Dalmia Bharat Limited, one of the leading cement manufacturing companies, has reported its consolidated financial results for the quarter ending December 31, 2021.
Highlights for the quarter
(Figures in Rs. Cr.)
Particulars (Rs. Cr)
Q3FY22
Q3FY21
9MFY22
9MFY21
Sales Volume (MnT)
5.7
5.8
15.6
14.3
Income from Operations
2,731
2,737
7,895
6,951
EBITDA
409
681
1,743
1,994
Profit Before Tax
93
311
786
977
Profit After Tax
73
179
575
601
PAT Margin (%)
2.7%
6.5%
7.3%
8.6%
EPS* (Rs.)
5.1
9.7
28.1
32.2
Net Debt to EBITDA (x)
(0.64)
0.56
(0.64)
0.56
*Includes both continuing and discontinued operations
Commenting on the results, Puneet Dalmia, Managing Director – Dalmia Bharat, said, “The industry witnessed a difficult quarter with unprecedented cost escalations coupled with a weak demand scenario. However, we believe that the peak of costs is behind us and both the demand and prices are showing some strength.”
He further added, “With recent economic data suggesting recovery in macro indicators, I am excited about the tremendous opportunity ahead. We are pursuing our growth ambitions conscientiously and are making investments to deliver sustainable and profitable growth while ensuring consistency and predictability of our earnings.”
Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat), said, “In spite of a tough quarter, we have delivered sales volume in line with the industry. The margins, during the quarter, were impacted due to a significant inflation in the energy prices and market weakness in core regions of our operation. However, beginning mid-December, things have started to look good. To mitigate impact of external exigencies, we are working to further strengthen our operational efficiencies and explore avenues of cost rationalisations.”
In line with Capital Allocation Framework, the company has completed Sale of Hippo Stores (the retail venture) on 31st December, 2021 by way of slump sale to Hippostores Technology Pvt. Ltd., a promoter group company for a consideration of Rs. 155 cr.
To spearhead its journey towards the goal of becoming Carbon Negative by 2040, the Company has appointed Dr. Arvind Madhukar Bodhankar as ESG Head and Chief Risk Officer
In line with the vision to build a pan India company, it has commercialised its 2.9Mnt Murli Plant in Maharashtra, which marks the beginning of its manufacturing presence in western India.
Key recognitions
First company in cement sector to receive accreditations by two prominent green rating systems – ‘GRIHA’ and CII –IGBC.
First cement company in India to receive a green accreditation from the Green Product Rating for Integrated Habitat Assessment (GRIHA) council.
Awarded the prestigious GreenPro Ecolabelling Certificate by the Indian Green Building Council (IGBC), a part of the Confederation of Indian Industries (CII).
Dalmia Cement won following Multiple Apex Green Leaf Awards
In corporate category for Sustainability in Cement Sector
For Environment Excellence bagged by Company’s Rajgangpur unit
Ministry of Mines (GOI) awarded the Belgaum mines with 5 Star Award in Sustainability
Dragons of Asia Awards 2021(Bronze) to Dalmia Delight, company’s dealer loyalty programme
UltraTech Cement has commissioned a 3.35 million tonnes per annum (Mt/yr) brownfield clinker line and one of two 2.7Mt/yr cement grinding mills at its Maihar facility in Madhya Pradesh. The second mill is expected to be operational in Q1 of FY2026. The company has also expanded its Dhule (1.2Mt/yr) and Durgapur (0.6Mt/yr) grinding units and inaugurated its first bulk terminal in Lucknow with a 1.8Mt/yr handling capacity.
Ambuja Cements has named Vinod Bahety as its CEO for a three-year term, following Ajay Kapur’s elevation to Managing Director. Bahety, formerly the company’s CFO, brings over 25 years of experience in finance and manufacturing, including a previous role as Group Head of M&A at Adani Group. Other key appointments include Rakesh Tiwary as CFO, Madhavi Isanaka as Chief Digital Officer, Vaibhav Dixit as Manufacturing Head, and Ashwin Raikundaliya as Chief Sustainability Officer.
Nuvoco Vistas Corp has introduced Nuvoco Duraguard Cement ‘Sabse Khaas Pehelwan’, a one-of-a-kind wrestling championship aimed at honouring and nurturing Haryana’s proud wrestling legacy. The initiative offers budding wrestlers an opportunity to compete at a professional level, gain visibility and represent their districts in a prestigious state-wide competition. ‘Seedhi Baat Hai, Duraguard Khaas Hai’ is aligned with Nuvoco’s brand philosophy.
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