DCM Shriram Q4FY23 Profit Declines 53.5% YoY on Weak Topline

DCM_Shriram

DCM Shriram, an Indian chemicals firm, has experienced a significant drop in its consolidated profit for the quarter ending March FY23. The figure now stands at Rs 186.67 crore, marking a decline of 53.5% YoY. This decrease is attributed to weak topline and operating margin pressures. The company’s Q4FY23 revenue from operations has fallen by 0.85% YoY to Rs 2,849 crore, primarily due to lower growth in the chloro-vinyl segment. Furthermore, DCM Shriram’s EBITDA has plummeted by 45.4% to Rs 346.22 crore with a margin decline of 993 bps YoY to 12.15% in Q4FY23. These results illustrate the challenges faced by the company amidst difficult market conditions.