Dalmia Bharat Limited Announced its Quarterly and Half Yearly Financial Results

Dalmia Bharat Limited today announced its consolidated financial results for the Quarter and Half year ended September 30, 2015

Total Income from operations for the quarter was  1,439 crore as against  722 crore for the corresponding period of previous year, led by increase in sales volume and realizations.

EBITDA margin for the quarter under review improved to 22% led by better branding, volume growth and optimization of costs. EBITDA on per tonne basis was 1,150 up by 55% as compared to corresponding quarter of previous year.  Total cost on per tonne basis reduced by 10% from  3,994 to  3,614, led by savings in variable cost.

Variable cost for the quarter has witnessed reduction of 14% as compared to corresponding quarter of previous year and down by 4% on QoQ basis.

Power & Fuel cost on per tonne basis at  726 was lower by 36% on YoY basis and 2% on QoQ basis, led by continuous drive to use most economic fuel and improvise heat efficiency. Petcoke consumption has further increased to 71% in Q2 FY16 vs. 64% in Q1’16.

Freight on per tonne basis at  849 has been brought down by 5% on YoY basis and 8% on QoQ basis, led by implementation of various logistics cost reduction initiatives and lower diesel prices.

The company is committed to further optimize the operational efficiencies coupled with continuing focus on premium branding.

Outlook

Revival of cement demand has been delayed than expected. India being an economy largely driven by domestic consumption is expected to be benefited by the initiatives undertaken by the Government. Improving macro fundamentals and enhanced thrust on development through enforcement of key policy decisions, we expect India’s economic growth to pick up.

About Dalmia Bharat Limited

Dalmia Bharat Limited (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in MSE), is a leading player in the cement manufacturing since 1939. It is the third largest cement group in India and has been in existence for more than 75 years. With a growing capacity, currently pegged at 24 MnT, Dalmia Cement is a top quartile player in India. The company is a category leader in super-specialty cements used for oil wells, railway sleepers and air strips and is the country’s largest producer of slag cement. DCBL increased its stake in OCL from 48% to 74.6 %.Dalmia Cement joined Cement Sustainability Initiative (CSI), a sector project of World Business Council for Sustainable Development (WBCSD), in 2012.

Visit us at www.dalmiabl.com