Dalmia Bharat (DALBHARA)’s 4QFY24 EBITDA declined 7% YoY to INR6.5b(18% miss), while EBITDA/t stood at INR743 (vs. estimated INR965). Adj.Profit (after MI) was in line at INR2.5b (down 3% YoY), due to higher otherincome (up 2.9x YoY).