Dalmia Bharat rises on reporting over 2-fold jump in Q4 consolidated net profit

Dalmia Bharat announces results for the fourth quarter (Q4) and year ended March 31, 2023. 

Excellent Quarterly Performance 

Dalmia Bharat has reported an over 2-fold jump in its consolidated net profit at Rs 609 crore for the fourth quarter ended March 31, 2023, as compared to Rs 271 crore for the same quarter in the previous year. The total income of the company increased by 15.18% to Rs 3,953 crore for Q4FY23 as compared to Rs 3,432 crore for the previous year’s same quarter. 

For the year ended March 31, 2023, on a consolidated basis, the company has reported a 27.69% rise in its net profit at Rs 1,079 crore as compared to Rs 845 crore for the previous year. Total income of the company increased by 19.50% at Rs 13,678 crore for the year under review as compared to Rs 11,446 crore for year ended March 31, 2022. 

Stock price movement 

On Wednesday, the shares of Dalmia Bharat closed at Rs 1942.40, up by 1.15% from its previous closing of Rs 1920.30 on the BSE. The stock opened at Rs 1909.70 and touched a high and low of Rs 1954.10 and Rs 1885.95 respectively. The BSE group 'A' stock of face value of Rs 2 touched a 52-week high and low of Rs 2,168 and Rs 1,212.60, respectively. Last one week high and low of the scrip stood at Rs. 2168 and Rs. 1885.95 respectively. The current market cap of the company is Rs 36,244.64 crore. 

The promoters holding in the company stood at 55.86%, while Institutions and Non-Institutions held 21.54% and 22.60% respectively. 

Company Profile 

Dalmia Bharat is engaged in the business of Manufacturing and Selling of Cement. The company was started in 1939 and is the 4th largest cement manufacturer by installed capacity in India. Dalmia Bharat has an installed capacity of 37.0 MT as on December 31, 2022. The company has a presence across the east (capacity of 17.7 MTPA), south (12.1 MTPA), northeast (4.3 MTPA) and west (2.9 MTPA) markets. It also has captive thermal power plants of 228 MW, captive solar power plants of 95 MW and a WHRS of 59 MW.