New Delhi: DCM Shriram Ltd., a diversified conglomerate with operations across Chemicals, Vinyl, Agri, and Building Materials, has reported robust financial performance for the quarter and half year ended September 30, 2025 (Q2 & H1 FY26). The company posted strong revenue growth and a sharp rise in profitability, led by its Chemicals and Shriram Farm Solutions segments.
Q2 FY26 Highlights (Consolidated):
- Revenue from operations rose 10% YoY to ₹3,432 crore
- PBDIT surged 74% YoY to ₹408 crore
- PAT jumped 152% YoY to ₹159 crore
- Interim dividend declared at 180%, amounting to ₹56.14 crore
Segment Performance:
Chemicals:
Revenue grew 50% YoY to ₹913 crore, with PBDIT up 195% to ₹254 crore. Growth was driven by a 22% increase in caustic volumes and improved ECU margins. The company commissioned a 35,000 TPA Epichlorohydrin (ECH) facility and completed the acquisition of Hindusthan Specialty Chemicals Ltd. (HSCL), marking its entry into advanced materials. Recent projects in Hydrogen Peroxide, Aluminium Chloride, and Refined Glycerin also supported growth. A proposed ₹175 crore acquisition of salt works (2.1 lakh MTPA capacity) is expected to meet 13% of the company’s salt demand, enabling backward integration.
Sugar & Ethanol:
Revenue declined 6% YoY due to lower sales volumes, but PBDIT rose 143% to ₹33 crore, supported by higher ethanol margins and revised power tariffs by UPPCL.
Shriram Farm Solutions (SFS):
SFS posted 27% revenue growth to ₹471 crore and a 47% rise in PBDIT to ₹106 crore. The growth was led by research wheat and crop protection verticals. SFS launched 11 new products in H1 FY26, including four developed through in-house R&D.
Fenesta Building Systems:
Revenue increased 28% to ₹283 crore, with the order book up 71% YoY. Fenesta continues to diversify into aluminium, façade, and hardware solutions, expanding its footprint across 975 Indian cities and four international markets.
Bioseed:
The segment experienced seasonal moderation in domestic volumes but maintained momentum through continued investment in next-generation seeds and R&D.
H1 FY26 Snapshot (Consolidated):
- Revenue from operations: ₹6,888 crore (+11% YoY)
- PBDIT: ₹734 crore (+44% YoY)
- PAT: ₹273 crore (+67% YoY)
Strategic Investments & Outlook:
DCM Shriram has completed several high-impact investments across FY25 and FY26, including:
- 850 TPD Caustic Soda expansion and 120 MW power plant at Bharuch
- 52,500 TPA Hydrogen Peroxide plant at Bharuch
- 2,100 TCD Sugar capacity expansion at Loni (UP)
- 12 TPD Compressed Bio-Gas (CBG) plant at Ajbapur
- Acquisition of 53% stake in DNV Global Pvt Ltd. for Fenesta hardware
- 100% acquisition of HSCL for epoxy and derivatives
- Commissioning of 35,000 TPA ECH plant at Bharuch (17,000 TPA balance capacity to follow)
Ongoing Projects:
- Fenesta Aluminium Extrusion Plant (Kota)
- 68 MW Captive Renewable Energy Project (Kota) with JSW Renewables
- 100 TPD Aluminium Chloride and 225 TPD Calcium Chloride plants (Bharuch)
- Proposed Salt Works acquisition
Sustainability Focus:
DCM Shriram continues to integrate sustainability into its growth strategy, with 35% green energy share, 10x water conservation ratio, and circular operations. The company aims to deliver responsible, technology-driven value across its portfolio despite global macroeconomic challenges.
