Dalmia Bharat Ltd.(Old)

NSE: DALMIABHA | BSE: 533309 | ISIN: INE439L01019 | Industry: Cement & Cement Products
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Geojit BNP Paribas
Revenue grew by 17.5%YoY aided by healthy volume growth of 13.5% YoY. EBITDA de-grew by 11.7%YoY due to surge in raw material and power & fuel expenses, EBITDA margin declined by 600bps YoY to 18%. We reduce EBITDA margin by 200bps/60bps for FY19E/20E. Pet coke prices has declined to US$96 in October from US$103 in Q2FY19. The recent acquisition, Kalyanpur cement (1.1MT) started clinker production in Q2FY19 and grinding is likely to start from Q3FY19. DBL has completed the scheme of arrangement & amalgamation with OCL...
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