Cement maker Dalmia Bharat Ltd reported a 0.7% increase in net profit for the first quarter ending June 30, 2024. The net profit rose to ₹145 crore, up from ₹144 crore in the same quarter last year. The company’s revenue from operations slightly decreased by 0.2% to ₹3,621 crore, compared to ₹3,627 crore in the previous year’s quarter.
At the operating level, EBITDA rose by 9.1% to ₹669 crore, up from ₹613 crore last year. This exceeded the poll’s prediction of ₹567 crore. The EBITDA margin improved to 18.5%, compared to 16.9% in the first quarter of FY25. The poll had predicted a margin of 15.8%.
Dalmia Bharat reported a cement capacity of 45.6 million tonnes (MT) as of June 30, 2024, with the current capacity at 46.6 MT. Cement volume increased by 6.2% year-on-year to 7.4 MT. Renewable energy usage rose to 35%, and the net debt to EBITDA ratio stood at 0.17x.
Puneet Dalmia, Managing Director and CEO, said, “The continuity of the incumbent government ensures policy stability and continued focus on infrastructure spending, which is good for the cement sector. Despite weak demand during the general elections, our volumes grew by 6.2% year-on-year, and our margins improved to 18.5% from 16.9% last year.”
Dalmia Bharat is a prominent Indian cement manufacturer known for its extensive presence and significant contributions to the construction industry. Founded in 1939, the company has grown to become one of the leading cement producers in the country, with a strong commitment to sustainability and innovation.
Dalmia Bharat operates multiple cement plants across India, providing a wide range of cement products tailored to various construction needs. The company is also focused on reducing its carbon footprint through energy-efficient practices and the use of alternative fuels. With a reputation for quality and reliability, Dalmia Bharat continues to play a crucial role in building India’s infrastructure.
