Expanding Footprint with a Stronger Balance Sheet
New Delhi, 5th November, 2020: Dalmia Bharat Limited announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2020.
● Sales Volume increased 7% YOY to 4.8MnT
● Cement EBITDA margin increased 900 bps to 30%
● Highest ever quarterly EBITDA at 702Cr
● PAT increased six folds to Rs. 232Cr
● Achieved a Net Debt to EBITDA at 0.87
● Repaid Gross Debt Rs. 246Cr (Rs. 754Cr in H1’21)
● Acquisition of Murli Industries completed
Integrated plant with installed capacity of 3MnT
Thermal power plant of 50MW and
Marks our manufacturing presence in the state of Maharashtra
● Successful completion of Share buyback program
61.66 Lakh shares bought back from open market for Rs. 329Cr
Total no. of fully paid up shares as on date 18.67Cr
●Started commercial production of the clinker line of 3MnT at Odisha w.e.f 1st Oct 2020
Mr Mahendra Singhi, CEO & MD – Dalmia Cement Bharat Limited commented, “The strength of our company’s foundation is visible in overall improvement in the operating metrics during the quarter and the half year. Our team has truly been instrumental to our success and we are completely geared up for a successful integration of the new capacity and ramping up its utilization levels. Our EBITDA at Rs. 702Cr is the highest ever for the company during a quarter.”
The company achieved a volume growth of 7% YOY on the back of demand from Rural segment and pickup in Government’s infrastructure and low cost housing projects. The Eastern states continued to outperform with green shoots of demand revival visible in South in the latter part of the quarter.
We witnessed a seasonal weakness of cement prices during the quarter, especially in Eastern region.
We accomplished an increase of 40% YOY in EBITDA/T at Rs. 1457 due to a conscious and continuous containment of both variable & fixed costs.
With a clear focus to strengthen the balance sheet and have a robust cash position, we have during the quarter repaid close to Rs. 246Cr of gross debt and our Net Debt to EBITDA ratio is now at 0.87x.
About Dalmia Bharat Ltd.
Dalmia Bharat Limited (DBL) (BSE/NSE Symbol: DALBHARAT), is a pioneer in cement manufacturing since 1939. With a growing capacity, currently pegged at 27 MTPA, DBL has the fourth largest cement manufacturing capacity in the country. Spread across nine states and 12 manufacturing units, the company is a category leader in super-specialty cements used for oil well, railway sleepers and air strips and is the country’s largest producer of slag cement. It has been globally ranked no. 1 by CDP (formerly Carbon Disclosure Project) for business readiness of lowest carbon transition. DBL also has the lowest carbon footprint in the cement world, globally. It is the first cement Company across the globe to join RE 100 and EP 100 - showing real business leadership in the clean energy transition by taking a joined-up approach. Visit us at https://www.dalmiabharat.com
Dalmia Bharat Group