recent average. Profit over the last four quarters totals ₹618 cr, +26.1% on the four before.
On earnings per share of ₹39.58 over the last four quarters, the stock at ₹908.00 trades at 22.9 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹3,035 cr | ₹2,399 cr | ₹2,876 cr | ₹2,957 cr | ₹3,367 cr | ₹2,877 cr | ₹3,262 cr | ₹3,272 cr | ₹3,811 cr | ₹3,193 cr | ₹3,564 cr | ₹3,977 cr |
| YoY | — | — | +3% | +9% | +11% | +20% | +13% | +11% | +13% | +11% | +9% | +22% |
| EBITDA margin | 14.7% | 11.0% | 8.6% | 6.1% | 14.7% | 14.1% | 9.3% | 9.4% | 14.0% | 11.1% | 9.5% | 7.3% |
| Other income, % of PBT | 9% | 14% | 16% | 56% | 11% | 8% | 13% | 40% | −8% | 31% | 39% | 18% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 38% | 33% | 37% | 34% | 32% | 34% | 33% | 35% | 34% | −46% | — | 31% |
| Net profit | ₹240 cr | ₹118 cr | ₹100 cr | ₹63.0 cr | ₹262 cr | ₹179 cr | ₹114 cr | ₹159 cr | ₹213 cr | ₹371 cr | ₹693 cr | ₹106 cr |
| YoY | — | — | +75% | +97% | +9% | +52% | +14% | +152% | −19% | +107% | +508% | −33% |
| Core profit YoY | — | — | +91% | +68% | −3% | +63% | +12% | +250% | +1% | −29% | +13% | −15% |
| EPS | ₹15.42 | ₹7.55 | ₹6.43 | ₹4.03 | ₹16.81 | ₹11.47 | ₹7.27 | ₹10.13 | ₹13.60 | ₹23.72 | ₹44.42 | ₹6.72 |
| Flags | · | · | ✓ | 3 | ✓ | ✓ | ✓ | ✓ | ✓ | 4 | 2 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
DCM Shriram Ltd. reported revenue of ₹3,262 cr (+13.4% on the year) and net profit of ₹114 cr (+14.0% on the year) for April to June 2025.
Profit before other income, exceptional items and tax moved +12.1% on the year, against +14.0% for reported profit.
None of the 7 checks that could run raised a question.
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