+
Dalmia Bharat’s net profit in Q3 FY21 rises to 183 cr
Cement

Dalmia Bharat’s net profit in Q3 FY21 rises to 183 cr

Cement manufacturing major Dalmia Bharat Ltd announced a surge in its net profit to Rs 183 crore for the quarter (Q3) ended December 2020, backed by a rise in its sales volume growth and rise in margins. The Indian cement conglomerate had published a net profit of Rs 26 crore during the quarter of last monetary year in a regulatory filing.

The company's income in effect during the months of October and December 2020 rose to Rs 2,857 crore by 18.16 %, and its total expenses went up by 5.08% to Rs 2,586 crore during the corresponding year, against Rs 2,418 crore and Rs 2,461 crore in 2019 respectively.

In 2020, Dalmia Bharat also experienced an increase in its sales volume by 13.73% to 5.80 million tonne (mt) against 5.10 mt the year before.

Dalmia Bharat told the media that the premium products experienced a 66% boost each year, and the company had stable progress on fossil fuel substitution with alternative fuels and renewable energy.

Shares were settled at Rs 1,265.25 each on the Bombay Stock Exchange (BSE), after 1.72% from its previous close.

Image Source


Also read: Dalmia's big sustainability plans: Exclusive interview

Also read: Cement industry witnesses reduction in production

Cement manufacturing major Dalmia Bharat Ltd announced a surge in its net profit to Rs 183 crore for the quarter (Q3) ended December 2020, backed by a rise in its sales volume growth and rise in margins. The Indian cement conglomerate had published a net profit of Rs 26 crore during the quarter of last monetary year in a regulatory filing. The company's income in effect during the months of October and December 2020 rose to Rs 2,857 crore by 18.16 %, and its total expenses went up by 5.08% to Rs 2,586 crore during the corresponding year, against Rs 2,418 crore and Rs 2,461 crore in 2019 respectively. In 2020, Dalmia Bharat also experienced an increase in its sales volume by 13.73% to 5.80 million tonne (mt) against 5.10 mt the year before. Dalmia Bharat told the media that the premium products experienced a 66% boost each year, and the company had stable progress on fossil fuel substitution with alternative fuels and renewable energy. Shares were settled at Rs 1,265.25 each on the Bombay Stock Exchange (BSE), after 1.72% from its previous close. Image SourceAlso read: Dalmia's big sustainability plans: Exclusive interview Also read: Cement industry witnesses reduction in production

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code