Bengaluru, July 22 -- A leading Indian ethanol and sugar processor, diversifying into chemicals, reported mixed quarterly results. While revenue grew year-on-year and sequentially, profit declined sharply quarter-on-quarter despite an annual gain. Management expressed caution about ethanol segment pressures, even as they expand into advanced materials through acquisition, against a challenging global economic backdrop.

DCM Shriram Limited's stock, with a market capitalisation of Rs. 21,498 crores, fell to Rs. 1,357, hitting a low of up to 2.27 percent from its previous closing price of Rs. 1,388.60. However, the stock over the past year has given a return of 38.7 percent.

Management Guidance

Sugar & Ethanol Challenges: While stable, th...