Dalmia Bharat , a leading cement manufacturer, has reported a robust performance for the first quarter ended June 30, with significant improvements in profitability and operational efficiency.

Financial Highlights

The company's consolidated net profit for Q1 surged to ₹395.00 crores, marking a substantial 172.40% increase from the same period last year. This impressive growth in profitability comes alongside a 31.90% year-on-year increase in EBITDA, which stood at ₹883.00 crores.

Operational Performance

Dalmia Bharat demonstrated strong operational improvements during the quarter:

• Sales volume stood at 7.00 million tonnes.
• Net Sales Realization (NSR) per tonne increased by 6.60% year-on-year to ₹5,193.00.

Balance Sheet Strength

Dalmia Bharat maintained a strong financial position:

• Net Debt to EBITDA ratio stood at 0.33x as of June 30.

Expansion Plans

Dalmia Bharat announced significant capacity expansion plans:

• Strategic investment of ₹3,287.00 crores to establish a 3.60 MnTPA clinker unit with a 6.00 MnTPA grinding unit at its existing Kadapa plant in Andhra Pradesh.
• The new capacity is expected to be commissioned by Q2 FY28.
• This expansion is in addition to the previously announced 6.00 MnT expansion in Belgaum.

Other Developments

• The Board approved a request from Birla Tyres Limited for reclassification from promoter group category to public category, subject to stock exchange approval.

Dalmia Bharat's strong Q1 results, coupled with its expansion plans, position the company for continued growth in the Indian cement sector.

Dalmia Bharat , a prominent player in the Indian cement industry, has issued a clarification regarding recent news reports about Competition Commission of India (CCI) proceedings. The company has strongly refuted claims of a penalty being imposed on DCBL, which is presumed to be Dalmia Cement Bharat Limited, a subsidiary of Dalmia Bharat.

Clarification on CCI Proceedings

In a statement, Dalmia Bharat asserted that the reports suggesting a penalty on DCBL are "factually incorrect and misleading at this stage." This clarification comes in response to media reports that had circulated information about potential CCI actions against the company.

Importance of the Statement

The company's swift response to these reports underscores its commitment to maintaining transparency with its stakeholders. By addressing the issue promptly, Dalmia Bharat aims to dispel any misconceptions that may have arisen from the circulating news reports.

Implications for Investors

This clarification is significant for investors and market watchers, as it provides crucial context to the ongoing CCI proceedings. It emphasizes that no definitive action has been taken by the CCI against DCBL, contrary to what some reports may have suggested.

Moving Forward

As the situation develops, stakeholders will likely keep a close eye on any further communications from Dalmia Bharat or official statements from the Competition Commission of India. The company's proactive approach in clarifying its position demonstrates its dedication to clear communication with the market.

Investors and analysts are advised to rely on official company statements and regulatory filings for accurate information regarding the CCI proceedings and their potential impact on Dalmia Bharat and its subsidiaries.