Q2 2025 Dalmia Bharat Ltd Earnings Call Transcript
Key Points
- Dalmia Bharat Ltd (BOM:542216) achieved a healthy volume growth of 8.4% year-over-year despite a challenging market environment.
- The company is on track to expand its capacity to 49.5 million tons by the end of FY25, with further plans to reach 75 million tons by FY28.
- Dalmia Bharat Ltd has improved its renewable energy share to 39% and expects to increase it to 45% by the end of FY25.
- The company has maintained a strong financial position with a net debt to EBITDA ratio of 0.25 times.
- An interim dividend of INR4 per share was declared, reflecting the company's commitment to returning value to shareholders.
- Revenues declined by 2% year-over-year due to a sharp decline in cement prices, particularly in the South and Eastern markets.
- The company's EBITDA fell by 27% year-over-year, impacted by weak pricing and increased costs.
- Logistics costs increased by 7.6% year-over-year due to servicing central markets from eastern plants.
- The trade mix decreased to 63%, contributing to a fall in net sales realization.
- The company faced higher other expenses, rising 15.7% year-over-year, due to increased plant shutdowns and material handling costs.
Ladies and gentlemen, good day and welcome to the earnings conference call of Dalmia Bharat Limited for the quarter and half year ended. September 30, 2024. (Operator Instructions)
This conference call is being recorded and the transcript may be put on the website of the company. After the management discussion, there's an opportunity for you to ask questions. (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; and Mr. Rajiv Bansal, President and Chief Transformation Officer; and the other management of the company. I would now like to hand the conference
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