DCM Shriram Industries LimitedQ1 FY27 Results & Financial Update
DCM Shriram Industries Limited: Q1 FY27 standalone results and company financials – revenue ₹293.63 Cr, PAT ₹1.55 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore DCM Shriram Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
DCM Shriram Industries Limited reported revenue from operations of INR 293.63 crore for the quarter ended 30 June 2026, alongside total income of INR 299.80 crore.
Profitability for the quarter moderated significantly compared to preceding periods, with profit before tax settling at INR 1.29 crore and net profit after tax reaching INR 1.55 crore.
Basic and diluted earnings per share for the unannualised period stood at INR 0.18.
Total expenses for the quarter amounted to INR 298.51 crore, driven by inventory adjustments and material consumption costs.
The company recorded a net tax credit of INR 0.26 crore during the period, reflecting adjustments related to modified income tax filings following a corporate restructuring scheme.
Statutory auditors B S R & Co. LLP conducted a limited review of the financial results and issued an unmodified review report.
Profit after tax was ₹1.55 Cr for the reported quarter. EPS was ₹0.18 for the reported quarter.
01 · Business model
What does DCM Shriram Industries do?
DCM Shriram Industries Limited operates primarily in the sugar and distillery sector, which constitutes its single primary business segment as reviewed by the Chief Operating Decision Maker.
The company's economic model centers on the processing of sugarcane, manufacturing of sugar, and production of distillery items such as alcohol and ethanol, selling its output across domestic markets.
Operations are carried out on a standalone basis as the company has no subsidiaries, associates, or joint ventures as of the reporting date.
02 · Historical context
What shaped the business before this quarter
During the previous financial year FY 2025-26, a Composite Scheme of Arrangement became effective, leading to restated earlier period figures across financial statements.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹293.63 Cr |
| Total income | ₹299.80 Cr |
| Profit before tax | ₹1.29 Cr |
| Profit after tax | ₹1.55 Cr |
| EPS | ₹0.18 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 0.5% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 0.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹6.17 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Net sales accounted for INR 292.88 crore out of the total operating revenue of INR 293.63 crore, supplemented by other operating income of INR 0.75 crore.
Non-operating sources contributed INR 6.17 crore, lifting total income to INR 299.80 crore for the quarter.
What drove margins
Cost of materials consumed stood at INR 68.54 crore, while changes in inventories of finished goods, work-in-progress, and stock-in-trade registered a positive adjustment of INR 170.86 crore.
Employee benefits expense was recorded at INR 14.14 crore, and finance costs stood at INR 7.57 crore reflecting debt-servicing obligations.
Depreciation and amortisation expenses amounted to INR 4.49 crore, while other expenses accounted for INR 32.91 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company's business activities fall entirely within a single primary business segment, namely Sugar (including distillery), based on management's internal reporting structure.
06 · Pressure points & risks
What is not going smoothly
Ambiguity regarding the chargeability of UP VAT or GST on certain supplies remains sub-judice before the Hon'ble Supreme Court, with provisions for contingencies maintained alongside back-to-back indemnification undertakings.
07 · Items worth noticing
The line items that can distort a quick read
Filing of modified income tax returns for FY 2023-24 and FY 2024-25 following the effective Composite Scheme of Arrangement.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
The company disclosed that there has been no default on loans and debt securities during the quarter under review.
09 · Key Q&A
The quarter, answered directly
What does DCM Shriram Industries do?
DCM Shriram Industries Limited operates primarily in the sugar and distillery sector, which constitutes its single primary business segment as reviewed by the Chief Operating Decision Maker.
What is the clearest takeaway from Q1 FY27?
DCM Shriram Industries Limited reported revenue from operations of INR 293.63 crore for the quarter ended 30 June 2026, alongside total income of INR 299.80 crore.
What drove revenue or demand?
Net sales accounted for INR 292.88 crore out of the total operating revenue of INR 293.63 crore, supplemented by other operating income of INR 0.75 crore.
What mattered most for margins or profitability?
Cost of materials consumed stood at INR 68.54 crore, while changes in inventories of finished goods, work-in-progress, and stock-in-trade registered a positive adjustment of INR 170.86 crore.
What are the main pressure points disclosed for the quarter?
Ambiguity regarding the chargeability of UP VAT or GST on certain supplies remains sub-judice before the Hon'ble Supreme Court, with provisions for contingencies maintained alongside back-to-back indemnification undertakings.
What should the next disclosure help confirm?
Resolution or further judicial developments regarding the sub-judice UP VAT and GST matters.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Supreme Court Litigation: Resolution or further judicial developments regarding the sub-judice UP VAT and GST matters.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.