NEW DELHI, March 19, 2015 /PRNewswire/ --
- Sales Volume - 1.65 MnT
- Total Income From Operations - Rs. 794 Crore
- EBITDA - Rs. 125 Crore
Dalmia Bharat Limited announced its financial results for the quarter ended December 31, 2014.
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Particulars (Rs. Crores) Q3 FY15 Q3 FY 14
Volume (MnT) 1.65 1.56
Total income from operations 794 707
Total Expenses 669 579
EBITDA 125 128
EBITDA Margin (%) 16% 18%
PBT 5 -6
PAT 0.1 (12)
Particulars (Rs. Crores) Q3 FY15 Q3 FY 14
Cement NSR/T 4,578 4,211
Cement EBITDA /T 645 708
EBITDA/T (South Operations) 733 863
The acquisition of Dalmia Cement East Limited (formerly Bokaro Jaypee Cement Limited) was consummated during the quarter with 100% stake in the company, now wholly owned subsidiary of Dalmia Cement (Bharat) Ltd. The total enterprise value for the same is Rs. 1,150 crore. The quarterly results under review include financials of Dalmia Cement East Limited w.e.f. 16th November, 2014.
Total Income from operations was Rs. 794 crore for the quarter as against Rs. 707 crore for the corresponding period of previous year, led by increase in volumes (+6%) and sales realizations (+9%).
EBITDA for the quarter was flat at Rs. 125 crore . Power and fuel cost on per tonne basis was lower by 16% on YoY basis, but the same has been offset by higher freight cost and slightly increase in raw material cost for North East Operations.
PAT for the quarter was positive at Rs. 10 lakh as against loss of Rs. 12 crore in the corresponding quarter of the previous year.
Southern Operations
Variable Costs on per tonne basis were lower by 4% on YoY basis for the quarter on account of further enhancement in efficiencies. Our power consumption per tonne of cement produced has improved to 69.5 kwh as against 71.3 kwh, and fuel cost on calorific value basis has witnessed a reduction of 16%. Freight costs were higher during the quarter but we expect the same to recede in coming quarters on account of drop in crude prices.
North East Operations
North East Operations witnessed stabilization of operations during the quarter. Volumes were up 22% on QoQ basis and EBITDA improved significantly on YoY and QoQ basis.
Our Associate Company:
OCL India limited - Financial Performance
Particulars (Rs. Crore) Q3 FY 15 Q3 FY14
Volume (MnT) 1.06 0.78
Total income from operations 544 416
Total Expenses 457 362
EBITDA 87 54
EBITDA margin % 16% 13%
PBT 40 13
PAT 29 10
Cement Outlook
The macro economic factors are improving and expected to improve further. With higher GDP growth, impetus on 'Make in India' strategy and further rate cuts expected, industrial production expected to improve, resulting in improved cement demand. Improved demand and rationalization of capacity additions would also lead to improved Capacity Utilizations.
About Dalmia Bharat Ltd.
Dalmia Cement (Bharat) Limited, a subsidiary of Dalmia Bharat Limited (DBL) (BSE Code: 533309|NSE Symbol: DALMIABHA and listed in MSE), part of the Dalmia Bharat Group, is a pioneer in cement manufacturing and applications since 1939. With an expanding India footprint, present in 17 states, the company is a category leader in super-specialty cements used for oil well, railway sleepers and air strips. With a growing capacity, currently pegged at 23.9 MnTPA, Dalmia Cement is the third largest cement Group in India. Visit us at http://www.dalmiacement.com
Media Contact:
Pooja Bharadwaj,
[email protected],
+91-9560166999,
Senior Manager,
Dalmia Bharat Group
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