The fluctuations in the share prices of the cement stocks, Dalmia Bharat and India Cements, were observed after the companies announced their financial results for Q3 FY25, through the recent filings with the stock exchanges.
1. Dalmia Bharat Limited
With a market cap of Rs. 33,442.8 crores, the shares of one of India’s leading cement companies moved up by nearly 1.8 percent on BSE to Rs. 1,802.7 on Wednesday.
For Q3 FY25, Dalmia Bharat reported income from operations of Rs. 3,181 crores, registering a marginal growth of around 3 percent QoQ from Rs. 3,087 crores in Q2 FY25, but a decrease of about 11.7 percent YoY from Rs. 3,604 crores in Q3 FY24.
The company’s net profit for Q3 FY25 grew to Rs. 66 crores, representing a rise of around 34 percent QoQ from Rs. 49 crores in Q2 FY25, but fell sharply with a year-on-year decline of nearly 75.2 percent from Rs. 266 crores in Q3 FY24.
Further, EBITDA for Q3 FY25 decreased to Rs. 511 crores, compared to Rs. 779 crores in Q2 FY24, reflecting a decline of nearly 34.5 percent YoY.
The stock has delivered negative returns of around 15.5 percent in the last one year, but nearly 1.2 percent of positive returns in one month.
Founded in 1939, Dalmia Bharat Limited is engaged in the business of manufacturing and selling of cement.
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2. India Cements Limited
With a market cap of Rs. 9,549.5 crores, the stock moved down by nearly 13 percent on BSE to Rs. 303.45 on Wednesday.
For Q3 FY25, India Cements reported income from operations of Rs. 940.8 crores, registering a marginal decline of around 6.7 percent QoQ from Rs. 1,008 crores in Q2 FY25, as well as a decline of about 15.5 percent YoY from Rs. 1,113 crores in Q3 FY24.
The company’s net profit for Q3 FY25 stood at Rs. 122.3 crores, a sharp turnaround from a loss of Rs. 339 crores in Q2 FY25, as well as a growth from Rs. 0.67 crores in Q3 FY24.
The stock has delivered positive returns of around 31.4 percent in the last one year, but nearly 15.6 percent of negative returns in one month.
India Cements Limited, a subsidiary of UltraTech Cement Limited (an Aditya Birla Group company), is a leading cement manufacturing company headquartered in Chennai.
Written by Shivani Singh
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