The key equity indices traded with limited losses in early afternoon trade. The Nifty traded below the 24,250 mark. FMCG shares advanced after declining in the past two consecutive trading sessions. Trading could be volatile due to monthly F&O series expiry today. At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 488.86 points or 0.60% to 79,453.01. The Nifty 50 index fell 119.80 points or 0.49% to 24,221.95. In the broader market, the S&P BSE Mid-Cap index fell 0.35% and the S&P BSE Small-Cap index rose 0.76%. The market breadth was strong. On the BSE, 2,415 shares rose and 1,249 shares fell. A total of 136 shares were unchanged. Both, BSE and NSE will conduct the Muhurat trading session on Friday, 1 November, from 6:00 pm to 7:00 pm. While markets remain closed during the day, this evening session allows investors to make token investments, following a long-standing custom of trading during Diwali. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 3.20% to 16.01. The Nifty 31 October 2024 futures were trading at 24,215.40, at a premium of 6.55 points as compared with the spot at 24,221.95. The Nifty option chain for the 31 October 2024 expiry showed maximum Call OI of 293.1 lakh contracts at the 24,250 strike price. Maximum Put OI of 228.3 lakh contracts were seen at 24,200 strike price. Buzzing Index: The Nifty FMCG index fell 1.10% to 59,093.05. The index slipped 41.8% in past two trading sessions. Balrampur Chini Mills (down 6.25%), Tata Consumer Products (down 1.98%), Marico (down 1.91%), Varun Beverages (down 1.68%) and Procter & Gamble Hygiene and Health Care (down 1.54%), Radico Khaitan (down 1.53%), Colgate-Palmolive (India) (down 1.38%), United Breweries (down 1.32%), Godrej Consumer Products (down 1.12%) and ITC (down 1.02%) declined. Stocks in Spotlight: DCM Shriram gained 2.09% after the company reported consolidated net profit surged 95.16% to Rs 62.92 crore on 10.79% rise in total revenue from operations to Rs 3,130.09 crore in Q2 FY25 over Q2 FY24. Elpro International zoomed 9.22% after the company announced the acquisition of 33.33 lakh shares of Sagility India for a total consideration of Rs 10 crore.Powered by Capital Market - Live

Profit before tax in second quarter of FY25 was at Rs 95.77 crore, up 101.83% from Rs 47.45 crore recorded in the corresponding quarter last year. For Q2 FY25, the revenue from the Sugar business was Rs 1,167.38 crore (up 7.37% YoY), Chloro-Vinyl segment revenue was Rs 777.36 crore (up 11.97% YoY) and Fertilizers business revenue was Rs 387.11 crore (up 5.0565% YoY). Further, revenue from SFS segment was Rs 371.65 crore (up 32.76% YoY), Fenesta building system segment revenue was Rs 221.62 crore (up 6.04% YoY) and that from Bioseed was Rs 158.78 crore (up 24.09% YoY). Ajay Shriram, chairman & senior managing director and Vikram Shriram, vice chairman & managing director, in joint statement stated, 'The world is experiencing a 'geopolitical recession' marked by a complex interplay of rising geopolitical tensions among global powers, economic challenges, climate changes and technological advancements, requiring careful navigation by governments, businesses, and international organizations. India's economic performance and outlook is more resilient compared to the global situation. Global caustic prices are range bound and demand remains balanced. Surplus capacities in India has led to lower capacity utilizations & subdued product prices. The sector has benefitted from reduced carbon costs. The newly commissioned 120 MW power plant has started yielding positive results. Our capex in chemical business is nearing completion. We have commissioned the Hydrogen Peroxide plant and expect to commission ECH plant in fourth quarter. Sugar business is stable. With increased sugar inventory levels, the government has allowed ethanol production from cane juice and B-heavy molasses. Further, industry is advocating for allowing Sugar exports. The Sugar prices are not commensurate with increase in cost of production in the last season. Sugar cane crushing for season 24-25 has started. Fenesta Building Systems is investing into building and strengthening new revenue platforms which shall foster future growth of business. Shriram Farm Solution business continues with its growth driven by its approach of providing new technology products to farmers. We have announced chlorine downstream projects in Chemicals with an investment of Rs 310 crore. We are adding to our green energy portfolio with an investment of Rs 76 crore to supply upto 68 MW of captive renewable energy at our Kota complex in Rajasthan. Further, in order to strengthen the customer experience and grow Fenesta's Aluminium windows business we are investing Rs 149 crore in Aluminium extrusion. These investments will go a long way in strengthening our businesses.' Meanwhile, the board approved an equity investment of upto Rs 60 crore for upto 28% of equity stake in one or more special purpose vehicle(s) for setting up a wind solar hybrid renewable power project for replacing existing coal based 40 MW power with 68 MW RE Power. Further, the board of directors approved a capex proposal of Rs 310 crore to set up an additional aluminium chloride facility of 100 TPD and a new granulated calcium chloride facility of 225 TPD at Jhagadia in Bharuch. Lastly, the company's board has approved a capex proposal of Rs 149 crore for an Aluminium Extrusion & Surface Finish Project at Kota. DCM Shriram is a diversified company with presence agri-rural business, chloro-vinyl business and value-added business (fenesta building systems-UPVC windows & doors). Powered by Capital Market - Live

Net profit of DCM Shriram rose 95.16% to Rs 62.92 crore in the quarter ended September 2024 as against Rs 32.24 crore during the previous quarter ended September 2023. Sales rose 9.11% to Rs 2940.95 crore in the quarter ended September 2024 as against Rs 2695.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2940.952695.31 9 OPM %6.164.23 - PBDT196.64121.42 62 PBT95.7747.45 102 NP62.9232.24 95 Powered by Capital Market - Live

DCM Shriram announced that the Board of Directors of the Company at its meeting held on 30 October 2024, inter alia, have recommended the interim dividend of Rs 2 per equity Share (i.e. 100%) , subject to the approval of the shareholders.Powered by Capital Market - Live

DCM Shriram will hold a meeting of the Board of Directors of the Company on 30 October 2024.Powered by Capital Market - Live

DCM Shriram has commissioned its 'Flexi-fuel Flaker plant' of 300 TPD capacity at its flagship Chemical complex at Jhagadia, Bharuch District, Gujarat today i.e. 17 October 2024 at 9:00 am. A 2nd flaker unit of identical make & capacity is also in the final stages of completion and is expected to be commissioned next quarter. Being flexi-fuel, the state-of-the-art plant allows for multiple fuel choices, thereby providing for much higher sustainability & efficiency considerations at all times. This additional flaker capacity will allow the Company's Chemicals business to reach distant markets, especially through exports. Powered by Capital Market - Live

DCM Shriram announced that it has been awarded the Bronze Medal in the EcoVadis sustainability assessment for the first time. This accolade places the company in the top 35% of companies globally within its sector. The EcoVadis Sustainability rating methodology aims to measure the quality of a company's sustainability management system through three management pillars: Policies, Actions, and Results. This is DCM Shriram's second year of participation in the EcoVadis sustainability assessment, during which the company has made a significant leap in its overall Sustainability Scorecard, improving from 45 out of 100 last year to 62 out of 100 in the latest evaluation. This marked improvement highlights the company's commitment to integrating ESG principles into its business operations and ensuring sustainable growth.Powered by Capital Market - Live

CRISIL Ratings stated that the company's operating income declined by 5% to Rs.10,922 crores in FY24 from Rs.11,547 crores in FY23 mainly due to weak performance of Chloro Vinyl segment which was partly offset by healthy performance across sugar and other segments. Chloro vinyl segment reported 31% decline in its revenue due to fall in realisations for caustic soda and PVC resins. This has impacted the segment profitability as well leading to decline in overall EBIDTA margins to 9.1% in FY24 compared to 13.9% in FY23. In Q1-fiscal 2025, company reported revenue of Rs.2,876 crores with EBIDTA margins at 8.6%. With commissioning of 850 TPD caustic soda plant, CRISIL Ratings expects revenue growth to remain healthy at 8-10% mainly driven by incremental volumes from the newly commissioned capacity. Operating profitability is expected to improve to 10-12% in medium term supported by improved cost efficiency with commissioning of captive power plants. The revenue and profitability of DCM will continue to be supported by the diversity in the business profile. The company has completed its major capex plans which includes 850 TPD expansion in caustic soda and 120 MW power plant in Q1 fiscal 2025 while Hydrogen peroxide and Epichlorohydrin plant are under final stages of completion. The expansion project under sugar segment is expected to be completed this fiscal with studies underway for proposed Epoxy plant project. Gross debt is expected to increase towards the capex this fiscal. The financial risk profile should remain strong, despite the debt-funded capex, supported by expected steady cash accrual and healthy liquidity. The rating continues to reflect a healthy and diversified business risk profile and strong financial risk profile of DCM, indicated by comfortable debt protection metrics, healthy capital structure and ample liquidity. These strengths are partially offset by risks related to volatility in the sugar, chlor-alkali and plastics segments and exposure to risks related to regulatory changes in the sugar and fertilizer industries. DCM is a diversified business group, with presence across the chloro-vinyl (chlor-alkali and plastics), sugar and agricultural inputs (farm solutions; urea and bioseed) businesses. The company is also engaged in Fenesta building system and cement. It operates its chlor-alkali, plastics, urea, and cement businesses from Kota and chlor-alkali operations from Bharuch, where it has captive power plants. The company has four sugar mills in central Uttar Pradesh, with a bioseed division in Hyderabad. The scrip had advanced 1.34% to end at Rs 1177.60 on the BSE on Friday. Powered by Capital Market - Live

DCM Shriram has received reaffirmation in credit rating from CRISIL for commercial paper programme of Rs 600 crore at CRISIL A1+. Powered by Capital Market - Live

DCM Shriram has commissioned its state-of-the-art Hydrogen Peroxide (H2O2) plant of 52,500 TPA at its Chemical complex in Jhagadia, Bharuch Dist., Gujarat today i.e. 19 August 2024. The company said, H2O2 will add to our chemicals business product porfolio and is a downstream to Hydrogen produced at the Chemicals complex. It may be noted that Hydrogen Peroxide has wide ranging applications from bleaching agent to water and waste water treatment, chemical synthesis, food processing, mining and metallurgy and environmental applications. Powered by Capital Market - Live