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Dalmia Bharat - Poor Q3; Price Hike A Must: Dolat Capital

Dalmia Bharat - Poor Q3; Price Hike A Must: Dolat Capital

<div class="paragraphs"><p>A worker prepares a cement wall covering at a construction site. (Photographer: Dean Hutton/Bloomberg)</p></div>
A worker prepares a cement wall covering at a construction site. (Photographer: Dean Hutton/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Dalmia Bharat Ltd. reported volume broadly in line, however revenue, Ebitda, Ebitda/tonne and realisation below estimates.

The company posted muted set of numbers with down 0.2%/ down 39.9%/ down 63.5% YoY growth in revenue/ Ebitda/profit after tax to Rs 27.3 billion/ Rs 4.1 billion/ Rs 650 million due to down 1.7%/ up 1.5% YoY growth in volume/ realisation (down 5.0% QoQ).

Dalmia Bharat expects to gain market share with capital allocation plans and 14-15% capacity compound annual growth rate from 30.8 million tonnes per annum in FY21 to 110-130 mtpa in FY31 (48.5/60 mtpa 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 Q3FY22 Result Update.pdf

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