Dalmia Bharat's net profit dips 29.76% in Q1 FY24
Dalmia Bharat's net consolidated total income stood at Rs 3,681 crore in Q1 FY24, a growth of 10.64 per cent from Rs 3,327 crore it recorded in the similar quarter last year.
Dalmia Bharat's net consolidated total income stood at Rs 3,681 crore in Q1 FY24, a growth of 10.64 per cent from Rs 3,327 crore it recorded in the similar quarter last year.
The company's profitability will gradually improve as the prices of crude and coal have corrected from their peak, resulting in normalisation in the operational costs, it added.
The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds).
Dalmia Cement (Bharat) Ltd (DCBL), a subsidiary of Dalmia Bharat, on Tuesday executed definitive agreements with JAL for the acquisition of JP Super Cement Plant in Uttar Pradesh at an enterprise value of Rs 1,500 crore and costs and expenses of up to Rs 190 crore.
Dalmia Bharat's total consolidated income stood at Rs 3,953 crore in Q4 FY23, a growth of 15.18 per cent from Rs 3,432 crore it recorded in the similar quarter last year.
Dalmia Cement (Bharat) is a wholly owned subsidiary of Dalmia Bharat (DBL) which has been in business of the manufacture and sale of cement for over 80 years.
Dalmia Bharat's consolidated total income stood at Rs 3,390 crore in Q3 FY23, a growth of 22.60 per cent from Rs 2,765 crore it recorded in the similar quarter last year.
In September 2018, ICICI Bank filed an insolvency petition against JAL but the matter is still pending before the Allahabad bench of the National Company Law Tribunal (NCLT).
The plants have a total cement capacity of 9.4 million tonnes (MnT) along with clinker capacity of 6.7 MnT and Thermal Power plants of 280 megawatt (MW). The said plants are situated at Madhya Pradesh, Uttar Pradesh, and Chhattisgarh.
Its revenue from operations increased 15.11 per cent to Rs 2,971 crore in the second quarter of the current fiscal. In the year-ago period, the same stood at Rs 2,581 crore.
Large manufacturers, such as UltraTech Cement, Ambuja Cements and ACC, have better bargaining power given their scale which helps them achieve lower cost of production compared with smaller rivals. They also tend to have better distribution channels, which helps them improve their market share and capacity utilisation.