Dalmia Bharat at an all-time high

Dalmia Bharat posted an excellent set of numbers for Q1FY17 ad we could see the same trend in Q2FY17 too and once again, this was on the back of, perked up on higher volumes and cost optimization. Volumes showed a 20% (YoY) jump at 3.42 MT, which is the highest in the sector. Consolidated total income rose 19% at Rs.1938 crore, with a net profit of Rs.31 crore, up 150% (YoY) but down from Rs.94 crore posted in Q1FY17. Equity is at Rs.18 crore and annualized EPS is at Rs.28 (FV of Rs.2).

Overall EBITDA rose 28% at Rs.421 core and margins improved from 20% to 21.7% (YoY). Interest and depreciation costs have risen, mainly on account of two plants – one in Assam and another in Karnataka. The company ended the quarter

The market is thrilled to bits with the performance with the stock price hitting a new life-time high at Rs.2045, after which it has retreated considerably and is now just about holding on to the green, up less than 1%.