Dalmia Bharat’s profit rises 9 per cent YoY to $1.43 bn in 2021

05 May 2021 CW Team

Indian business conglomerate Dalmia Bharat Group has reported that its consolidated profit rose by 9 per cent year-on-year (YoY) to $1.43 billion in FY21 from $1.31 billion in the same period in 2020.

During this financial year, which ended on March 31, 2021, its sales volumes of cement increased by 7 per cent to 20.7 million tonne (mt) from 19.3 mt.

Their earnings before interest, taxation, depreciation, and amortisation (EBITDA) rose by 32 per cent to $377 million from $285 million.

Managing Director of Dalmia Bharat Puneet Dalmia told the media that he is delighted with their company's performance this year. The performance is subsidised by broad-based revenue growth of 9 per cent across each region of their operation and EBITDA margin extension.

Through a much organised and disciplined implementation, the company has increased their capacity by 16 per cent while at the same time they were pre-paying their gross debt.

The cement maker reported a 24 per cent YoY increase in volume at 6.42 mt, the highest in a quarter in the three months ended March.

This came mainly on the back of increased demand, the government's push toward infrastructure and low-cost housing projects. Dalmia Bharat's revenue in the fourth quarter, too, increased 32 per cent over the year-earlier to Rs 3,280 crore. Dalmia Bharat, however, postponed the announcement of its capital allocation policy due to the pandemic.

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Also read: Dalmia to spend Rs 20 bn for new cement plant in Karnataka

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