Dalmia Bharat down 7%

about 3 years ago
No Image

Dalmia Bharat posted a fantastic set of numbers. Its consolidated net profit for the Q4FY21 quarter rose by a jaw-dropping 24 -times (YoY) at Rs.627 crore and this was on the back of a 32% rise in revenue at Rs.3281 crore.

Sales volume rose 24% at 6.42 million tonnes. EBITDA rose 53% at Rs.776 crore while margins showed a huge expansion of 320 bps at 23.7%.

EBITDA per tonne has increased by 24% to Rs.1,191. 

Not just the 32% rise in revenue and lower base effect, a tax credit of Rs.212 crore also helped boost the bottomline. But then it PBT rose 6.5-times to Rs.428 crore.

Though the stock opened in the green, it soon slipped into the red, going down 7% to hit an intraday low at Rs.1482 and it currently trades at Rs.1484 levels.

Popular Comments

No comment posted for this article.