 "Dalmia Bharat Q3FY25 results: Net profit falls 77% to Rs 61 crore")
Dalmia Bharat (Cement) reported a 77 per cent drop in net profit (attributable to the owners of the company) for the third quarter of the financial year 2025 (Q3FY25), as sales volumes and revenue took a tumble over weak demand.
For the quarter under review, the cement maker reported a net profit of Rs 61 crore, down from Rs 263 crore reported a year back. Revenue from operations in the same period dipped 11.7 per cent to Rs 3181 crore from a year ago. EBITDA for the company also fell 34.5 per cent from a year ago to Rs 511 crore, the company said.
EBITDA is earnings before interest, taxation, depreciation and ammortisation.
Dharmender Tuteja, Chief Financial Officer, Dalmia Bharat noted, “Cement demand growth in Q3 fell short of our earlier expectations. Our volumes de-grew by 2 per cent year-on-year (YoY) while EBITDA fell 34.5 per cent Y-o-Y to Rs 511 crore with persistent softness in cement prices.”
Cement volumes for the quarter under review declined two percent to 6.7 million tonnes, from a year ago. At Rs 765 per tonne, Dalmia’s EBITDA per tonne for the December ended quarter also took a 33.1 per cent hit from a year ago.
Commenting on the slump in demand, Puneet Dalmia, Managing Director and Chief Executive Officer for Dalmia Bharat Limited, said, “After multiple years of high growth, India witnessed a slightly slow start to the year, but government’s continuous focus on investment-led growth coupled with the strong structural growth drivers underpin my confidence in a rebound of the Indian economy.”
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He added, the company’s capacity expansion plans are on track, with plans to reach 49.5 million tonnes per annum (MTPA) by the end of this year. The company currently operates a capacity of 46.6 MTPA.
On the quarter ahead, Tuteja added, “With demand now gaining traction and prices showing signs of optimism, we are confident about a stronger performance in the upcoming quarters.”