Dalmia Cement net jumps 5.53 times for Dec`06 qtr

Dalmia Cement net jumps 5.53 times for Dec`06 qtr
Published: 16 January 2007

Dalmia Cement (Bharat) disclosed a 5.53 times jump in net profits to Rs 648.40m for the quarter ending December 2006 from Rs 117.20m for the December 2005 quarter.

Sales for the quarter rose 66.34% to Rs 2,310.50m compared with Rs 1,389.00m for the corresponding quarter, a year ago.

Total income climbed 100.15% to Rs 2,947 million for the December quarter as compared with Rs 1,472.40 million for the quarter ended Dec. 2005.

The earnings per share (EPS) of the company stood at Rs 15.17 a share as compared to Rs 3.06 for the year-ago period.

Dalmia cements had recently announced plans to set up a four million-ton-per-annum (mtpa) capacity greenfield cement plant in Andhra Pradesh for an investment of Rs 14.5 billion.  The expansion will be funded by raising external money and would take the total cement capacity controlled by the company to about 12 million tons.