te Dalmia Bharat Q4 results: Dalmia Bharat's quarterly net profit soars two fold, revenue jumps 16 per cent | Zee Business

Dalmia Bharat Q4 results: Dalmia Bharat's quarterly net profit soars two fold, revenue jumps 16 per cent

Its revenue from operations was up 15.73 per cent to Rs 3,912 crore during the quarter under review as against Rs 3,380 crore in the corresponding period of the previous fiscal.

Dalmia Bharat Q4 results: Dalmia Bharat's quarterly net profit soars two fold, revenue jumps 16 per cent
For the entire fiscal year ended March 2023, Dalmia Bharat's consolidated net profit was up 27.69 per cent at Rs 1,079 crore. It had reported a net profit of Rs 845 crore in FY22. Photo: PTI

Dalmia Bharat Q4 Results: Cement maker Dalmia Bharat Ltd on Tuesday reported a two-fold increase in its consolidated net profit at Rs 609 crore in the fourth quarter of the financial year 2022-23. The company had posted a net profit of Rs 271 crore during the January-March quarter a year ago, Dalmia Bharat said in a regulatory filing.
Its revenue from operations was up 15.73 per cent to Rs 3,912 crore during the quarter under review as against Rs 3,380 crore in the corresponding period of the previous fiscal.

Dalmia Bharat's total expenses were at Rs 3,605 crore, up 17.23 per cent in Q4/FY 2022-23.

Its sales volume in the March quarter also increased 13.3 per cent to 7.4 MnT (million tonnes).

TRENDING NOW

For the entire fiscal year ended March 2023, Dalmia Bharat's consolidated net profit was up 27.69 per cent at Rs 1,079 crore. It had reported a net profit of Rs 845 crore in FY22.

Its revenue from operation was up 19.97 per cent at Rs 13,540 crore in 2022-23. This was Rs 11,286 crore in FY22.

For the financial year 2022-23, Dalmia Bharat's volume increased 15.9 per cent to 25.7 MnT.

Dalmia Cement (Bharat) Managing Director and CEO Mahendra Singhi said: "I am pleased with our performance during the entire year of FY23. Our persistent efforts, on enhancing the sustainability of our operations and rationalisation of our operating costs, have enabled us to mitigate the adverse impact of inflation and deliver stable earnings performance."

Meanwhile, in a separate filing, Dalmia Bharat informed that its board in a meeting held on Tuesday recommend a final dividend of Rs 5 per equity share on equity share of Rs 2 each for the financial year ended March 31, 2023.

Shares of Dalmia Bharat Ltd on Tuesday settled at Rs 1,920.30 on BSE, down 0.49 per cent from the previous close.

 

Updated: Tue, Apr 25, 2023
10:11 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Dalmia Bharat Q3 results: Net profit rises 22% to Rs 266 crore Dalmia Bharat Q3 results: Net profit rises 22% to Rs 266 crore
Dalmia Bharat rises over 4%; MOFSL sets target price of Rs 2,800, citing these three reasons Dalmia Bharat rises over 4%; MOFSL sets target price of Rs 2,800, citing these three reasons
Dalmia Bharat shares slip 4% after Q1 profit falls 30% to Rs 144 crore Dalmia Bharat shares slip 4% after Q1 profit falls 30% to Rs 144 crore
Should you buy, sell or hold Paytm, Ambuja Cements, AB Capital, Indian Hotels, Dalmia Bharat, other stocks in focus today? Should you buy, sell or hold Paytm, Ambuja Cements, AB Capital, Indian Hotels, Dalmia Bharat, other stocks in focus today?
Can acquisition of Jaypee Group’s cement assets help Dalmia Bharat expand pan-India footprint? Can acquisition of Jaypee Group’s cement assets help Dalmia Bharat expand pan-India footprint?

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x