{"id":4754,"date":"2024-10-31T12:32:09","date_gmt":"2024-10-31T07:02:09","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4754"},"modified":"2024-10-31T12:33:31","modified_gmt":"2024-10-31T07:03:31","slug":"dcm-shriram-shares-surge-10-on-strong-q2-earnings-investment-in-renewable-projects","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/dcm-shriram-shares-surge-10-on-strong-q2-earnings-investment-in-renewable-projects\/","title":{"rendered":"DCM Shriram Shares Surge 10% on Strong Q2 Earnings, Investment in Renewable Projects"},"content":{"rendered":"\n

Shares of DCM Shriram Ltd jumped over 10% in early trade on October 31, following the company\u2019s stellar Q2 earnings report. The firm posted a consolidated net profit of Rs 62.92 crore for the September quarter, marking a sharp 95% year-on-year increase from Rs 32.24 crore in the same period last year. This earnings boost comes as the company’s total income rose 11.8% to Rs 3,183.98 crore, while expenses grew by a more modest 10.3% to Rs 3,088.21 crore.<\/p>\n\n\n\n

As of 11:24 am, DCM Shriram’s shares had moderated to Rs 1,091.45 on the NSE, up 4.4% from the previous session\u2019s close, as initial gains were pared back.<\/p>\n\n\n\n

In line with its growth and sustainability strategy, DCM Shriram\u2019s board approved several new investments, including an equity investment of up to Rs 60 crore for acquiring up to a 28% stake in one or more special purpose vehicles (SPVs) to develop a 68 MW wind-solar hybrid power project. The board also sanctioned Rs 23 crore for a renewable energy initiative in Kota, Rajasthan, and an additional Rs 310 crore for establishing a 100 TPD aluminum chloride facility and a 225 TPD granulated calcium chloride facility at Jhagadia, Bharuch.<\/p>\n\n\n\n

The company declared an interim dividend for FY25 at Rs 2 per equity share, with a record date of November 11, ensuring eligible shareholders receive their dividends by November 28, 2024.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of DCM Shriram Ltd jumped over 10% in early trade on October 31, following the company\u2019s stellar Q2 earnings report. The firm posted a consolidated net profit of Rs 62.92 crore for the September quarter, marking a sharp 95% year-on-year increase from Rs 32.24 crore in the same period last year. This earnings boost […]<\/p>\n","protected":false},"author":1,"featured_media":4755,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[609],"class_list":["post-4754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-dcm-shriram-q2"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4754"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4754\/revisions"}],"predecessor-version":[{"id":4757,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4754\/revisions\/4757"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4755"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}