Dalmia Bharat Limited reported its Q2 FY25 results, with an 8.4% year-on-year (YoY) increase in cement volume, reaching 6.7 million tonnes (MnT).
Despite this volume growth, revenue from operations fell by 2.1% YoY to ₹3,087 crore, reflecting price softness in the cement sector. Additionally, the company has declared an interim dividend of ₹4 per equity share (200%).
The record date for the dividend has been set as Saturday, October 26, 2024, to determine shareholder eligibility for the interim payout.
While revenue took a hit, Dalmia Bharat continues to focus on long-term sustainability and cost optimization, with significant steps taken in renewable energy consumption, which now stands at 39%. Despite external challenges, the company remains committed to expansion, aiming to achieve its 75 MnT capacity milestone by FY28.
Commenting on the company’s performance in Q2 FY25, Mr. Puneet Dalmia, Managing Director & CEO of Dalmia Bharat Limited, expressed optimism about India’s economic growth, stating, “India’s economic resilience with the Government’s sustained thrust on building infrastructure and promoting the manufacturing sector underpins my conviction in India’s growth. I believe that as India grows, the cement sector, being a proxy, will continue to flourish. We are actively working to announce our Phase II expansions within the next 9 months and achieve our interim milestone of 75 MnT by FY28.”
Mr. Dharmender Tuteja, Chief Financial Officer of Dalmia Bharat Limited, also commented on the results, stating, “I am pleased that we delivered a strong volume growth of 8.4% YoY in Q2 FY25. However, the continuous and unprecedented softness in cement prices resulted in a revenue decline of 2.1% to ₹3,087 crore, and EBITDA falling 26.8% YoY to ₹434 crore for the quarter. While external challenges weighed on profitability, we remain focused on long-term cost drivers for margin improvement.”
