Dalmia Bharat Limited’s consolidated financial results for quarter ending December 31, 2021
Dalmia Bharat Limited, a leading cement manufacturing company, reported its consolidated financial results for the quarter ending December 31, 2021
cityairnews
Jan 27, 2022 08:41
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Mumbai, January 27, 2022: Dalmia Bharat Limited, a leading cement manufacturing company, reported its consolidated financial results for the quarter ending December 31, 2021.
Commenting on the results, Mr. Puneet Dalmia, Managing Director – Dalmia Bharat Limited, said, “The industry witnessed a difficult quarter with unprecedented cost escalations coupled with a weak demand scenario. However, we believe that the peak of costs is behind us and both the demand and prices are showing some strength.” He further added, “With recent economic data suggesting recovery in macro indicators, I am excited about the tremendous opportunity ahead. We are pursuing our growth ambitions conscientiously and are making investments to deliver sustainable and profitable growth while ensuring consistency and predictability of our earnings.”
Mr. Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited said, “Inspite of a tough quarter, we have delivered sales volume in line with the industry. The margins, during the quarter, were impacted due to a significant inflation in the energy prices and market weakness in core regions of our operation. However, beginning mid-Dec things have started to look good. To mitigate impact of external exigencies, we are working to further strengthen our operational efficiencies and explore avenues of cost rationalizations.”
