Dalmia Bharat Reports 60.5% YoY Decline in Q2 Profit, Revenue Dips 2.1%

21 Oct 2024 , 10:13 AM

Dalmia Bharat Ltd reported a significant 60.5% year-on-year decline in net profit for Q2 FY25, totaling ₹49 Crore, compared to ₹124 Crore in the same quarter last year.

The company’s revenue from operations decreased by 2.1% to ₹3,087 Crore, down from ₹3,153 Crore in Q2 FY24. Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) fell 26.8%, recording ₹434 Crore versus ₹593 Crore year-on-year.

The EBITDA margin decreased to 14.1%, down from 18.8% in the same quarter last year, reflecting operational challenges.

Dalmia Bharat declared an interim dividend of ₹4 (200%) per equity share, impacting 18,75,47,629 shares, with a record date set for October 26, 2024. Cement volumes saw an 8.4% year-on-year increase, reaching 6.7 million tonnes for Q2.

The company’s EBITDA per tonne was reported at ₹650, indicating profitability despite the overall revenue decline. Renewable energy consumption rose to 39%, with new Renewable Power Agreements executed for a cumulative 151 MW.

The net debt to EBITDA ratio remains low at 0.25x, highlighting financial stability. Managing Director Puneet Dalmia expressed optimism about the cement sector’s growth and announced plans for Phase II expansions aiming for 75 million tonnes by FY28.