NEW DELHI, November 6, 2015 /PRNewswire/ --
Dalmia Bharat Limited today announced its consolidated financial results for the Quarter and Half year ended September 30, 2015
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Particulars (Rs. Crore) Q2FY16 Q2FY15 YoY% H1FY16 H1FY15 YoY%
Volume (in MnT) 2.85 1.46 96% 5.95 3.03 96%
Total Income from Operations 1,439 722 99% 3,053 1,426 114%
EBITDA 323 124 160% 724 187 287%
EBITDA Margin 22% 17% 24% 13% 81%
Profit Before Tax 67 (9) 213 (63)
Profit After Tax 19 (17) 60 (44)
Total Income from operations for the quarter was Rs. 1,439 crore as against Rs. 722 crore for the corresponding period of previous year, led by increase in sales volume and realizations.
EBITDA margin for the quarter under review improved to 22% led by better branding, volume growth and optimization of costs. EBITDA on per tonne basis was Rs. 1,150 up by 55% as compared to corresponding quarter of previous year. Total cost on per tonne basis reduced by 10% from Rs. 3,994 to Rs. 3,614, led by savings in variable cost.
Variable cost for the quarter has witnessed reduction of 14% as compared to corresponding quarter of previous year and down by 4% on QoQ basis.
Power & Fuel cost on per tonne basis at Rs. 726 was lower by 36% on YoY basis and 2% on QoQ basis, led by continuous drive to use most economic fuel and improvise heat efficiency. Petcoke consumption has further increased to 71% in Q2 FY16 vs. 64% in Q1'16.
Freight on per tonne basis at Rs. 849 has been brought down by 5% on YoY basis and 8% on QoQ basis, led by implementation of various logistics cost reduction initiatives and lower diesel prices.
The company is committed to further optimize the operational efficiencies coupled with continuing focus on premium branding.
Outlook
Revival of cement demand has been delayed than expected. India being an economy largely driven by domestic consumption is expected to be benefited by the initiatives undertaken by the Government. Improving macro fundamentals and enhanced thrust on development through enforcement of key policy decisions, we expect India's economic growth to pick up.
About Dalmia Bharat Limited:
Dalmia Bharat Limited (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in MSE), is a leading player in the cement manufacturing since 1939. It is the third largest cement group in India and has been in existence for more than 75 years. With a growing capacity, currently pegged at 24 MnT, Dalmia Cement is a top quartile player in India. The company is a category leader in super-specialty cements used for oil wells, railway sleepers and air strips and is the country's largest producer of slag cement. DCBL increased its stake in OCL from 48% to 74.6 %. Dalmia Cement joined Cement Sustainability Initiative (CSI), a sector project of World Business Council for Sustainable Development (WBCSD), in 2012. Visit us at http://www.dalmiabl.com.
Media Contact:
Ms. Pooja Bharadwaj
[email protected]
+91-9560166999
Senior Manager
Dalmia Bharat Group
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