Cement company Dalmia Bharat announced Q1FY23 results:

• Volume increased 27.3% YoY to 6.2 MnT
• Revenue increased 27.4% YoY to Rs. 3,302 crore
• EBITDA Margin stood at 17.7%
• EBITDA/T stood at Rs. 941/T
• Completed 2.0 MnT of Clinker Debottlenecking
• Completed 1.1 MnT of Cement Debottlenecking
• Added Renewable power capacity of 41.4 MW
• Net Debt/EBITDA at (0.08x)

Commenting on the quarter gone by, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “While we may be in the midst of global economic headwinds and trade turmoil, we are cautiously optimistic with regards to the medium- & long-term growth of the Indian Economy. We remain confident that the government’s push for capital expenditure as well as constant focus on infrastructure development will continue to boost cement demand.” He further added, “The continuous efforts and resilience of our teams have enabled us to deliver yet again a good performance on the back of strong volume growth and continuous cost leadership. We are committed to delivering industry leading returns to our stakeholders through our sustainable business model and a robust governance mechanism.”

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