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JammuDelivers Industry leading Volume Growth of 18.5%YoY in Q4’24

Delivers Industry leading Volume Growth of 18.5%YoY in Q4’24

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Tawi: Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter and year ended March 31, 2024.Commenting on the performance, Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “Cement sector has a pivotal role in 's growth story and infrastructure, housing and private capex will drive the demand growth for the next decade and beyond. During FY24 we delivered a volume growth of 11.8% at 28.8Mnt and EBITDA growth of 13.4% at Rs. 2,639Cr. We will continue to work on gaining market share and improving realizations while deepening the cost leadership. I remain excited about the tremendous opportunity ahead andbelieve that we are on a clear path of accelerated growth backed by sustainable investments, strong Balance Sheet and a dedicated team.” Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat Limited, said “We bounced back and delivered an industry-leading volume growth of 18.5% YoY during the quarter. However, unexpected drop in cement prices led to EBITDA erosion during the quarter with EBITDA margin declining from 18.1% in Q4'23 to 15.2% in current quarter. During the ensuing year, we will continue to focus on our levers of long-term cost savings including renewable energy, operationalizing our captive coal mines, digitization of supply chain and invest in our brand.”

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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