Improved trade volumes and cost optimization led to highest ever quarterly EBITDA
Mr. Mahendra Singhi MD & CEO of Dalmia Cement (Bharat) Limited was interviewed by Bloomberg Quint post announcement of second quarter results of FY21.
Putting the quarterly performance in perspective, Mr. Singhi reposed faith in Indian economy, its people and the government and credited Dalmia Team for an excellent performance. He added that improved trade volumes and cost optimization efforts in both fixed and variable costs have resulted in delivering 7% growth as well as the highest ever quarterly EBITDA of 703 crore.
Responding to a question about sustainability business margins in the event of increase in fuel costs, Mr Singhi pointed out that the 9% of company’s fuel consumption is from green sources and a higher reliance in future on green energy will help combat against increase in fossil fuel cost. He also highlighted that with acquisition of Murli Industries and capacity enhancement across other plants, the company will start reaping the benefits of new
capacity by last quarter of this financial year. He also indicated that the company is expected to outperform the industry in coming months.