Dalmia Bharat Expects 12.2% Volume Rise in Q4 FY24 Results

Dalmia Bharat, a leading cement manufacturer in India, is set to report its Q4 results for the financial year 2024 on April 25. The company is expected to report a 12.2% year-on-year increase in cement volume to 8.3 million tonnes for the quarter.

Key focus areas in the upcoming results will be cement pricing, capacity commercialization, cost moderation, demand revival, and non-core asset divestment. Dalmia Bharat is expected to provide updates on these critical aspects of its business performance and outlook for the cement industry.

Despite the expected volume growth, Dalmia Bharat reported a 46.5% year-on-year decline in its consolidated net profit to ₹315 crore in January-March, hurt by a drop in cement prices that eroded margin. However, the company remains confident of demand growth, reporting a 10% increase in consolidated revenue to ₹4,307 crore in Q4 FY24.

Why this matters: The cement sector in India is expected to see demand growth driven by infrastructure, housing, and private capex. Dalmia Bharat's Q4 results will provide insights into the company's strategies to gain market share, improve realizations, and deepen cost leadership amidst industry challenges.

For the full financial year FY24, Dalmia Bharat reported a consolidated profit after tax of ₹826 crore, a fall of 20.19%, and revenue of ₹14,691 crore, a rise of 8.4% over FY23. The company also increased its installed manufacturing capacity by more than 15% to 44.6 million tonnes in FY24.

Puneet Dalmia, Managing Director of Dalmia Bharat, stated, "The company will continue to work on gaining market share, improving realizations, and deepening its cost leadership." The company's board has recommended a final dividend of ₹5 per equity share of face value of ₹2 each for FY24.

Key Takeaways

• Dalmia Bharat to report Q4 FY24 results on April 25, expected 12.2% YoY volume growth.
• Q4 focus on cement pricing, capacity, costs, demand, and asset divestment.
• Q4 net profit down 46.5% YoY due to lower cement prices, revenue up 10%.
• FY24 profit down 20.19%, revenue up 8.4%, capacity increased over 15%.
• Dalmia aims to gain market share, improve realizations, and deepen cost leadership.