Dalmia Bharat Q4 Review - Strong Performance Continues: Geojit

Dalmia Bharat Q4 Review - Strong Performance Continues: Geojit

A limestone and clay mix sits in a pile inside a cement plant. (Photographer: Gianluca Colla/Bloomberg)

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Geojit Research Report

Dalmia Bharat Ltd. is the fourth largest cement company in India with a capacity of approximately 30.7 metric tonne, focusing in South with 12.1 metric tonne and East and North-East with 18.6 metric tonne.

Q4 FY21 revenue grew by 32% year-on-year mainly aided by 24% YoY growth in volumes partially supported by low base.

Ebitda growth was robust at 53% YoY as Ebitda margin grew by 320 basis points YoY to 23.7%.

Out of 8 metric tonne capacity expansion in the East, 3.35 metric tonne has been completed, and the balance will be completed within 12-24 months.

Total capacity would be ~38 metric tonne post expansion.

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Geojit Dalmia Bharat Q4FY21 Result Review.pdf
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