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News Topical, Digital Desk : Cement company Dalmia Bharat has released its second quarter results. The company's profits have increased significantly compared to last year. Profits have also been slightly better than market expectations. Revenue, EBITDA, and margins have all shown year-over-year growth. Margins have also exceeded market expectations. The company has announced a dividend along with the results. The company is going to pay its investors a dividend of Rs 4. The record date for the dividend has been set for October 25th. Following the results, the stock has seen gains, rising more than 1%.
The cement manufacturer's net profit increased nearly fivefold year-over-year to ₹239 crore (approximately $2.3 billion), compared to ₹49 crore (approximately $4.9 billion) in the same quarter last year. The profit also exceeded CNBC-TV18's estimate of ₹230 crore (approximately $2.3 billion).
Revenue grew 11.4% to ₹3,417 crore (approximately $3.4 billion), compared to ₹3,067 crore (approximately $3.4 billion) in the same period last year. However, this figure fell slightly short of CNBC-TV18's estimate of ₹3,465 crore (approximately $3.4 billion). The company also saw significant improvement in EBITDA (earnings before interest, taxes, depreciation, and amortization). Dalmia Bharat's EBITDA grew 60.4% to ₹696 crore (approximately $4.3 billion) compared to ₹434 crore (approximately $4.3 billion) in the same period last year. This performance also exceeded market expectations of ₹686 crore (approximately $6.8 billion). The company's EBITDA margin was 20.4%, significantly better than the previous year's 14% and also exceeding CNBC-TV18's estimate of 19.8%.
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