DCM Shriram Ltd. announces its Q4 and FY 17 financial results

Posted by: at 5/01/2017 06:03:00 am
DCM Shriram Ltd. announces its Q4 and FY 17 financial results
FY 17 Net Profit up 83% at Rs. 552 cr (LY: Rs. 302 cr) Q4 FY 17 Net Profit at Rs. 156 cr (LY: Rs. 55 cr)

HIGHLIGHTS (FY 17)

Ø Completed capacity expansion projects for Chlor-Alkali (incl. captive power) at Bharuch & Power Co-gen at Sugar business Total investments Rs. ~700 cr

Ø Sugar business Revenue up 65% at Rs. 1,601 cr and PBIT at Rs. 315 cr vs Rs. 88 cr LY
§    Led by higher volumes, better margins and higher power sales

Ø Chemicals Business revenue up 22% at Rs. 1,012 cr and PBIT at Rs. 289 cr vs Rs. 245 cr LY
§    Led by higher volumes

Ø Projects for setting up 150 KLD distillery and expansion in Chemicals at Kota (Total investments of Rs 282.5 cr) progressing as per schedule. Commissioning in Q4 FY 18

Ø The board recommended a final dividend of 40%. The total dividend in FY17 is 290% vs 160% in FY 16


New Delhi, 1st May 2017: DCM Shriram Ltd. announced its Q4 & FY17 financial results today.

Q4 and FY17 - Key Financials

                                                                                                   [Rs.cr]

Q4
FY

FY16
FY17
% Change
FY16
FY17
% Change
Total Revenue
1,392
1,723
23.7
6,071
6,164
1.5
PBDIT
134
236
76.5
546
818
49.9
PBIT
111
204
84.2
448
705
57.3
Finance Cost
19
22
13.4
85
71
(16.4)
PAT
55
156
186.7
302
552
82.8



Key Developments and Outlook FY 17


1 Total Revenues stood at Rs. 6164.0 cr vs Rs. 6070.9 cr last year

a. Revenues excluding DAP / MOP (suspended DAP/MOP trading in current year) grew by 14% YoY

b. Sugar Business revenue was up 65% to Rs 1601 cr with higher volumes and realizations

c. Chemicals business revenue grew by 22% to Rs 1012 cr driven by higher volumes from expanded capacity at the Bharuch (Gujarat) plant



2. PBDIT improved to Rs. 817.9 cr up 50%, driven by

a.   Sugar Business Higher volumes of sugar & power and better margins b  Chemicals Business - Higher volumes
c Bioseed India, Fenesta, Cement and Fertilizer businesses also contributed to the improvements in higher earnings

d Overall PBDIT margins improved to ~13% from ~9% last year

e.   Rising Coal, Carbon material costs and low prices of Chlorine restricted the improvements


3 PAT increased to Rs 551.7 cr, up 83% from Rs 301.8 cr in FY 16

4 EPS for the year at Rs 34.0 up from Rs 18.6 in FY 16

5 Net Debt as on March 31, 2017 stood at Rs. 928 cr vs. Rs 1057 cr as on March 31, 2016. Net Debt to equity stood at 0.37x as on March 31, 2017 vs 0.51x as on March 31, 2016.

6 Projects Completed in FY 17 at an investment of ~ Rs. 700 cr.

a.   Chemical capacity increased from 780 tpd


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