Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ending December 31, 2021.

Commenting on the results, Puneet Dalmia, Managing Director, Dalmia Bharat Limited, said, “The industry witnessed a difficult quarter with unprecedented cost escalations coupled with a weak demand scenario. However, we believe that the peak of costs is behind us, and both the demand and prices are showing some strength. “He further added, “With recent economic data suggesting recovery in macro indicators, I am excited about the tremendous opportunity ahead. We are pursuing our growth ambitions conscientiously and are making investments to deliver sustainable and profitable growth while ensuring consistency and predictability of our earnings. “

Mahendra Singhi, Managing Director and CEO – Dalmia Cement (Bharat) Limited, said, “Inspite of a tough quarter, we have delivered sales volume in line with the industry. The margins during the quarter were impacted due to significant inflation in energy prices and market weakness in core regions of our operation. However, beginning in mid-Dec, things have started to look good. To mitigate the impact of external exigencies, we are working to further strengthen our operational efficiencies and explore avenues of cost rationalisation. “

• In line with the Capital Allocation Framework, the company has completed the sale of Hippo Stores (the retail venture) on December 31st, 2021 by way of a slump sale to Hippo stores Technology Pvt. Ltd., a promoter group company, for a consideration of Rs. 155 cr.
• To spearhead its journey towards the goal of becoming carbon negative by 2040, the company has appointed Dr. Arvind Madhukar Bodhankar as ESG Head and Chief Risk Officer.
• In line with the vision to build a pan-India company, the company has commercialised its 2.9 Mnt Murli Plant in Maharashtra, which marks the beginning of its manufacturing presence in Western India.

Key Recognition 

• The first company in the cement sector to receive accreditation by two prominent green rating systems- ”GRIHA” and “CII – IGBC.” The first 
• cement company in India to receive a green accreditation from the Green Product Rating for Integrated Habitat Assessment (GRIHA) council. 
• Awarded the prestigious GreenPro Ecolabelling Certificate by the Indian Green Building Council (IGBC), a part of the Confederation of Indian Industries (CII),
• Dalmia Cement Won the Following Multiple Apex Green Leaf Awards 
• In the corporate category for sustainability in the cement sector, 
• For environmental excellence, bagged by the company’s Rajgangpur unit 
• The Ministry of Mines (GOI) awarded the Belgaum Mines with a 5 Star Award in Sustainability. 
• Dragons of Asia Awards 2021 (Bronze) to Dalmia Delight, the company’s dealer loyalty program. 

For more details, visit: https://www.dalmiacement.com/