Mumbai: Diversified group DCM Shriram Consolidated on Wednesday reported a seven-fold rise in its net profit at Rs80.75 crore for the fourth quarter ended 31 March, 2009.
It had a net profit of Rs11.25 crore in the same quarter ended March 2008, DCM Shriram Consolidated said in a filing to the Bombay Stock Exchange (BSE).
The company has interests in fertiliser, sugar, retail among other businesses.
Total income rose to Rs734.41 crore for the quarter ended March 2009, from Rs621.97 crore in the same quarter last year.
“Our strategy to build swing capabilities with multiple revenue streams in Chloro-Vinyl business which also include power sale has helped in optimising earnings from this segment during tough times,” DCM Shriram Consolidated chairman and senior managing director Ajay Shriram and vice chairman and managing director Vikram Shriram said in a joint statement.
They said: “The agri businesses driven by rural economy has provided the stability in these times. The agri input and bio-seed business recorded good growth supported by strong research base and market development efforts.”