Dalmia Cement (Bharat) Ltd. Announces Record Gross Sales of Rs.2344 crores for FY10 Declares 100% total dividend for the year
Dalmia Cement (Bharat) Ltd., reported its financial performance for the year ended 31st March 2010.
FY 10 Results
● ¾ Gross sales for the year ended March 2010 stood at Rs. 2344 crores reflecting a growth of 19% over the corresponding period last year.
● ¾ Total income for the year ended March 2010 is at Rs. 2194 crores as against Rs.1779 crores over last year,
registering an increase of 23%.
Q4 10 Results
● ¾ Records a Gross sales of Rs. 573 crores for the quarter ended March 2010 reflecting a growth of 8% over the corresponding period last year.
● ¾ Registers a Total income for the quarter ended March 2010 at Rs. 547 crores as against Rs. 492 crores over the corresponding period last year, an increase of 11%.
During the year, DCBL, increased its stake in OCL India ltd. to 45.4 %. OCL is a significant player in Eastern markets with business interests in cement and refractory. The company recently launched restructuring plans with a view to explore growth opportunities for independent entities of cement, sugar and power by attracting quality capital. In another significant development during the year KKR, global PE firm, has entered into a definitive agreement to invest upto Rs. 750 Cr making it the largest PE investment in cement industry in India.
The Board has recommended a final dividend of 50% (Rs. 1 per share of Rs. 2 each) in addition to 50% dividend paid earlier during the year thus taking the overall dividend for the year to 100%.
About Dalmia Cement (Bharat) Limited
DCBL, with a total income of Rs. 2194 crore in FY 10 and an expected total gross income of around Rs 2,500 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 a capacity of 9 million tonnes per annum. A leader in cement manufacturing since 1939, DCBL is a multi spectrum Cement player with double digit market share and a pioneer in super specialty cements used for Oil wells, Railway sleepers and Air strips. DCBL has a stake of 45.4 % in OCL India Ltd., a major cement Player in the Eastern Region. Dalmia Cement now controls a cement capacity of 14.3 million tonnes & has a strong presence in Southern & Eastern Regions of the Country. Under the restructuring scheme the cement business of Dalmia Cement (Bharat) Ltd. will stand demerged effective April 1, 2010 and will form part of Avnija Properties Ltd. The process of approval of the restructuring by Madras High Court is underway.
The Company has three integrated Sugar Mills in the state of Uttar Pradesh with total installed capacity of 22,500 tonnes 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 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 has been recognized and awarded Hewitt’s Best employer for the year 2009. It has been ranked among the Top Ten in the Manufacturing industry. DCBL is Head Quartered in New Delhi. It has employee strength of more than 3500 people. For more information about DCBL, please visit our website www.dalmiacement.com or contact us.