Dalmia Bharat’s Q3 Profit Falls 75% Amid Cement Price Slump, Sees Growth Momentum Ahead
Cement maker Dalmia Bharat reported a significant 75 percent decline in its profit after tax for the third quarter ending December 31, 2024, with the profit dropping to ₹66 crore from ₹266 crore in the same period last year. Revenue from operations also saw a decrease of 12 percent year-on-year, amounting to ₹3,181 crore compared to ₹3,604 crore in the previous year. The company faced a challenging environment with a sharp dip in cement prices.
Volume sales also experienced a slight 2 percent year-on-year decline, and the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) fell 34.5 percent year-over-year to ₹511 crore. Puneet Dalmia, Managing Director & CEO of Dalmia Bharat, expressed confidence that cement demand growth would regain momentum. “Our capacity expansion plans are on track, as we will reach 49.5 million tonnes (MnT) by the end of this year,” he said. Dharmender Tuteja, CFO of Dalmia Bharat, attributed the weaker-than-expected cement demand growth during Q3 to persistent softness in cement prices. However, he noted that cement demand was gaining traction, and the company had observed signs of optimism in the pricing trend.
