SME Times News Bureau | 02 May, 2015
Chemicals and agro business company, DCM Shriram on Friday said its net profit in fiscal 2014-15 decreased by 13 percent at Rs.210.8 crore against Rs. 242.4 crore during 2013-14.
Net revenues for the firm were lower by 8.8 percent at Rs.5,639.2 crore during the period under review against Rs. 6182 during 2013-14.
The company attributed the financial performance for 2014-15 to "lower sales of sugar and bulk fertilisers".
In a financial report, the company said: "Overall performance of Bioseed improved with robust performance of BT cotton in Kharif (during) 2014 in India".
The PBDIT (profit before depreciation, interest, and taxes) of the company fell sharply by 19.43 percent at Rs.450.3 crore vis-a-vis Rs.558.9 crore during 2013-14.
The company said its net debt as on March 31, 2015 stood at Rs. 688 crore against Rs.683 crore on March 31, 2014.
