DCM Shriram Ltd News

DCM Shriram share price jumps 4% in trade; here's what's boosting rally

The cost of acquisition, as per the filing, stands at Rs 57.12 crore and will be carried out in one or more tranches

DCM Shriram hits all time high after capacity expansion at sugar plant

DCM Shriram share price reached its all time high at Rs 1,370 per share on the BSE

Shriram Life posts 29% dip in H1 net profit on record volume, premium

Company reports assets under management of Rs 12,310 cr, expects number to be around Rs 13,500 by end of FY25

Shriram Life Insurance H1FY25 results: Net profit drops to Rs 50 cr

Shriram Life Insurance Company (SLIC) on Friday said it has reported a net profit of Rs 50 crore during the first half of the current fiscal. During the period, the insurance company, jointly promoted by Shriram Group and South Africa's Sanlam Group, sold 2.83 lakh individual policies in the first half, nearly double what it sold during the same period a year ago. The net profit of the company came down to Rs 50 crore from Rs 70 crore in the first half of the previous fiscal due to capacity expansion undertaken, Shriram Life Insurance Company MD and CEO Casparus JH Kromhout said. Branch expansion, fresh recruitment and investment in technology are being undertaken to expand business, he said. Presently, 50 per cent of the business comes from southern states, while remaining from other states. The company has plans to expand its footprint in other states, he said. Sharing other financial details, Kromhout said assets under management as of H1 FY25 was Rs 12,310 crore, up 21 per ce

DCM Shriram share price rises 10% in trade; here's what's boosting rally

DCM Shriram posts 95 per cent jump in net profit in Q2 to Rs 62.92 crore

DCM Shriram Q2 results: Net profit jumps 95% to Rs 62.92 cr on strong sales

DCM Shriram Ltd reported a 95.16 per cent increase in consolidated net profit at Rs 62.92 crore in the second quarter of fiscal 2024-25, compared to Rs 32.24 crore in the same period a year earlier. In a regulatory filing, the company said its total income rose 11.81 per cent to Rs 3,183.98 crore in Q2 FY25 from Rs 2,847.42 crore in the year-ago quarter. Expenses increased 10.29 per cent to Rs 3,088.21 crore. The company's board approved an equity investment of up to Rs 60 crore for up to 28 per cent stake in one or more SPVs to set up a 68 MW wind-solar hybrid renewable power project. It approved a capex (capital expenditure) of Rs 23 crore for the renewable power project in Kota, Rajasthan. The board approved a capex of Rs 310 crore to set up a 100 TPD aluminium chloride facility and a 225 TPD granulated calcium chloride facility at Jhagadia, Bharuch. That apart, it approved a capex of Rs 149 crore for an aluminium extrusion and surface finish project at Kota. The company is a

DCM Shriram stock gains after commissioning of Hydrogen Peroxide plant

The rise in the share price came after the company announced that it has successfully commissioned a new Hydrogen Peroxide plant.

JK Cement, JSW Steel, Polycab among 10 stocks to go ex-dividend on Tuesday

These 10 companies had fixed July 09 as the record date for a dividend payout of up to Rs 30 per share.