DCM Shriram Limited — Investor Meet, 29-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

DCM Shriram's Q3 FY26 net revenues grew 13% to Rs 3,811 Cr, with PBDIT up 4% to Rs 560 Cr. For the nine months, revenues rose 12% to Rs 10,345 Cr and PBDIT increased 24% to Rs 1,294 Cr.

Chemicals revenue surged 30% from new projects, though margins faced stabilization costs. The Epichlorohydrin plant is stabilizing, with full capacity expected this quarter. PVC revenue dipped 13% due to soft prices; the company is actively pursuing Minimum Import Price after prior anti-dumping duty rejection. China's VAT removal on PVC from April 1 is a positive. Sugar & Ethanol revenue grew 15%; the company advocates for government support on prices and ethanol policy amid rising costs. Fenesta revenue jumped 28%, with margins impacted by growth investments. Management is optimistic, focusing on efficiency, value chains, and digital transformation. A demerger is targeted within 3-4 months.