New Delhi : Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending June 30, 2022.
The company recorded a 27.3% YoY increase in volume to 6.2 MnT and 27.4% YoY increase revenue to Rs. 3,302 crore while EBITDA margin sustained at 17.7%. Dalmia Bharat further increased its capacity by 2 Mnt of Clinker capacity and 1.1 Mnt of Cement capacity, taking its overall cement manufacturing installed capacity to 37.0 Mnt. The company also added Renewable power capacity of 41.4 MW. PAT margin stood at 6.2 percent in Q1FY23 as compared to 10.8 percent in Q1FY22.
Commenting on the quarter gone by, Mr. Puneet Dalmia, Managing Director & CEO - Dalmia Bharat Limited, said, “While we may be in the midst of global economic headwinds and trade turmoil, we are cautiously optimistic with regards to the medium- & long-term growth of the Indian Economy. We remain confident that the government’s push for capital expenditure as well as constant focus on infrastructure development will continue to boost cement demand.” He further added, “The continuous efforts and resilience of our teams have enabled us to deliver yet again a good performance on the back of strong volume growth and continuous cost leadership. We are committed to delivering industry leading returns to our stakeholders through our sustainable business model and a robust governance mechanism.”
Mr. Mahendra Singhi, Managing Director and CEO - Dalmia Cement (Bharat) Limited said, “I am pleased with our performance this quarter. Our sustained efforts on operational efficiencies & cost rationalization have enabled us mitigate the adverse impact of inflation and deliver lowest total cost of production.” He also said “Our capacity expansion projects are on track and we have added 2 Mnt of Clinker capacity and 1.1 Mnt of Cement capacity and which takes our Cement Manufacturing installed capacity to 37.0 Mnt. We remain firm on our Carbon Negative Roadmap and during the quarter have installed 41.4 MW of Renewable Energy.”