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Diversified conglomerate DCM Shriram on Wednesday reported a 477 per cent increase in net profit at ₹293 crore in the fourth quarter of the 2018-19.
Net revenue jumped 21 per cent to .1,888 crore over the corresponding quarter in the preceding year. The net revenues and net profit during the corresponding quarter in the previous fiscal were at ₹1,566 crore and ₹51 crore, respectively.
The performance in Q4 helped the company post a profit of .906 crore for the full fiscal — up 35 per cent from the ₹670 crore registered in 2017-18. The net revenue during 2018-19 went up by 13 per cent to ₹7,771 crore compared to ₹6,900 crore yearon-year, a statement issued by the company said.
The quarter under review also saw the sugar business posting a 68 per cent increase in revenues to ₹637 crore.
Its chemical and fertiliser business segments, too, registered 14 per cent and 20 per cent growth in revenues to ₹676 crore and ₹267 crore respectively.
The board also recommended a final dividend of 80 per cent, taking the total dividend for the previous financial year to 490 per cent. Last year, the company gave out a total dividend of 410 per cent.
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