Dalmia Bharat Ltd today reported 19 per cent growth in net profit at Rs 36 crore in the third quarter ended December 31 from Rs 30 crore in the same period last year.
The company reported 16 per cent jump in total income at Rs 1,967 crore for Q3FY17 from Rs 1,698 crore in the corresponding period last year.
Interest costs have also witnessed reduction of 4 per cent on QoQ basis to Rs 220 crore from Rs 229 crore. The increase on YoY basis is on account of commissioning of new plants in this year.
The company delivered strong performance amidst challenging market conditions. Sales volume for the quarter was up 20 per cent YoY, led by focused marketing efforts. "Our market share in South & North East India improved with the share being maintained in East," a company statement said.
Commenting on the outlook, the company said it is positively cautious in the near term and optimistic from medium and long term view. Improved macro indicators for the economy, significant growth in public spending coupled with focused execution plans supports our view.
Structural changes initiated by the Central Government and plans outlaid by development focused state governments are expected to spur cement demand growth. Thrust on affordable housing and infrastructure built-up expect to now witness faster execution through higher budgetary allocation and new schemes announced by the Government, it said.
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