Cement producer sales fell by about 6% to 7 million tonnes in the June quarter, limiting its unified revenue growth to 0.4% a year. Despite the decline in sales volume, the topline increased to 6.6% per tonne during the quarter to Rs. 5,193.
This led to interest, taxes, depreciation and or or or unemployment before the company’s earnings of Rs 883 crore, while EBITD made on each ton cement increased 40% a year to Rs. 1,261.
Compared to the previous year, profitability was also increased by logistics and low cost of power and fuel costs.
The Managing Director of the company, Punit Dalmia, quoted in a publication, “From the beginning of this year, cement realization in our key markets has been redoated, which has helped us to strengthen EBITDA growth, resulting in EBITDA margin by 8.8% compared to last year’s company,” the company. Dalmia cited in a publication.
The company currently has a capacity of 49.5 million tonnes and is targeting a capacity of 75 million tonnes through FY 28. Earlier this year, the company announced a new capital investment of Rs 6,800 crore to add 12 million tonnes of capacity to its southern and western regions.
“A strong balance sheet, supported by a strong balance sheet, disciplinary capital allocation structure and a healthy profitability point of view, we are constantly progressing towards our vision to become a pan-India player,” said Dharmender Tutja, Chief Financial Officer.
The company announced its earnings after the market hours, and its shares closed at Rs 2,319.15 on the BSE, which is 2.5% higher than the previous.
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