Page 5 - Dalmia Bharat

Dalmia Bharat gets securities worth Rs 344 cr back from IL&FS Securities

Cement maker Dalmia Bharat Ltd on Friday said securities worth Rs 344 crore have been credited back to the demat account of its arm by IL&FS Securities Services following an order of the Supreme Court. Mutual fund units of its two erstwhile subsidiaries were earlier "fraudulently and illegally transferred" by Allied Financial Services Pvt Ltd (AFSPL) "in collusion with IL&FS Securities Services Limited (ISSL)", Dalmia Bharat said in a regulatory filing. The two subsidiaries were of Dalmia Bharat's step-down firm Dalmia Cement (Bharat) Limited (DCBL). "We hereby further update that the said Securities of DCBL lying with ISSL were released in favour of DCBL and credited back to its demat account as per said order of the Supreme Court," it said. Earlier on March 16, 2021, the Supreme Court had modified its previous order of August 2019 and had allowed the release of the securities. The apex court had directed "release of the Mutual fund units of two erstwhile subsidiaries of ...

SC orders restoration of MF units to Dalmia Bharat Group; stock zooms 11%

The Supreme Court on Tuesday ordered IL&FS Securities Services to release mutual fund units worth Rs 344 crore to the Dalmia Bharat Group

Dalmia Bharat Sugar sees 39% rise in profir at Rs 37 cr for Dec quarter

Dalmia Bharat Sugar and Industries on Friday reported a 39 per cent rise in consolidated net profit at Rs 37.10 crore for the quarter ended December on higher income.

Dalmia Bharat's net profit rises multi-fold to Rs 183 cr in Dec quarter

The company had posted a net profit of Rs 26 crore during the corresponding quarter of last fiscal, Dalmia Bharat said in a regulatory filing

Surprise amid pandemic: Firms across sectors beat Q2 earnings expectations

Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22

Infosys, PI Industries, ICICI Bank: Top picks of brokerages for Samvat 2077

According to Axis Securities, the small and midcaps are picking up steam and they should deliver solid returns in 2021 as economic uncertainties will reduce and volatility will decline

Dalmia Bharat Sugar & Industries Q2 profit up 11% at Rs 55.55 crore

Its net profit stood at Rs 50.13 crore in the year-ago period

Dalmia Bharat surges 6%, hits 52-week high on strong Q2 results

The company reported an increase of 40 per cent YoY in Ebitda/t at Rs 1,457 due to a conscious and continuous containment of both variable & fixed costs

Dalmia Bharat: Charting higher growth via expansions, acquisition

Murli Industries' acquisition will drive market share gains in west India, while multiple expansions continue in east and south

Dalmia Bharat's Q1 net profit rises 23.7% to Rs 188 cr, revenue dips 22%

Dalmia Bharat's total expenses fell 25.54 per cent to Rs 1,734 crore in June quarter as against Rs 2,329 crore in Q1FY20

Dalmia Bharat Sugar's Q1 net profit jumps over two-folds to Rs 125.86 cr

The company had posted a net profit of Rs 54.39 crore in the same quarter year ago, according to a regulatory filing.

Sensex gains 180 pts, broader indices outperform; Glenmark Pharma soars 27%

All that happened in the markets today

Dalmia Cement to appeal to NCLAT to save its subsidiary Calcom

Calcom was admitted to NCLT following an appeal from Mauritius based GuarantCo Ltd, a financial creditor who has alleged dues of Rs 100 crore

UltraTech, Ramco Cements: Analysts see significant upside in cement stocks

Amid the gloomy GDP print; however, what is noteworthy is that the government spending rose sharply to 15.6 per cent during the quarter, as against 8.8 per cent in 1QFY20.

Sturdy volumes, market share gains to boost Dalmia Bharat's prospects

Analysts at Anand Rathi say that with fresh capacities coming up and prices in the East rising, they expect volume and revenue growing well over FY19-21

Dalmia Cement reworks its portfolio, but will the consumer bite the bait?

In recent years, cement companies like Birla Corporation have also taken a similar path - come up with a flagship brand as part of its plans to become a national player

Top 10 biz headlines: Adani expansion plan, promotions at Wipro, and more

From Adani Group's plans to invest Rs 18,000 crore in airport business to Wipro promoting over 5,000 employees to check attrition rate, here are the top 10 business headlines on Monday

Dalmia Bharat Cement plans expansion, aims to become pan-Indian player

The Murli Cement deal, which comes Riders, will establish the Company's presence in Maharashtra; firm has started process of acquiring land for new plant in Rajasthan

Dalmia Bharat posts Rs 36 crore consolidated profit in September quarter

The company registered a consolidated revenue of Rs 2,285 crore in the July-September period, over Rs 2,173 crore in the year-ago quarter

Dalmia Bharat lines up Rs 3,500 cr capex to ramp up capacity by next March

The brownfield expansion in east India involves increasing the capacity in its West Bengal plant from 1.3 mtpa to 4 mtpa and in its Rajgangpur plant by another 3 mtpa