Dalmia Bharat Q4FY22
Dalmia Bharat Q4FY22 profit fall 6 pc to Rs 599 cr
Mumbai: Cement manufacturer Dalmia Bharat Limited (BSE: 542216, NSE: DALBHARAT) Tuesday reported profit after tax (PAT) of Rs 599 crore for quarter ending March 30, 2022, down 6.4 percent compared to Rs 640 crore in the same period last year.
The company said its sales volume during the quarter stood at 6.6 MnT while it was 6.4 MnT in Q4FY21.
In FY22, the sales volume stood at 22.2 MnT while it was 20.7 MnT in FY21.
EBITDA dropped by 11.06 percent in the Q4FY22 at Rs 683 crore while it stood at Rs 768 crore in the same quarter previous year.
For FY22, EBITDA stood at Rs 2,426 crore while it was Rs 2,762 in FY21.
Income from Operations for the quarter under review stood at Rs 3,380 crore, up 7.26 percent compared to Rs 3,151 crore in the year-ago period.
The company's board has recommended a dividend of Rs 5 per share subject to approval of shareholders in ensuing AGM.
Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “Through proactive cost containment measures, our teams have successfully mitigated the adverse inflationary impact and delivered one of the lowest total cost per ton of cement alongside a volume growth in-line with the industry.
"The recent strong recovery in demand and prices across all our operating regions is highly encouraging. While the margins may continue to remain under pressure, we are undertaking proactive measures to retain our cost leadership and deliver sustainable earnings growth. We continue to be on track to reach a capacity of 48.5 million ton by March ’24."
More Highlights
In line with Capital Allocation Framework, the Company has completed the restructuring of its Refractory Business.
To augment the long term raw material & fuel security, the company participated and won the bid for Brinda & Sisai Coal Block with extractable reserves of approximately15 MnT.
The company has signed a MoU with FLSmidth A/S, a leading supplier of technology solutions and equipment for cement and mining processing industry.
Both sides commit to contribute ideas, research and development for an industrial scale cement production facility in order to develop breakthrough innovations to significantly accelerate the development of sustainability in the cement and construction industry.
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