• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Tag: Mr. Puneet Dalmia

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

Sabhyata Foundation Takes Charge of India’s Four Historic Monuments under ‘Adopt a Heritage 2.0’ Initiative

Hyderabad/ New Delhi, April 2, 2024: Sabhyata Foundation, a not-for-profit company dedicated to preserving and promoting India’s cultural heritage, has been entrusted with the upkeep and promotion of India’s four iconic monuments under the Government’s “Adopt a Heritage 2.0″project. The adopted monuments include Purana Qila, Humayun’s Tomb, Safdarjung Tomb, and Mehrauli Archaeological Park located in the heart of the capital. The initiative introduced by Ministry of Culture and Archeological Survey of India (ASI), aims for partnerships with private/public sector entities to provide, develop and maintain amenities at centrally protected monuments and sites. The special announcement programme held at the majestic Purana Quila was graced by Shri S. Jaishankar, Hon’ble Minister of External Affairs, Govt of India, as the Chief Guest, and other distinguished guests.

As ‘Smaarak Saarthi’, Sabhyata Foundation will undertake the responsibility of enhancing visitor experiences at these four heritage sites, positioning them as must-visit destinations. Its primary goals will include increasing footfalls, enhancing amenities and creating memorable experiences while focusing on hygiene, accessibility, safety and knowledge.

Shri Govind Mohan, Secretary, Ministry of Culture shared: “In line with our Hon’ble Prime Minister’s vision of ‘Virasat Bhi, Vikas Bhi’, this initiative exemplifies our commitment to preserving India’s diverse heritage through collaborative efforts uniting government, corporates and citizens in safeguarding our rich cultural legacy. Sabhyata Foundation’s adoption of these four monuments represents the spirit of ‘Sabka Saath, Sabka Vikas, Sabka Prayaas’, ushering a new era of vibrant heritage appreciation.”

Speaking on the occasion, Mr. Puneet Dalmia, MD & CEO, Dalmia Bharat and Monument Mitra – Red Fort which has partnered with Sabhyata Foundation on several occasions said, “Monuments and cultural sites are the heart of a nation’s identity, shaping its history and heritage, not just as relics of the past, but as symbols of our rich legacy. As our implementation partner at Red Fort, Sabhyata Foundation has done a commendable job in creating unforgettable experiences. I wish them the very best in their future endeavours.”

Shri Yadubir Singh Rawat, Director General, Archeological Survey of India commented, “Adopt a Heritage 2.0 has been launched on the back of the demonstrated success of first round initiated in 2017. Red Fort is a shining example how we have added technology and modernity to create enhanced experiences of our heritage landmarks. However, we have 4000 such monuments that require our efforts and we look forward to the participation from private organisations so that the national cultural treasures continue to remain inspirational for the future generations too. We are thankful to the Ministry of Culture for their continued support and encouragement.”

Mr. Ravi Jhunjhunwala, CEO, HEG Ltd. and Board Member, Sabhyata Foundation said, “Sabhyata Foundation is committed to preserving and promoting the cultural and heritage ecosystem of India and is dedicated to deliver world class experiences of Indian heritage, art, architecture and culture. We are further strengthening our team by building a strong advisory board of passionate and accomplished individuals: Mr. Nakul Anand, former Executive Director, ITC has agreed to join as Chairman of the Advisory Board; Mrs. Avantika Dalmia, Chairperson, Avanee Foundation has joined us as the Co-Chair, Mrs. Vasvi Bharat Ram, Joint Vice Chairperson, The Shri Ram Schools and Mrs. Avarna Jain, Vice Chairperson of the Board, Saregama India Ltd. have joined as esteemed members of the Advisory Board.”

Sabhyata Foundation’s plan for Purana Qila involves enhancing visitor experiences by interpreting the historical significance of the site through research-backed evidence. Plans include a sound and light show, a museum showcasing excavated artifacts from various historical periods and a souvenir shop. The foundation will organize year-round site activities and work closely with the Ministry of Culture and ASI to access authentic research, experts and historic artifacts. Fine dining experiences themed around ‘Ancient Grains of India’ will be conducted in strategic locations. Heritage walks and interactive displays will enrich the narrative further. Plans for the other three monuments will be revealed subsequently.