Q2 2025 DCM Shriram Ltd Earnings Call Transcript
Key Points
- DCM Shriram Ltd (BOM:523367) reported a 9% year-on-year increase in net revenues for Q2 FY25, driven by growth across multiple business segments.
- The company achieved a 73% year-on-year increase in PBDIT for Q2 FY25, primarily due to lower input prices and improved efficiencies.
- The chemicals segment saw a 19% increase in revenue year-on-year, supported by a 16% rise in caustic soda volumes.
- DCM Shriram Ltd is investing in renewable energy, adding about 74 megawatts to reduce its carbon footprint.
- The company is focusing on strategic integration in its operations, both upstream and downstream, to bolster resilience and secure a competitive edge.
- The Indian caustic industry is facing oversupply issues, leading to lower chlorine prices and impacting profitability.
- PVC imports from China are increasing, accounting for approximately 70% of total demand in India, which could pressure domestic producers.
- The company's net debt increased to INR302 crores as of September 2024, due to capital expenditure and higher sugar inventory.
- Chlorine prices have been volatile, with significant negative pricing impacting the chemical segment's profitability.
- The building systems segment experienced a 6% moderation in PBDIT due to higher fixed expenses for future growth.
Ladies and gentlemen, good day and welcome to the DCM Shriram Limited Q2 FY25 earnings conference call.
As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during this conference? Please signal an operator by pressing star and then zero on your touchtone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr Siddharth Rangnekar from Citigate Dewe Rogerson. Thank you and over to you Mr Rangnekar.
Thank you, Dan. Good afternoon, and welcome to DCM Shriram Limited's quarter to FY25 earnings conference call. Today we have with us Mr Ajay Shriram, Chairman and senior managing director, Mr Vikram Shriram, Vice Chairman and managing director, Mr Ajit Shriram, joint managing director and Mr Amed Agrawal Group CFO of the company.
We shall comment with remarks from Mr Ajay Shriram and
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