Motilal Oswal: Dalmia Bharat - Strong Cost Control Drives Q2 Ebitda Beat
A worker levels a slab of cement at a construction site (Photographer: David Paul Morris/Bloomberg) 

Motilal Oswal: Dalmia Bharat - Strong Cost Control Drives Q2 Ebitda Beat

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Motilal Oswal Report

Dalmia Bharat Ltd.'s Q2 FY21 results were a surprise and driven by cost reduction, which led to record high Ebitda of Rs 7 billion (with Ebitda/tonne of Rs 1,463).

Volume grew 7% YoY, despite the South India market declining approximately 15% YoY.

While three million tonnes per annum Odisha clinker unit has started commercial production from October 01, 2020, 5.3mtpa of grinding capacity is expected to be commissioned over the next six months.

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Motilal Oswal Dalmia Bharat Q2FY21 Result Update.pdf


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