Dalmia Bharat posted a very performance for Q2FY16, helped by a strong operational working. The company ended the quarter with a consolidated net profit of Rs.19 crore compared to the loss of Rs.17 crore in previous Q2. Net sales rose 101% (YoY) at Rs.1398 crore. EBITDA was at Rs.323 crore, up 160% and margins jumped up sharply from 23.10% to 17.89%. This was despite total costs rising 88%, driven by a 174% jump in raw material costs, 109% jump in employee cost and 105% rise in depreciation.

The company’s debt (LT + ST Borrowings) as at 30^th Sept 2015 stands at Rs.7868 crore. 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’s unit at Belgaum in Karnataka and Umrangshu clinker unit of Calcom went on stream and this has added on considerably to the performance. Its H1FY16 net profit was at Rs.60 crore, compared to Rs.3 crore in FY15.