Dalmia Bharat surges 6%, hits 52-week high on strong Q2 results

Shares of Dalmia Bharat zoomed 6 per cent to hit a 52-week high of Rs 925 on the BSE on Friday after the company reported its highest ever Ebitda (earnings before interest, taxes, depreciation, and amortisation) at Rs 702 crore in the September quarter (Q2FY21), on the back of strong operational performance.

The company reported an increase of 40 per cent YoY in EBITDA/T at Rs 1,457 due to a conscious and continuous containment of both variable & fixed costs. Cement EBITDA margin increased 900 basis points to 30 per cent during the quarter.

In Q2FY21, Dalmia Bharat’s