Dalmia Bharat

Dalmia Bharat posted a very performance for Q4FY15, helped by a strong operational working and tax a tax write back of Rs.23 crore. The company ended the quarter with a consolidated net profit of Rs.47 crore compared to the loss of Rs.5 crore in previous Q4. Sales volume rose 24% (YoY) 2.34 million tonnes. Total income during the quarter rose 56% at Rs.1294 crore. EBITDA was at Rs.291 crore, up 160% and margins jumped up sharply from 13% to 22%. Reduction in power and fuel costs has been a major contributor wherein there has been a 19% reduction in its per ton fuel cost. The company ended FY15 with a turnaround, posting a consolidated net profit of Rs.3 crore v/s loss of Rs.8 crore in FY14.

The company’s debt (LT + ST Borrowings) as at 31st March 2015 stands at Rs.7900 crore and this has gone up 94% YoY. Interest outgo for the year stood at Rs.434 crore. The company’s stake in OCL, during the fiscal stands increased from 48% to 74.6%. OCL is one of the largest cement entities in Eastern India with plants in Orissa and West Bengal. The Dalmia Bharat group is now the third largest cement maker of India with an installed capacity of 24 MTpa.  The company has begun the trial run of its integrated cement unit in Belgaum in Karnataka and Umrangshu clinker unit of Calcom. Commercial production is expected to begin soon – we could see a reflection of this new unit in current fiscal.