Questions across 2 calls

Nirav Jimudia

Anvil Wealth Management

DCM Shriram Limited

DCM Shriram Limited CC-Jul25.pdf · 2025-07-23

Yes, good afternoon team , and congrats for the superb performance. I have few questions to ask on the Chemical side. Sir, when we see our Q1 performance for the Caustic Soda business, our PBDIT has improved by close to around Rs. 3.20 per kg as compared to Rs. 2.40 per kg in Q1 of FY ‘25. So, just wanted to understand like the PBDIT improvement of Rs. 3.20, was this eco-improvement of Rs. 2.40, the difference comes to around Rs. 80 paisa per kg. So, if you can just help us understand, was it all because of the savings in power or s ome fixed cost optimization also would have helped us in the improved performance?

Correct. And sir, when we have commissioned the plant for the expansion of 850 TPD caustic soda , and 120-megawatt power plant at Bharuch. Let's say before that our fixed cost was 100, how much our fixed cost would have gone up with the commissioning of these two capacities?

Grasim Industries Limited

Grasim Industries Limited CC-Dec24.pdf · 2025-02-11

I have 2 questions, sir, on chemicals. So for the Epoxy business, how have been seeing the ramp- up of the newly expanded capacities or let's say, if you can say at what level of utilization, the newer capacity is operating at. Also, if you can share like how we are seeing the demand both on the liquid epoxy side and the specialty side of the business? and was Q3 seen a margin getting impacted because of volatility in the prices of bisphenol and higher prices of caustic soda?

So just a clarification here. So you mentioned that the margins were impacted, and we have tried to pass on some of the cost increases. So, in the initial round of this 25% ramp-up of the newly commissioned capacity, if I'm right in reading your statement, is more on the liquid side where the realisations are lower and probably once the specialty volume starts picking up, those would inch up our average realisations and would take more than take care of the increase in the raw material prices. is it the right assumption to make?