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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.
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