Dalmia Bharat Limited a cement manufacturing company declared an interim dividend

New Delhi, Oct 28: Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending September 30, 2021.

The company’s volume increased to 5.1 MnT. Total cement capacity increased to 33MnTPA. It also became a Net Debt free company. Dalmia Bharat declared an interim dividend of Rs 4/- per share.

Commenting on the results, Mr. Puneet Dalmia, Managing Director – Dalmia Bharat Limited, said, they are pleased with the performance during the quarter.

Inspite of unprecedented cost related headwinds across regions, our razor sharp focus on operation efficiencies and execution has helped uscontain our costs and deliver industry leading performance.

As India’s economy continues to rebound from the lows of last year, they expect demand and pricing environment for the sector to improve for the rest of year, they  have made considerable progress are thier immediate priorities.

This including expanding their  capacity, driving organizational transformation, reinforcement of our brand and redefining our corporate governance framework and they are Looking ahead and remain focused on further strengthening our momentum to drive sustainable and profitable growth and generate top-tier returns for their stakeholders.

Mr. Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “We are encouraged with higher volumes in a seasonally weak quarter. Our inbuilt operational flexibility along with continued effort and foresightedness of our people has helped us mitigate some of the inflationary impact of the input costs.

He also mentioned that, they have commercialized Line 2 of their  cement plant near Cuttack, Odisha as well as began Trial Run production at their  Murli plant in Maharashtra.

With a larger capacity base, a proactive management team and robust operations, they remain confident to yet again deliver an industry leading performance for the rest of the year as well.

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