“This asset offers meaningful opportunity for de-bottlenecking and brownfield expansions,” MD Puneet Dalmia said on a call. “It is a great strategic fit for Dalmia, as it strengthens our presence in a key growth market and marks another important step in our journey towards becoming a truly pan-India company,” he said.
For the June quarter, Dalmia Bharat’s consolidated profit halved year-on-year to ₹192 crore weighed down by higher costs and an exceptional loss, even as sales volume and revenues grew compared to a year ago. The company has recognised an exceptional loss of ₹182 crore, primarily related to the costs of its recent acquisition. Its volumes grew 9% on year during the quarter to 7.6 million tonnes, while revenue rose 7% to ₹3,890 crore. Yatin Malhotra has been appointed as the chief financial officer.