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What is the story about?
Shares of Dalmia Bharat Ltd. are swinging between gains and losses on Wednesday, January 21, in response to their December quarter results, that were higher on a year-on-year basis across the board, but marginally lower than what the street was anticipating.
The company reported sales volumes of 7.3 million tonnes during the December quarter, 10% higher than the 6.7 million tonnes reported last year. The CNBC-TV18 poll estimate had projected growth of 7%.
Revenue for the quarter grew by 10.2% from the same quarter last year to ₹3,506 crore, marginally higher than the CNBC-TV18 poll of ₹3,456 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew to ₹602 crore, up 17.8% from last year's figure of ₹511 crore and largely in-line with the CNBC-TV18 poll of ₹619 crore.
EBITDA margin for the quarter expanded by 120 basis points from last year to 17.2% from 16% earlier. A CNBC-TV18 poll was working with a figure of 17.9%.
Net profit for the period nearly doubled from last year to ₹128 crore, while the CNBC-TV18 poll was working with a figure of ₹169 crore.
Shares of Dalmia Bharat have recovered from the lows of the day, currently trading 1.1% higher at ₹2,215. The stock has risen 25% over the last 12 months.
The company reported sales volumes of 7.3 million tonnes during the December quarter, 10% higher than the 6.7 million tonnes reported last year. The CNBC-TV18 poll estimate had projected growth of 7%.
Revenue for the quarter grew by 10.2% from the same quarter last year to ₹3,506 crore, marginally higher than the CNBC-TV18 poll of ₹3,456 crore.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew to ₹602 crore, up 17.8% from last year's figure of ₹511 crore and largely in-line with the CNBC-TV18 poll of ₹619 crore.
EBITDA margin for the quarter expanded by 120 basis points from last year to 17.2% from 16% earlier. A CNBC-TV18 poll was working with a figure of 17.9%.
Net profit for the period nearly doubled from last year to ₹128 crore, while the CNBC-TV18 poll was working with a figure of ₹169 crore.
Shares of Dalmia Bharat have recovered from the lows of the day, currently trading 1.1% higher at ₹2,215. The stock has risen 25% over the last 12 months.
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