Dalmia Bharat Limited Quarter and Half Year Ended September 30, 2022

Dalmia Bharat Limited

New Delhi/ Hyderabad, November 3rd, 2022: Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending September 30, 2022.

Highlights for the Quarter and Half Year ended September 30, 2022


Commenting on the quarter gone by, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “Despite a steep inflationary environment, we are pleased with our performance during the first half of this year and we believe that for the industry, the worst is behind. While the geopolitical turmoil continues, we remain confident on the resilience of the Indian economy as it solidifies its position as a key contributor to the global growth & consumption center.” He further added, “Driven by revival in housing and the government’s continual push for infrastructure, we expect cement demand to be robust. Looking ahead, we remain focused on further progressing on our capacity expansion plan along with providing top-tier returns for our stakeholders.”

Mr. Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “Despite a seasonally weak quarter, we are encouraged by recent momentum in prices and volumes. Our past investments in strengthening our operational efficiencies and cost rationalizations have enabled us maintain our low-cost leadership. He also mentioned that, “We expect profitability to significantly improve for the rest of the year as the benefits of correction in fuel prices will start getting reflected in the current quarter. I am cautiously optimistic about the opportunity that lies ahead of us and with all our collective team efforts, I am confident that Dalmia Bharat will meet its commitment of capacity expansion while delivering sustainable earnings growth.”