Dalmia Cement (Bharat) Limited Half yearly profits jump up by 24% in FY10 and clocks net sales of Rs 1,111 crores
New Delhi, October 28th, 2009: Dalmia Cement (Bharat) Limited (DCBL), one of the leading cement manufacturing companies in India, announced its financial performance for the quarter ending September 30, 2009 in the capital today.
Commenting on the company’s results Mr. Puneet Dalmia, Managing Director, DCBL said, “We witnessed subdued growth in the cement business on account of seasonality and slower ramp ups. Turnaround in the end user industry augurs well with the company’s growth plans.”
He also added, “The sugar business profitability has been driven by the improved realizations of 55% and volume growth of 44%. New Fixed Remuneration Prices (FRP) regulations for cane procurements is specifically beneficial to the company since our Sugar Plants are in UP. Upward revision by 26% of Power tariff for power generated by cogen in UP will benefit the company
Recorded Net Sales of Rs. 1,111 crores for the half year ended September 2009, reflecting a growth of 29% over Rs. 864
crores in the corresponding period last year.
Net Profit for the half year ended September 2009 increased to Rs 112 crores as against Rs. 91 crores over the
corresponding period last year, registering 24% growth.
EBITDA for the half year was up by 26% and stood at Rs. 309 crores compared to Rs. 246 crores in the corresponding period
Registers a higher Net Sales for the quarter ended September 2009 at Rs. 559 crores as against Rs. 449 crores over the
corresponding period last year, an increase of 24%.
Net Pofit is up by 34% to 54 crores compared to Rs.40 crores recorded during the same period last year.
EBITDA for the quarter ended September 2009 grew by 28% to Rs. 149 crores from Rs. 117 crores recorded last year
About Dalmia Cement (Bharat) Limited
DCBL, with an expected total gross income of around Rs 3,000 crore has business interests in two major segments, Cement and Sugar. It has cement plants in Southern States of Tamil Nadu (Dalmiapuram & Ariyalur) and Andhra Pradesh (Kadapa), with capacity of 9 million tonnes per annum. Pioneer in cement manufacturing since 1939, DCBL is a leading multi spectrum Cement player in South India with double digit market share and is a pioneer in super specialty cements like Oil well, Railway sleeper and Air strip.
The Company has three Integrated Sugar Mills in the State of Uttar Pradesh with total installed capacity of 22,500 tons of cane crush per day leading to sugar manufacturing of about 300,000 MT per annum, distillery capacity of 80 KL per day & cogeneration facility. It has been ranked amongst the Top 10 players in the sugar industry within a short span of operations in terms of income.
The company has charted out an ambitious growth plan, which is being executed by a professional management team under the guidance of the experienced promoters of the Group.
The company produces around 160 MW of Power through thermal and renewable energy with an aim to increase the power generation from non-conventional methods.
Over the 7 decades, the company has earned the trust of the employees, distribution chain as well as all its stakeholders. The company is looked upon and respected for being a value-based organization. DCBL is Head Quartered in New Delhi. It has employee strength of more than 3500 people.