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Dalmia Bharat Delivers an All-Round Performance

PNI Admin

Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending March 31, 2023.

  1. Highlights for the Quarter and Year ended March 31, 2023

                                                                                                                                                                                                                           (Figures in Rs. Cr.)

Particulars (Rs. Cr)Q4FY23Q4FY22YoY %FY23FY22YoY %
Sales Volume (MnT)7.46.613.3%25.722.215.9%
Income from Operations3,9123,38015.7%13,54011,28620.0%
EBITDA7076833.5%2,3162,426(4.5%)
EBITDA/T9511,041(8.7%)9001,092(17.2%)
PAT609271125.0%1,07984527.6%
Net Debt to EBITDA (x)0.29x(0.59x) 0.29x(0.59x) 

Commenting on the quarter gone by, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “I am tremendously proud of our people who have delivered an all-round financial performance alongside meeting the capacity expansion targets of the company. The industry leading volume and revenue growth of 15.9% and 20.0% YOY respectively, is a testament of clarity of our vision, strength of our brand and efficient business operations, all of which is well navigated by our strong leadership team”. He further added, “With deep rooted conviction in India’s growth prospects, I am excited that armed with a combination of newly added cement capacity, a well-capitalized balance sheet and a visionary leadership, Dalmia Bharat has a large headroom to continually deliver industry leading performance and participate in India’s growth story.”

Mr. Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “I am pleased with our performance during the entire year of FY23. Our persistent efforts, on enhancing sustainability of our operations & rationalization of our operating costs, have enabled us to mitigate the adverse impact of inflation and deliver stable earnings performance.” He also mentioned that, “With robust demand outlook, steady cement prices and the peak of commodity price inflation behind us, we are expecting profitability to gradually improve from here on.”

  1. The company has, on 22nd April 2023, commenced commercial production at its second cement line at Bokaro, Jharkhand known as Bokaro Cement Manufacturing Works (JCW2), with capacity of 2.5 MnT. With this addition, the total cement capacity of the company has been enhanced to 41.1 MnT.
  2. In line with its strategy to exit non-core business/investment, Dalmia Cement (Bharat) Limited, a subsidiary of the Company, entered into a binding agreement to sell its entire investment of 1,87,23,743 equity Shares of Rs. 10 each (42.36% of share capital) of Dalmia Bharat Refractories Limited at a consideration of Rs. 800 Cr to M/s Sarvapriya Healthcare Solutions Private Limited, a promoter group company.
  3. Continuing its commitment to become Carbon Negative by 2040, the company plans to further add renewable energy capacities and reach 324 MW by end of FY24.
  4. The Board has recommended a final dividend of Rs 5 per share (250%) of face value of Rs 2 per share for FY 2022-23 subject to approval of shareholders in ensuing AGM.

Key Recognitions during FY23

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