DCM Shriram Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, on consolidated basis, the company reported total income from operations of INR 18,011.5 million against INR 14,598.8 million a year ago. Profit before tax was INR 29,202 million against INR 1,519.7 million a year ago. Profit after tax was INR 2,128.6 million against INR 1,364.1 million a year ago. EBITDA was INR 3,472.7 million against INR 2,001.2 million a year ago. Basic and diluted EPS was INR 13.14 against INR 8.41 a year ago. PBIT was INR 3,110 million against INR 1,690 million a year ago. Net revenues increased over same period last year due to chemicals ­ volumes gain of 34% on account of full utilization of expanded capacities at Bharuch, supported by firm prices and sugar ­ volumes were up 19% on account of early commencement of season, share of byproducts increasing. PBDIT increased over same period last year due to chemicals ­volume gains complemented by firm realizations. Costs, particularly coal, have started rising, sugar ­ profits declined due to sharp drop in prices of sugar and by products, partly mitigated by higher volumes of sugar and power sales, SFS ­ growth in value added inputs led to increase in profits and Fenesta ­ turnover growth led by higher deliveries & execution led to profit growth. For the nine months, on consolidated basis, the company reported total income from operations of INR 54,867.1 million against INR 44,410.0 million a year ago. Profit before tax was INR 82,900 million against INR 4,500.7 million a year ago. Profit after tax was INR 6,186.6 million against INR 3,945.7 million a year ago. EBITDA was INR 9,956.4 million against INR 5,814.4 million a year ago. Basic and diluted EPS was INR 38.10 against INR 24.34 a year ago. PBIT was INR 8,920 million against INR 5,000 million a year ago. Net revenues increased over same period last year due to chemicals ­ revenues up by 68% year on year, led by rising volumes due to increased capacity utilization of expanded capacity and rising prices and sugar ­ volumes higher by 52% aided by higher cane crush in fiscal year 2016-2017. PBDIT increased over same period last year due to chemicals ­ higher volumes and higher realizations supported by cost efficiencies consequent to technology upgradation last year, sugar ­ profit increase led by higher power sales post completion of expansion /upgradation project and sugar volume growth in fiscal year 2016-2017 and SFS ­ growth in profits driven by better margins in value added inputs and a debit of INR 115 million relating to DAP/MOP last year. For the quarter, on standalone basis, the company reported total revenue from operations of INR 17,610.2 million against INR 14,437.6 million a year ago. Profit before tax was INR 3,001 million against INR 1,639.7 million a year ago. Profit after tax was INR 2,211.4 million against INR 1,487.6 million a year ago. EBITDA was INR 3,526.3 million against INR 2,122.1 million a year ago. Basic and diluted EPS was INR 13.62 against INR 9.16 a year ago. For the nine months, on standalone basis, the company reported total revenue from operations of INR 53,626.4 million against INR 14,598.8 million a year ago. Profit before tax was INR 8,359.5 million against INR 4,829.3 million a year ago. Profit after tax was INR 6,265.8 million against INR 4,279.6 million a year ago. EBITDA was INR 3,472.7 million against INR 2,001.2 million a year ago. Basic and diluted EPS was INR 38.58 against INR 26.35 a year ago.