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Tag: Dalmia Bharat Limited

Dalmia Cement Salutes Stakeholders at Shrawani Mela, Reinforcing Commitment to Resilience

Deoghar, 29th July 2024: Dalmia Bharat Limited (DBL), India’s leading cement manufacturer is proud to celebrate the unwavering resilience and dedication of local youth during the vibrant and spiritually enriching Shravani Mela, Jharkhand’s biggest festival. As part of their ‘Saluting the Expert’ initiative in the Eastern region, the company felicitated Ms. Mahima Kumari, a National-level Kho-Kho player and seven-time state champion with the ‘Jai Kanwar Award’. Building on the shared synergies between the resilience shown by kanwars and the domain expertise offered by Dalmia Cememt ‘RCF EXPERT’, the award aims to honour local achievers who exhibit similar faith in their purpose. Ms. Kumari received a cash prize of Rs. 10,000 in recognition of her significant contributions and achievements in sports.

dalmia

 Commenting on the occasion, company spokesperson said, “As an EXPERT ourselves Dalmia Cement proudly salutes the experts in every field, celebrating their dedication and excellence, similar to our committemt to strength and excellence through Dalmia Cement – ‘RCF Strong toh Ghar Strong’. The durability of our cement translates into the enduring strength of our homes, resonating with the deep significance of Lord Shiva and this revered festival for many households.”

 “We are proud to honour Ms. Mahima Kumari’s remarkable achievements during this auspicious festival. Her unwavering commitment and pursuit of excellence serves as an inspiration to young athletes in the region”, he further added.

 In support of the devotees, Dalmia Bharat has established 10 water distribution kiosks along the 108 km route from Sultanganj to Deoghar. These kiosks will provide essential hydration to pilgrims undertaking the physically demanding journey, ensuring their well-being and safety. Additionally, Dalmia Bharat constructed a resting place for visitors, known as the Dalmia Seva. This facility will be available to pilgrims until the end of Shravan Maas, offering a place to rest and recuperate during their journey. Acknowledging the vital contributions of the contractors, Dalmia Bharat also honoured their top 30 contractors with trophies at a special event. Committed to promoting education in the region, Dalmia Bharat also distributed 31 school kits with essential educational material to the children of the contractors.

 Shravani Mela is an annual pilgrimage that draws millions of devotees from across the country. The pilgrimage begins in Sultanganj, Bihar, where devotees embark on a 108-kilometer journey to Deoghar, carrying holy water and milk to pour on the idol of Lord Shiva at the Baidhyanath Dham temple. This sacred tradition not only reflects the spiritual fervor of the participants but also underscores their physical and mental fortitude.

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

Mumbai, April 25th, 2024: 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.

  1. Financial Highlights for the Quarter and Year ended March 31, 2024

(Figures in Rs. Crores)

Particulars Q4FY24 Q4FY23 YoY FY24 FY23 YoY
Sales Volume (MnT) 8.8 7.4 18.5% 28.8 25.7 11.8%
Income from Operations 4,307 3,915 10.0% 14,691 13,552 8.4%
EBITDA 654 710 -7.8% 2,639 2,328 13.4%
EBITDA (Rs/T) 743 955 -22.2% 917 904 1.4%
PAT 320 609 -47.5% 853 1,079 -20.9%
Net Debt to EBITDA (x) 0.18x 0.28x   0.18x 0.28x  

Commenting on the performance, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “Cement sector has a pivotal role in India’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 and believe that we are on a clear path of accelerated growth backed by sustainable business investments, strong Balance Sheet and a dedicated team.”

Mr. 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.”

Key updates for the quarter

  • Dalmia Cement elevates its commitment to home builders with new brand positioning as the Roof Column Foundation (RCF) Expert; onboards Ranveer Singh as the Brand Ambassador.
  • In line with the commitment towards RE100 by 2030 & Carbon Negative by 2040 Dalmia Cement (Bharat) Limited has entered into Share Purchase Agreement, Deed of Accession and Power Purchase Agreement, to acquire 18.13% of equity share capital of O2 Renewable Energy V Private Limited,  in one or more tranches to source wind power as a captive consumer for a capacity up to 11 MW.
  • The Board has recommended a final dividend of Rs 5 per share (250%) of face value of Rs 2 per share for FY 2023-24 subject to approval of shareholders in ensuing AGM.

Key Recognitions during the quarter

  • Dalmia Cement won the Esteemed CII CAP 2.0o Award for Exemplary Climate Resilience
  • The GEEF Global Safety Award 2024 was bestowed to Rajgangpur unit in Platinum Category for outstanding contributions to safety within the Cement Industry
  • Kadapa unit won the Gold Award in the Industrial Safety Excellence Category by CII Andhra Pradesh at the CII Industrial Safety Excellence Award 2023