Dalmia Bharat Limited achieves all round excellence in unprecedented times

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HT Bureau

GUWAHATI, May 2: Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter and full year ending March 31, 2021.

Commenting on the results, Puneet Dalmia, managing director – Dalmia Bharat Limited said, “Dalmia Bharat is incredibly proud of its people for delivering industry leading all round performance despite a very tough environment. With another year of strong financial and operating performance, we are on a clear path of accelerated growth backed by a strong balance sheet and an exceptionally dedicated team.”

Mahendra Singhi, managing director and CEO – Dalmia Cement (Bharat) Limited said, “I am delighted with our company’s performance this year. The performance is backed by broad-based revenue growth of 9.0% across each region of our operation and EBITDA margin expansion of 460bps. Through a much disciplined execution, we have successfully increased our capacity by ~16% while simultaneously pre-paying our gross debt.”

Notably, Dalmia Cement (Bharat) Limited achieved some key awards and recognitions this financial year. For the second time in a row, Dalmia Cement (Bharat) Limited was the only cement company globally which was invited to speak at the UN Climate Ambition Summit 2020. The company was one of the only 16 Global Companies to be appointed as ‘COP-26 Business Leader’ by COP-26 Presidency, an apex UN Body under United Nations Framework Convention on Climate Change (UNFCCC). DCBL also received Asia Sustainability & Environmental Stewardship Award by International Cement Executive for its sustainable practices. Nalanda (Dalmia Bharat’s in-house L&D team) receives top honours at Business World People’s L&D Excellence Awards.

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