Dalmia Bharat Ltd Share Price – NSE  /  BSE

Cement, Small Cap

Income from operations grew by 10% year on year (YoY) to Rs 4,307 crore in the quarter ended 31 March 2024.

Sales volume during the quarter rose 18.5% to 8.8 million tonne from 7.4 million tonne registered in the corresponding quarter previous year.

Profit before tax in fourth quarter of FY24 dropped 52% to Rs 352 crore as compared to Rs 733 crore recorded in Q4 FY23.

EBITDA declined 7.8% YoY to Rs 654 crore for the quarter. EBITDA margin reduced to 15.2% in Q4 FY24 as against 18.1% in Q4 FY23.

On a full year basis, the company’s net profit decreased 20.9% to Rs 853 crore in FY24 over FY23. Revenue from operation rose 8.4% YoY to Rs 14,691 crore in the financial year ended 31 March 2024.

Puneet Dalmia, managing director & CEO, said, “Cement sector has a pivotal role in India's growth story and infrastructure, housing and private capex will drive the demand growth for the next decade and beyond. During FY24 we delivered a volume growth of 11.8% at 28.8Mnt and EBITDA growth of 13.4% at Rs 2,639 crore. We will continue to work on gaining market share and improving realizations while deepening the cost leadership.”

Dharmender Tuteja, chief financial officer (CFO) of Dalmia Bharat said, “We bounced back and delivered an industry-leading volume growth of 18.5% YoY during the quarter. However, unexpected drop in cement prices led to EBITDA erosion during the quarter with EBITDA margin declining from 18.1% in Q4 FY23 to 15.2% in current quarter. During the ensuing year, we will continue to focus on our levers of long-term cost savings including renewable energy, operationalizing our captive coal mines, digitization of supply chain and invest in our brand.”

Meanwhile, the board recommended a final dividend of Rs 5 per equity share for the financial year ended 31 March 2024, subject to approval of shareholders.

Dalmia Bharat is the fourth-largest cement manufacturing company in India, with the current capacity pegged at 41.7 million tonne.

The counter hit a 52-week low of Rs 1,766.75 in today’s intraday session.

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Net profit of Dalmia Bharat declined 46.52% to Rs 315.00 crore in the quarter ended March 2024 as against Rs 589.00 crore during the previous quarter ended March 2023. Sales rose 10.01% to Rs 4307.00 crore in the quarter ended March 2024 as against Rs 3915.00 crore during the previous quarter ended March 2023.

For the full year,net profit declined 20.19% to Rs 826.00 crore in the year ended March 2024 as against Rs 1035.00 crore during the previous year ended March 2023. Sales rose 8.40% to Rs 14691.00 crore in the year ended March 2024 as against Rs 13552.00 crore during the previous year ended March 2023.

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Dalmia Bharat announced that the Board of Directors of the Company at its meeting held on 24 April 2024, inter alia, have recommended the final dividend of Rs 5 per equity Share (i.e. 250%) , subject to the approval of the shareholders.

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Dalmia Bharat will hold a meeting of the Board of Directors of the Company on 24 April 2024.

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