Dalmia Bharat's consolidated revenue from operations was down 0.2 per cent YoY at Rs 3,621 crore for the quarter ending June 30, 2024. It reported a net profit of Rs 3,627 crore in Q1FY24.
On July 19, the cement maker said its net profit increased 0.7 percent at Rs 145 crore in Q1FY225. This wa Rs 144 crore in the same period a year ago.
Volume for the reporting period increased 6.2 percent YoY to 7.4 million tons. Dalmia Bharat's EBITDA also increased 9.2 percent YoY to Rs 669 crore.
EBITDA margin for the same period also increased 1.6 percent YoY to 18.5 percent in Q1FY25.
Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said: “The continuity of the incumbent government at the Centre ensures policy stability and a continued focus on infrastructure spending, which bodes well for cement sector's long-term prospects, particularly cement demand. During the quarter, even though cement demand was weak across regions amidst general elections, our volumes grew 6.2 percent YoY while margins improved to 18.5 percent from 16.9 percent last year.”
The stock has fallen over 7 percent in the last one year and gained 88 percent in the last 5 years. At close on July 18, the stock was trading at Rs 1,918, around 0.11 percent higher than open. Installed cement capacity as of June 30 was 45.6 million tons. Currently, it is around 46.6 million tons.
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