Dalmia Bharat Q2 PAT sees six-fold rise

Dalmia Bharat Group posted profit after tax of Rs 232 crore for Q2FY21 as against Rs 36 crore in the corresponding period last year, registering a six-fold increase.

The company announced its unaudited consolidated financial results for the quarter and half year ended September 30, 2020, recently.

While the sales volume increased 7 per cent YOY to 4.8MnT, the cement EBITDA margin increased 900 bps to 30 per cent. The company recorded the highest-ever quarterly EBITDA at Rs 702 crore.

Mahendra Singhi, CEO & MD, Dalmia Cement Bharat Limited, said, “The strength of our company’s foundation is visible in overall improvement in the operating metrics during the quarter and the half year. Our team has truly been instrumental to our success and we are completely geared up for a successful integration of the new capacity and ramping up its utilisation levels.”