Here is what you need to know about the Dalmia Bharat results, a cement company and part of the Dalmia group of Kolkata.
· The company reported second quarter PAT growth of more than six-fold or a growth of around 500% at Rs.232 crore for the quarter.
· For the Sep-20 quarter, Dalmia Bharat reported 7.8% increase in sales revenues at Rs.2410 crore. From the COVID impact of Jun-20, the bounce was quite sharp and also quite rapid.
· Let us turn to operations now. For the Sep-20 quarter, operating profits were up a massive 7-fold at Rs.404 crore.
· The sharp spike in the operating profit performance was on the back of higher sales, better absorption of fixed costs, lower power costs and reduced other expenses.
· As a result, the operating profit margin or OPM of Dalmia Bharat expanding from 2.46% to 16.76% in the Sep-20 quarter. That is a massive expansion in OPMs.
· Profit after tax or PAT for the Sep-20 quarter was up more 500% to Rs.232 crore. This was possible due to higher sales and lower costs, despite higher tax impost.
· Consequently, the PAT margins or the net profit margins expanded from 1.61% to 9.63% reflecting a massive jump in the second quarter.
· Let us sales volumes in terms of tons sold. The volume of sales for the quarter increased 7% yoy at 4.8 million tons or MT as it is better known. There was positive price support which enhanced sales.
· The quarterly EBITDA of Rs.702 crore was a sort of all-time record in the history of the company in terms of core profitability of the company.
· In terms of financial risk reduction, Dalmia Bharat also repaid net debt to the tune of Rs.246 crore during the quarter and reduced net debt / EBITDA ratio to 0.87X.
· In the Sep-20 quarter, the only hitch for Dalmia Bharat was the seasonal weakness in cement prices in the Eastern sector, but the impact was quite limited.
Here is what you need to know about the Dalmia Bharat results, a cement company and part of the Dalmia group of Kolkata.
· The company reported second quarter PAT growth of more than six-fold or a growth of around 500% at Rs.232 crore for the quarter.
· For the Sep-20 quarter, Dalmia Bharat reported 7.8% increase in sales revenues at Rs.2410 crore. From the COVID impact of Jun-20, the bounce was quite sharp and also quite rapid.
· Let us turn to operations now. For the Sep-20 quarter, operating profits were up a massive 7-fold at Rs.404 crore.
· The sharp spike in the operating profit performance was on the back of higher sales, better absorption of fixed costs, lower power costs and reduced other expenses.
· As a result, the operating profit margin or OPM of Dalmia Bharat expanding from 2.46% to 16.76% in the Sep-20 quarter. That is a massive expansion in OPMs.
· Profit after tax or PAT for the Sep-20 quarter was up more 500% to Rs.232 crore. This was possible due to higher sales and lower costs, despite higher tax impost.
· Consequently, the PAT margins or the net profit margins expanded from 1.61% to 9.63% reflecting a massive jump in the second quarter.
· Let us sales volumes in terms of tons sold. The volume of sales for the quarter increased 7% yoy at 4.8 million tons or MT as it is better known. There was positive price support which enhanced sales.
· The quarterly EBITDA of Rs.702 crore was a sort of all-time record in the history of the company in terms of core profitability of the company.
· In terms of financial risk reduction, Dalmia Bharat also repaid net debt to the tune of Rs.246 crore during the quarter and reduced net debt / EBITDA ratio to 0.87X.
· In the Sep-20 quarter, the only hitch for Dalmia Bharat was the seasonal weakness in cement prices in the Eastern sector, but the impact was quite limited.