Dalmia Bharat, a cement manufacturing company, has reported a marginal growth of 0.69 per cent in its net profit during the quarter ended June 2024. Its profit after tax stood at Rs 145 crore in Q1 FY25 as against Rs 144 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing.
The company’s net consolidated total income stood at Rs 3,671 crore in Q1 FY25, a minor dip of 0.27 per cent from Rs 3,681 crore it recorded in the similar quarter last year.
Puneet Dalmia, managing director & CEO of the company said, “During the quarter, even though cement demand was weak across regions amidst general elections, our volumes grew 6.2% year-on-year while margins improved to 18.5% from 16.9% last year.”
Its installed cement capacity on June 30 stood at 45.6 MnT and net debt to EBITDA stood at 0.17x. In the said quarter, its volume increased 6.2% year-on-year to 7.4 MnT, renewable energy consumption increased to 35%.
Dharmender Tuteja, CFO of the company said, “The cement pricing continued to be weak during the quarter, but we saw a notable improvement in margins due to better input prices and reversal of certain cost inefficiencies of the previous quarter. We have added 2 MnT of cement capacity in South and are on track to add another 2.9 MnT in North East & East region during FY25.”
The company commissioned 1 MnT cement capacity each at its existing units at Ariyalur, Tamil Nadu and Kadapa, Andhra Pradesh respectively. This takes company’s overall installed capacity to 17 MnT in South and 46.6 MnT in India, and is in line with the long-term growth strategy of increasing the total capacity to 110-130 MnT by the 2031.
