Conference Call with Dalmia Bharat Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Cement & Cement Products company Dalmia Bharat announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Sales volume declined by 2.8% YoY to 8.6 million ton. Income from operations fell 5.0% YoY to Rs 4,091 crore. EBITDA rose 21.3% YoY to Rs 793 crore, indicating strong operational gains. EBITDA per tonne improved 24.7% YoY to Rs 926/T. PAT surged 37.2% YoY to Rs 439 crore, driven by better margins. Net debt to EBITDA increased to 0.30x vs 0.18x YoY, still at a comfortable level. FY25 Financial Highlights: Sales volume grew 2.0% YoY to 29.4 million ton. Income from operations declined 4.8% YoY to Rs 13,980 crore. EBITDA fell 8.8% YoY to Rs 2,407 crore due to margin pressure. EBITDA per tonne declined 10.6% YoY to Rs 820/ton. PAT dropped 18.1% YoY to Rs 699 crore, reflecting weaker annual profitability. Net debt to EBITDA increased to 0.30x from 0.18x YoY. Other Highlights: Achieved milestone of 49.5 MTPA for Installed Cement Capacity. Announced Cement capacity expansion of 6 MTPA (mainly for new markets in West India). Net Debt to EBITDA stood at 0.3x. One of Lowest Carbon footprint in global cement at 465 kgCO2/Ton of cement. Achieved operational RE capacity (including Group Captives) of 267 MW; share of RE consumption stood at 36.4%. Puneet Dalmia, Managing Director & CEO, Dalmia Bharat, said: “The Indian economy continues to demonstrate resilience amidst the ongoing global macroeconomic uncertainty. With strong GDP growth projections supported by higher capex allocation and increased disposable income for the individuals, we remain confident about healthy cement demand in the country.” “Having successfully achieved our milestone of cement capacity at 49.5 million ton, we have commenced the next phase of expansion with the recently announced capacity addition of 6 million ton catering mainly to new markets in Western India. During the current year, while profitability remained subdued due to soft demand and weak pricing, I am confident to deliver profitable growth going forward on the back of stronger volumes, improved realizations and a consistent focus on cost leadership.” Dharmender Tuteja, Chief Financial Officer, Dalmia Bharat, said: “Our cement volumes declined by 3% YoY in Q4, primarily due to the discontinuation of JP tolling volumes. However, quality of sales improved driven by a higher share of trade sales and increased contribution from premium products. Revenue from operations declined by 5% YoY to Rs 4,091 crore, reflecting the continued softness in cement prices. However, our EBITDA grew by 21% YoY to Rs 793 crore during the quarter due to our continued focus on cost leadership through various initiatives including increase in renewable power capacity.” “Backed by a robust balance sheet, strong leadership team and optimistic profitability outlook, we are wellpositioned to successfully undertake the next phase of our expansion.” Result PDF