DCM Shriram Shares to Trade Ex-Date on January 24: Interim Dividend of ₹3.60

On January 24, 2025, DCM Shriram shares to trade ex-date, meaning that the shareholders registered in the company’s books will be eligible for the ₹3.60 interim dividend. On January 18, 2025, the company declared its 2nd interim dividend of ₹3.60 for the FY25.

DCM Shriram Dividend History

DCM Shriram Q3FY25 Business Segment Performance

The Company’s Chloro-Vinyl business operates with highly integrated processes, generating multiple revenue streams. It benefits from 344 MW of captive power generation across both locations, along with 44 MW (peak) of renewable power capacity at Bharuch. Additionally, 6.6 MW of renewable capacity is being added at the Bharuch site.

In Q3 FY25, the Chemical business saw a 35% YoY increase in revenues (24% increase for 9M FY25 compared to the previous year). Caustic volumes rose by 21% for Q3 (18% increase for 9M FY25, 9% QoQ growth), driven by additional capacity. ECU prices for Q3 grew by 12% YoY (3% increase for 9M FY25, 13% QoQ rise).

The Vinyl business achieved a 95% capacity utilisation in Q3 FY25, compared to 60% in the same period last year (90% for 9M FY25 vs. 80% in the previous year), primarily due to last year’s maintenance shutdown. Revenue for Q3 FY25 increased by 26% YoY (7% growth for 9M FY25).

The Sugar & Ethanol business reported flat revenues of Rs 890 crore for Q3 FY25 (1% growth for 9M FY25). Domestic sugar prices declined to Rs 3,836 per quintal in Q3 (Rs 3,954 in the same period last year), with a 6% decrease in domestic sugar volumes for Q3 due to reduced releases (9M FY25 volumes were stable at 46.2 lakh quintals). Ethanol prices rose by 12% in Q3 FY25, driven by grain (maize)-based operations (9M FY25 saw a 9% increase compared to the previous year).

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