Q2FY22 Result Update - In-line performance; Intense competition to keep margins under check - ACCUMULATE
Dalmia Bharat (DALBHARA) reported Q2FY22 EBITDA in line with our expectations. EBITDA for the quarter was benefited by incentive income of Rs600mn related to Bihar unit (including Rs490mn of FY20 and FY21) and one-time rebate of Rs150mn on railway freight. Adjusted for the same,...