Dalmia Bharat Ltd announced on Tuesday a nearly three-fold rise in its consolidated net profit, reaching Rs 395 crore for the June quarter, primarily driven by enhanced sales realization and a decrease in expenses.
The company had reported a net profit of Rs 145 crore during the April-June quarter of the previous year, as per a regulatory filing from Dalmia Bharat. However, its operational revenue remained nearly unchanged at Rs 3,636 crore for the June quarter, compared to Rs 3,621 crore in the same period of the prior fiscal year.
Dalmia Bharat’s sales volume rose by 5.8 percent to 7.4 million tonnes (MT) in the June quarter. “The beginning of this year signifies a recovery in cement realizations in our key markets, which has enabled us to achieve substantial EBITDA growth, resulting in an EBITDA margin of 24.3 percent, an increase of 5.8 percentage points compared to last year,” stated Managing Director & CEO Puneet Dalmia.
Additionally, the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) for the quarter saw a significant improvement, reaching Rs 883 crore, reflecting a 32 percent year-on-year (YoY) growth. “Supported by a strong balance sheet, a disciplined capital allocation strategy, and a positive profitability outlook, we are making steady progress towards our goal of becoming a PAN-India player,” remarked the company’s Chief Financial Officer Dharmender Tuteja.
The total expenses for the company amounted to Rs 3,183 crore, representing a 5.4 percent decrease during the review period. Its total income, which encompasses other income, was recorded at Rs 3,685 crore. With an installed capacity of 49.5 MTPA (million tonnes per annum), Dalmia Bharat ranks as the fourth-largest cement manufacturing company in India. On Tuesday, shares of Dalmia Bharat Ltd closed 2.46 percent higher at Rs 2,319.15 each on the BSE.
