Companies

Dalmia Bharat Q4 net profit jumps over two-fold at ₹264 crore

PTI New Delhi | Updated on May 10, 2019 Published on May 10, 2019

Credits- Screengrab from @DalmiaBharat twitter account.

Cement maker Dalmia Bharat Ltd., on Friday reported over two-fold jump in its consolidated net profit at ₹264 crore for the fourth quarter, which ended on March 2019.

The company had posted a net profit of ₹124 crore in the January-March quarter a year ago, Dalmia Bharat said in a BSE filing.

Its total revenue during the quarter under review rose 7.79 per cent to ₹2,905 crore as against ₹2,695 crore in the corresponding period of the previous fiscal.

Dalmia Bharat’s total expenses stood at ₹2,641 crore, up 4.88 per cent from ₹2,518 crore in the year-ago period.

Its sales volume was up 7.52 per cent to 5.57 million tonne (MT) as against 5.18 MT in the January-March quarter a year ago.

“The sales volume growth for the company has been 8 per cent and 10 per cent YoY, respectively, in January-March and 2018-19. With the increase in volumes, the company has achieved a capacity utilisation of 72 per cent during 2018-19 as against 68 per cent in 2017-18,” Dalmia Bharat said in a statement.

For the 2018-19 fiscal, the company’s net profit was ₹349 crore as against ₹291 crore in 2017-18.

Its total income stood at ₹9,728 crore in 2018-19. It was ₹9,101 crore in the previous fiscal.

Shares of Dalmia Bharat were trading at ₹1,116 on the BSE, up 0.45 per cent from the previous close.

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Published on May 10, 2019
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