New Delhi : DCM Shriram Ltd posted 56 per cent increase in its consolidated net profit to Rs 177.33 crore for the quarter ended on June 30 on account of higher income.
The company had posted net profit of Rs 113.84 crore for the same quarter last year. Total income rose to Rs 1,719.01 crore from Rs 1,572.88 crore in the same period 2012-13, the company said in a BSE filing. “All segments except Sugar have reported improved performance with higher profits, Shriram Farm solutions had lower growth due to weak monsoons,” DCM Shriram Ltd Chairman and Senior Managing Director Ajay Shriram and Vice Chairman and Managing Director Vikram Shriram said in a joint statement. The performance of Bioseed business has been very encouraging. The new Cotton seed products are gaining acceptance in south and central India and are expected to drive growth going forward.