Dalmia Bharat Q3 Results: Sales volume growth of 10% beats estimates, margins a miss

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.