Dalmia Bharat Ltd.(NSE: DALBHARAT)| Q3 FY23 Results Out| Total Income rises 22% yoy

Dalmia Bharat Limited(NSE:DALBHARAT) is a leading Indian conglomerate with a presence in cement, sugar, and refractory industries. Founded in the 1930s, the company has a rich history and a strong reputation in the market. It operates a number of modern and highly efficient manufacturing facilities across India and has a strong commitment to sustainable operations and environmental protection. In recent years, the company has expanded its reach and operations, both domestically and internationally, and continues to invest in new technologies and innovative products.

Dalmia Bharat Ltd. announced its Q3FY23 results with a 22.7% YoY increase in revenue to Rs 3,355 crore, a 57.5% YoY increase in EBITDA to Rs 644 crore, and a net debt/EBITDA ratio of 0.39x. The company signed a definitive agreement with JAL, increased its volume by 11.5% YoY to 6.3 MnT, and added 25 MW of renewable power capacity. The company is on a path of growth to become a pan-India cement company, with a goal of reaching 75 MnT by FY27 and 110-130 MnT by 2031. The management is confident in the strong demand outlook, stable cement prices, and improvement in profitability.