Q1 2025 Dalmia Bharat Ltd Earnings Call Transcript
Key Points
- Dalmia Bharat Ltd (BOM:542216) delivered a volume growth of 6.2% year-over-year, selling 7.4 million tons of cement.
- The company achieved an EBITDA of INR901 per ton, despite weaker prices.
- Dalmia Bharat Ltd (BOM:542216) has identified levers for sustainable cost reduction, aiming to reduce costs by INR150 to INR200 per ton over the next three years.
- The company is on track to complete its Northeast and Bihar expansion as per the earlier committed timelines.
- Dalmia Bharat Ltd (BOM:542216) plans to increase its renewable energy share to 50% by the last quarter of FY25, which is expected to reduce power and fuel costs.
- Cement demand was weak during the quarter due to factors such as heatwaves, water shortages, and floods in certain regions.
- Pan-India cement prices were softer by 2% to 3% quarter-over-quarter, with June exit prices lower by another 3% compared to Q1 average.
- The company faces uncertainty regarding the continuation of the tolling arrangement with Jaypee Associates due to its insolvency proceedings.
- Dalmia Bharat Ltd (BOM:542216) has provided INR113 crores for potential losses related to recoverable amounts from Jaypee Associates.
- The company expects prices to remain soft until the monsoon quarter, with potential price increases only from Q3 onwards.
Ladies and gentlemen, good day, and welcome to the earnings conference call of Dalmia Bharat Limited for the quarter ended 30 June, 2025. Please note that this conference call will be for 60 minutes. (Operator Instructions). This conference call is being recorded and the transcript may be put on the website of the company.
(Operator Instructions)
Before I hand over the conference to the management, I would like to remind you that certain statements made during the course of this call may not be based on historical information or facts and may be forward-looking statements. These statements are based on expectations and projections and may involve a number of risks and uncertainties, such that the actual outcome may differ materially from those suggested by such statements.
On the call, we have with us Mr. Puneet Dalmia, Managing Director and CEO, Dalmia Bharat Limited; Mr. Dharmender Tuteja, CFO, Dalmia Bharat Limited; Mr. Rajiv Bansal, President and Chief Transformation Officer and the other management of the company.
I would now like to hand the conference over to
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