Dalmia Bharat Q4 Review - Strong Performance Continues: Geojit
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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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