Dalmia Bharat stock in focus after Q2 profit slumps 60% on weak pricing
Dalmia Bharat will be in focus on Monday after the firm’s profit slumped by 60% 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 over 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 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 per tonne Rs 650.
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Ichimoku Trading Unlocked: Expert Analysis and Strategy
By — Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
By — Rohit Srivastava, Founder- Indiacharts.com
Stock Trading
Market 101: An Insight into
