Dalmia Bharat Limited - Q1 highlights

• Volume increased 12.4% YoY to 7.0 million t
• Revenue increased 9.8% YoY to Rs. 36.24 million
• EBITDA/T stood at Rs. 872/t
• Installed capacity increased to 41.7 MnTPA
• One of Lowest Carbon footprint in global cement world at 462 kgCO₂/T of Cement
• Renewable Energy capacity increased to 170 MW
• Net Debt/EBITDA stood at 0.52x

Highlights for the Quarter ended June 30, 2023

Commenting on the quarter gone by, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “We are in midst of a strong demand environment on the back of a sustained push by the Government on infrastructure and a robust real estate cycle already kicking in. Though we have strong conviction in our ability to outperform the industry, this quarter has been a disappointment as against our expectations. Having said so, we remain focused on seizing the emerging demand opportunities, sustaining our position as a cost leader and delivering sustainable return to our stakeholders.”

Mr. Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “During the quarter gone by, we delivered a 12%YoY growth in cement volumes and witnessed further softening of fuel prices. Given the promising outlook for cement demand, expectation of stable cement prices during rest of the year and softening in commodity costs, we anticipate a gradual improvement in profitability.”

Read the article online at: https://www.worldcement.com/indian-subcontinent/21072023/dalmia-bharat-limited--q1-highlights/