Financial

Dalmia Bharat Limited Reports 22% YoY Profit Growth

Dalmia Bharat Limited, a leading cement manufacturing company in India, has reported a 22% year-on-year growth in profit

Photo by Chris Liverani / Unsplash

Dalmia Bharat Limited, a leading cement manufacturing company in India, has reported a 22% year-on-year growth in profit for the quarter and nine months ended December 31, 2023. The company's sales volume improved by 8.1% YoY, with EBITDA growing by 20.3% YoY to Rs. 775 Cr in Q3FY24.

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. Puneet Dalmia, Managing Director & CEO of Dalmia Bharat Limited, said, "Foreseeing this massive growth opportunity, we remain committed to our plan of 110-130 MnT by 2031."

Source: rprealtyplus.com

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