Dalmia Bharat Q1 Review - Strong Quarter; Fair Valuation: Dolat Capital

Dalmia Bharat Q1 Review - Strong Quarter; Fair Valuation: Dolat Capital

Small rock, pumice, and sand, different types of block material, sit in a pile before being mixed into cement during production. (Photographer Meg Roussos/Bloomberg)

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Dolat Capital Report

Dalmia Bharat Ltd. reported revenue, Ebitda, volume and realisation below estimates; Ebitda/tonne above estimates whereas profit after tax in line.

The company posted good set of numbers with up 36.2%/ up 13.8%/ up 37.8% y-o-y growth in revenue/ Ebitda/ profit after tax to Rs 25.9 billion/ Rs 7.0 billion/ Rs 2.7 billion led by up 33.6%/ up 1.9% y-o-y growth in volume/ realisation (up 8.0% q-o-q).

Dalmia expects to gain market share with capital allocation plans and 14-15% capacity expansion compound annual growth rate from 30.8 million tonnes per annum in FY21 to 110- 130mtpa in FY31 (48.5/60mtpa by FY24/FY25).

This is structurally positive as it enhances growth visibility.

Click on the attachment to read the full report:

Dolat Capital Dalmia Bharat Q1FY22 Result Update.pdf
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