The Business Bytes
TBB BUREAU
NEW DELHI, OCT 27, 2021
Cement maker Dalmia Bharat Ltd. has reported 9.91 per cent fall in its consolidated net profit at Rs 209 crore for the second quarter (Q2FY22) ended September 30, 2021 as against Rs 232 crore recorded during the corresponding period a year ago, the Company said in a regulatory filing.
Revenue from operations was up 11.41 per cent to Rs 2,577 crore during the quarter under review as against Rs 2,313 crore in the year-ago period.
Total expenses were at Rs 2,309 crore as against Rs 1,986 crore.
Its sales volume was higher at 5.1 million tonnes from 4.8 million tonnes earlier.
“In spite of unprecedented cost-related headwinds across regions, our razor-sharp focus on operational efficiencies and execution has helped us contain our costs and deliver industry-leading performance,” Managing Director Puneet Dalmia said.
On the outlook, Dalmia said he expects the demand and pricing environment for the sector to improve in the rest of the year as India’s economy continues to rebound from the lows of last year. “Looking ahead, we remain focused on further strengthening our momentum to drive sustainable and profitable growth and generate top-tier returns for our stakeholders,” he said.
“We have commercialized Line 2 of our cement plant near Cuttack in Odisha as well as begun Trial Run production at our Murli plant in Maharashtra,” said Mahendra Singhi, CEO, Dalmia Cement (Bharat) Limited.
