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DCM Shriram net at Rs 41.07 cr

NEW DELHI: DCM Shriram Consolidated Ltd (DSCL) has reported a profit-after-tax of Rs 41.07 crore (Rs 34.02 crore) for the financial year ending March 31, 2001. The total sales turnover has increased 11.28 per cent to Rs 975.16 crore (Rs 876.28 crore).

The board of directors of the company has recommended a dividend of 42.5 per cent for the year, which includes the 15 per cent interim dividend declared earlier.

The operating profit of the company has increased to Rs 133.57 crore (Rs 116.79 crore) and the gross profit has increased to Rs 84.15 crore (Rs 69.18 crore). The increase in profit is attributable to better operating margins, particularly in plastics and chlor-alkali businesses, according to the company.

DSCL's wholly-owned subsidiary, Ghaghara Sugar Ltd, has shown good performance by crushing 5,000 tcd during the year. It has achieved a total cane crush of over 75 lakh quintals during the current sugar season achieving sugar recovery of 10.29 per cent. -- Our Bureau