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This Article is From Jul 29, 2021

Dalmia Bharat Q1 Review - Strong Quarter; Fair Valuation: Dolat Capital

Dalmia Bharat Q1 Review - Strong Quarter; Fair Valuation: Dolat Capital
Small rock, pumice, and sand, different types of block material, sit in a pile before being mixed into cement during production. (Photographer Meg Roussos/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

Dalmia Bharat Ltd. reported revenue, Ebitda, volume and realisation below estimates; Ebitda/tonne above estimates whereas profit after tax in line.

The company posted good set of numbers with up 36.2%/ up 13.8%/ up 37.8% y-o-y growth in revenue/ Ebitda/ profit after tax to Rs 25.9 billion/ Rs 7.0 billion/ Rs 2.7 billion led by up 33.6%/ up 1.9% y-o-y growth in volume/ realisation (up 8.0% q-o-q).

Dalmia expects to gain market share with capital allocation plans and 14-15% capacity expansion compound annual growth rate from 30.8 million tonnes per annum in FY21 to 110- 130mtpa in FY31 (48.5/60mtpa by FY24/FY25).

This is structurally positive as it enhances growth visibility.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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