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Q3FY24 Quarterly Result Announced for Dalmia Bharat Ltd.

Cement & Cement Products company Dalmia Bharat announced Q3FY24 results: Volume increased 8.1% YoY to 6.8 MnT Revenue increased 7.3% YoY to Rs 3,600 crore EBITDA increased 20.3% YoY to Rs 775 crore Cement capacity increased to 44.6 MnT One of the Lowest Carbon footprints in the global cement world at 459 kgCO2/Ton1 of Cement Net Debt/EBITDA stood at 0.16x Puneet Dalmia takes the additional role of CEO & MD of Dalmia (Cement) Bharat Commenting on the quarter gone by, Puneet Dalmia, Managing Director & CEO – Dalmia Bharat, said, “India has undergone a huge metamorphosis with a lot of reforms in the last decade. With this, the base for sustainable growth has been set, the momentum is clearly built and we are now clearly transitioned from a Reform Phase into a fast Growth phase. Foreseeing this massive growth opportunity, we remain committed to our plan of 110-130 MnT by 2031.” He further added, “Our sales volume improved 8.1% YoY with EBITDA growing 20.3% YoY to Rs 775 crore in Q3FY24. With the cement price being largely stable, correction in commodity prices has led to margin recovery; from the lows of 12.8% in Q2FY23 to 21.5% during Q3FY24. While we believe that margins may improve further from here on, our focus for the next 12-15 months would remain on improving our capacity utilization and delivering industry-leading volume growth.” Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat, said, “We continue to remain one of the lowest cost producers in the country. This, along with softening commodity prices, helped us to achieve 11.3% YoY growth in our EBITDA/T to Rs 1,138. We continue to further strengthen our operational efficiencies through strategic investments. In line with our commitment to keep net debt at less than 2 times of EBITDA, we closed this quarter with Net Debt to EBITDA at 0.16 times. Our Net Debt is now reduced to Rs 431 crore.” Result PDF
24-01-2024
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Dalmia Bharat Ltd - 542216 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

This is to inform you that an investors/analyst conference call on the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2023 is scheduled on Thursday, January 25, 2024 at 10:30 A.M. (IST). In this connection, a copy of the invite is attached.
16-01-2024
Bigul

Dalmia Bharat Ltd - 542216 - Board Meeting Intimation for Intimation Of Board Meeting

Dalmia Bharat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 24/01/2024 ,inter alia, to consider and approve Pursuant to Regulation 29(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that a meeting of the Board of Directors of the Company will be held on Wednesday, January 24, 2024, to inter-alia consider and approve the unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2023.
15-01-2024
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