Dalmia Bharat’s profit slumps 60% in September quarter on weak pricing
Dalmia Bharat’s profit slumped by three-fifths in the September quarter as weak prices of cement weighed on earnings, even as the cement-maker sold more cement during the quarter as compared to the previous year.
The New Delhi-based company clocked in a net profit of Rs 49 crore for the quarter, down more than 60% on year, while income from operations was more than 2% lower at Rs 3,087 crore.
Even though it sold 6.7 million tonne of cement during the quarter – over 8% higher as compared to the previous year – earnings before interest, tax, depreciation and amortization fell nearly 27% on year to Rs 434 crore.
“…the continuous & unprecedented softness in cement prices resulted in revenue declining 2.1% to Rs 3,087 Cr, and EBITDA falling 26.8% YoY to Rs 434 Cr for the quarter,” chief financial officer Dharmender Tuteja was quoted in a release.
The operating profit made by the company on each tonne of cement sold fell by nearly a third to 650 rupees.
Marketing
Future of Marketing & Branding Masterclass
By — Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant
Finance
Financial Literacy i.e Lets Crack the Billionaire Code
By — CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator
Marketing
Performance Marketing for eCommerce Brands
By — Zafer Mukeri, Founder- Inara Marketers
Legal
Mastering M&A Deal Making
By — Ashwath Rau, Senior Partner- AZB & Partners
Artificial Intelligence(AI)
Master in Python Language Quickly Using
