Cement maker Dalmia Bharat today posted 76 per cent rise in consolidated net profit at Rs 92 crore for the quarter ended on June 30, 2016 compared to the same period of last year.
The cosolidated net profit in the first quarter of last fiscal was Rs 53 crore, Dalmia Bharat in a press release.
Total income from operations increased to Rs 1,777 crore in the first quarter of this fiscal compared to Rs 1,609 crore in the year-ago period, it said.
The company said it adopted effective logistics management strategy by optimising market mix, Rail/Road mix, which has resulted in the costs being lower by 11 per cent year on year and 8 per cent quarter on quarter.
It said that the finance costs and depreciation are higher on account of commissioning of two new plants, Belgaum (Karnataka) and Umrangshu (Assam) units.
The company strengthened product portfolio by launching super-premium cement 'Dalmia DSP' in Eastern region. This is a step further in formation of overarching umbrella branding 'Dalmia'.
"We expect cement demand to gain momentum supported by good monsoon, implementation of seventh pay commission recommendations and focused thrust by Government on infrastructure development and housing.
"We are well positioned to participate in the expected increase in cement demand with our existing and recently commissioned capacities. The company is confident to maintain market leadership through constant innovations.
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