Dalmia Bharat posted Q3 earnings with margins increasing considerably. Additional, the corporate has additionally repaid round Rs 1,400 crore of debt within the first 9 months of FY21. Puneet Dalmia, Managing Director of the Dalmia Bharat Group mentioned the numbers.
“General we have now seen a V-shaped restoration in demand,” he stated.
The corporate has repaid nearly Rs 1,400 crore of debt within the first 9 months. “We proceed to deleverage in a short time,” he stated.
He believes FY22 will probably be a optimistic one and expects to see development in excessive teenagers for subsequent yr.
“If I have a look at the approaching quarters and subsequent yr, I see the demand development is fairly sturdy. We proceed to see good demand development in January and February as nicely. I feel that subsequent yr cement demand development ought to be within the excessive teenagers. I imagine will probably be related or higher for Dalmia Bharat as nicely,” he stated.
By way of capability, he stated, “About 10 million tonne is already beneath implementation, the remainder we’re evaluating. So this 10 million tonne will come within the subsequent 12-14 months.”
“We have now a number of alternatives for debottlenecking brownfield in addition to greenfield growth and we’re taking a look at all alternatives very fastidiously and we can share with you extra particulars as soon as we have now clearly chalked out a exact timeframe and actual location of every of those capacities,” he talked about.
“Our capex to this point this yr has been round Rs 1,100 crore and we’ll proceed to have a powerful balancesheet as we see very sturdy cashflows and a optimistic outlook for the corporate, each when it comes to volumes in addition to pricing,” Dalmia talked about.
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