One of the largest cement manufacturer in India, Dalmia Bharat, posted a strong quarterly result with total revenue amounting to Rs. 2368 crores, a 16% year on year rise. It also sold 4.5 million tonnes within the period of April-June 2018 posting a 13% year on year volume growth. It is their third consecutive quarter with a double-digit volume growth rate.
Although the Earnings before interest tax depreciation amortization (EBITDA) declined 6% year on year basis to Rs. 507 crores and 12% quarter on quarter basis from Rs. 576 crores in the March-end quarter of 2018. Realisation increased by 3% quarter on quarter due to higher sales of premium products.
Dalmia cement announced their merger with Orissa cement in 2016, which will increase their capacity to 5.3 Million tonnes (MT). The merger is expected to be completed within the next two quarters. Dalmia cement is also in the set to acquire Kalyanpur Cement after the approval from National Company Law Tribunal (NCLT) and awaiting the approval from NCLT regarding Murli Industries.