Cement News tagged under: Dalmia Bharat Ltd

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Dalmia Bharat Ltd reports 77% fall in consolidated net profits in Jul-Sep quarter

04 November 2022, Published under Cement News

Dalmia Bharat Ltd has   reported a 76.84 per cent decline in consolidated net profit at INR470m (US$5.68m) for the quarter ended September. The company had posted a net profit of INR2030m during the July-September quarter a year ago, Dalmia Bharat said in a regulatory filing. Its revenue from operations increased 15.11 per cent to INR29,710m in the second quarter of the current fiscal. In the year-ago period, the same stood at INR25,810m. Dalmia Bharat's total expenses rose nearly 29...

Dalmia Bharat Ltd reports revenue of INR33,020m in 1QFY22-23

10 August 2022, Published under Cement News

Dalmia Bharat Ltd reported its consolidated financial results for the quarter ending 30 June 2022 (1QFY2023) with revenue totalling INR33,020m (US$414.8m) compared to INR25,910m in the 1QFY2022. EBITDA reached INR5860m in the 1QFY2023 down from INR7130m in the 1QFY2022. Sales volumes rose by 27.3 per cent to 6.2Mt from 4.9Mt in the 1QFY2022. Profit after tax totalled INR2050m in the 1QFT2023 down 26.8 per cent from INR280m in the 1QFY2022. Commenting on the quarter gone by, Puneet Dalm...

Dalmia Bharat Ltd announced INR90,000m capex spending

10 June 2022, Published under Cement News

Dalmia Bharat  Ltd has said that the government's continued focus on the infrastructure and housing sectors builds ‘optimism’ for the cement industry and the company has committed to a capex of over INR90,000m to expand its manufacturing capacity over the next few years to meet the growing demand.     "Aligned with the government's vision of building a stronger India, we committed a capex of INR90,000m over the next few years. We are eyeing greenfield units and the debottlenecking...

Dalmia Bharat Ltd records rising sales volumes of 22.2Mt in FY22

11 May 2022, Published under Cement News

Dalmia Bharat Ltd reported its FY22, for the period ending 31 March 2022, with sales volumes reaching 22.2Mt compared to 20.7Mt in FY21. The company’s EBITDA totalled INR112,860m (US$1461m) in the FY22 up from INR101,100m in the FY21. However, Dlamia Bharat’s profit after tax reached INR11,600m compared to INR11,860m in the FY22. Dalmia Bharat’s 4QFY22 sales totalled 6.6Mt compared to 6.4Mt in the 4QFY21. EBITDA in this period totalled INR6830m down from 7680m in the 4Q21. Profit after ...

Dalmia Bharat joins the Holcim India race

03 May 2022, Published under Cement News

Dalmia Bharat Ltd is reportedly planning to bid for Holcim’s India businesses. According to sources close to Dalmia, the company is in talks with banks to secure financing for the bid which would add almost 65Mta of capacity to Dalmia’s existing 35Mta.    UltraTech Cement, part of the Aditya Birla Group, is also planning to join the race for the Holcim assets - ACC Ltd and Gujarat Ambuja Ltd – but is concerned that its current capacity of almost 120Mta may come up against resistance fro...

Dalmia Cement to support FIFA U-17 World Cup India

04 October 2017, Published under Cement News

Dalmia Cement Bharat Ltd has signed up as a National Supporter of the FIFA U-17 World Cup India 2017, which kicks off on 6 October 2017. Chairman of the Local Organising Committee and President of the All India Football Federation Praful Patel said: "Dalmia has shown its commitment to the future of Indian youth with its partnership with the FIFA U-17 World Cup. We welcome them and salute their commitment." Dalmia Cement Bharat Ltd CEO Mahendra Singhi said: "Dalmia is extremely delighted to...

KKR to swap stake in Dalmia Cement with listed parent

18 January 2016, Published under Cement News

Private equity firm KKR is swapping its stake in Dalmia Cement for a piece of its public listed parent, according to a stock market disclosure on Friday. "Dalmia Bharat Ltd (DBL) signed a definitive agreement with KKR, under which it will acquire KKR's 15 per cent stake in DCBL in return of KKR getting 8.5 per cent stake in DBL as well as INR600 crore [INR6bn/US$88.7m] in cash," Punit Dalmia, managing director of Dalmia Bharat Group, told the Press Trust of India. This deal not only simpl...