Dalmia Bharat Q3 results: Net profit rises multi-fold to Rs 183 cr

Cement maker Ltd on Thursday reported multi-fold bounce in its consolidated internet revenue to Rs 183 crore for the third quarter ended December 2020, helped by gross sales quantity progress and improve in margins.

The corporate had posted a internet revenue of Rs 26 crore in the course of the corresponding quarter of final fiscal, Dalmia Bharat mentioned in a regulatory submitting.

Its income from operations throughout October-December 2020 rose 18.16 per cent to Rs 2,857 crore, in opposition to Rs 2,418 crore within the year-ago interval.

Dalmia Bharat’s complete bills had been at Rs 2,586 crore in the course of the December 2020 quarter, up 5.08 per cent as in contrast with Rs 2,461 crore a yr in the past.

Its gross sales quantity was 5.80 million tonnes in the course of the quarter, an increase of 13.73 per cent as in opposition to 5.10 million tonnes.

Dalmia Cement Bharat CEO and MD Mahendra Singhi mentioned, “Dalmia Bharat has delivered one more quarter of robust Ebitda (earnings earlier than curiosity, tax, depreciation and amortisation) and PAT progress together with a quantity progress of 14 per cent.”

He added that premium merchandise registered a progress of 66 per cent year-on-year and the corporate maintained its progress on fossil gas substitution with different fuels and renewable vitality. “Our firm continues to focus and transfer upward in direction of the surroundings and sustainability.”

Shares of Dalmia Bharat Ltd on Thursday settled at Rs 1,265.25 apiece on the BSE, up 1.72 per cent from its earlier shut.

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