Dalmia Cement Q3 net rises 74%

Dalmia Cement Q3 net rises 74%
28 January 2008

Riding on a stable demand,  Dalmia Cement (Bharat) Ltd today reported a 73.57 per cent jump in its profit after tax at INR112.54 crore for the quarter ended December 31, 2007 as compared to INR64.84 crore for the same period previous year.  
It also registered an increase of 58.96 per cent in its total income at INR458.54 crore in the third quarter of the current fiscal against INR288.46 crore in the corresponding period a year ago.  
"Despite a monsoon season, the cement demand was quite stable during the quarter. The demand in the southern states, where we operate, was 9.4 per cent during April-December period compared to all India demand of nine per cent," Dalmia Cement Managing Director Puneet Dalmia told PTI.  
The company today also declared a 125 per cent interim dividend, that is INR2.50 per share.  
"During the third quarter, our production increased to 7.4 lakh tonnes compared to 6.6 lakh tonnes in the same period in 2006," he said.  
The PAT for the nine months ended December 31 increased to Rs 277.15 crore from Rs 167.12 crore in the same period previous year.  
The total income for the first nine months stood at Rs 1,262.97 crore against Rs 810.15 crore during the corresponding period last fiscal.  
Published under Cement News