Dalmia Bharat Q3 PAT down -47.8% at Rs95cr on account of surge in power and fuel costs in the quarter

28 Jan 2022 , 05:01 PM

Dalmia Bharat Ltd reported -0.22% flat yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs2,731cr. On a sequential basis, the revenues were higher for the quarter by 5.98%. During the quarter, the company reported 5.7 MT of cement. It also commercialized the 2.9 MT Murli cement plant in Maharashtra. This takes the total installed cement capacity of Dalmia Bharat to 35.9 MT. Volumes were slightly lower compared to 5.8 MT in the previous quarter. It has sold the Hippo stores retail business for Rs155cr.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -47.8% at Rs95cr on higher account of a surge in the power and fuel costs by 13.8% at Rs668cr due to the shortage of power supply and coal. For the quarter, the EBITDA fell yoy from Rs681cr to Rs409cr due to cost spike. Today, Dalmia Bharat already has the fourth highest cement installed cement capacity in India. Net margins tapered from 6.65% in the Dec-20 quarter to 3.48% in the Dec-21 quarter. Net margins were also sharply lower sequentially.

Financial highlights for Dec-21 compared yoy and sequentially

	Dalmia Bharat
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 2,731.00	₹ 2,737.00	-0.22%	₹ 2,577.00	5.98%
Net Profit (Rs cr)	₹ 95.00	₹ 182.00	-47.80%	₹ 204.00	-53.43%
Diluted EPS (Rs)	₹ 5.06	₹ 9.68		₹ 10.87
Net Margins	3.48%	6.65%		7.92%