DCM Shriram Ltd. has scheduled a Board of Directors meeting on January 18, 2025, to discuss various financial matters, including the potential payment of a second interim dividend for the fiscal year 2024-25. The company will also review its unaudited financial results for both its standalone and consolidated entities for the quarter and nine months ending December 31, 2024.

The record date for the second interim dividend, if approved, will be January 24, 2025, with payment expected to be made on that date. DCM Shriram had previously declared an interim dividend of Rs 2 per share on November 11, 2024.

In addition to dividend matters, the board will discuss the issuance of non-convertible debentures through a private placement.

The company reported a significant rise in net profit for the September quarter, seeing a 95% increase year-on-year, reaching Rs 63 crore from Rs 32 crore. Revenue from operations also saw a 10.8% increase, rising to Rs 3,130 crore from Rs 2,825 crore in the same period last year. The chloro-vinyl segment saw remarkable growth, with a 138% increase in profit before interest and taxes.

DCM Shriram has also been recognized for its strong Environmental, Social, and Governance (ESG) performance, ranking in the top 7% of 523 global chemical companies in the S&P Global Corporate Sustainability Assessment 2024.

Despite these positive developments, shares of DCM Shriram closed 2.94% lower at Rs 1,037.40 per share, while the NSE Nifty 50 declined by 1.47%.