Profit before exceptional items and tax stood at Rs 734 crore in Q4 FY23, registering the growth of 103.3% as against Rs 361 crore posted in Q4 FY22. The company reported exceptional loss of Rs 144 crore in Q4 FY23.

EBITDA grew 3.5% to Rs 707 crore in the quarter ended 31 March 2023 as compared to Rs 683 crore in the same quarter previous year. EBITDA margin stood at 18.1% in Q4 FY23 from 20.2% in Q4 FY22.

Sales volume during the quarter increased by 13.3% to 7.4 million tonne from 6.6 million tonne recorded in the corresponding quarter last year.

On full year basis, the company's consolidated net profit rose 27.6% to Rs 1,079 crore on 20% jump in revenue from operations to Rs 13,540 crore in FY23 over FY22.

The company said that in line with its strategy to exit non-core business/investment, Dalmia Cement (Bharat), a subsidiary of the company, entered into a binding agreement to sell its entire investment of 1,87,23,743 equity Shares of Rs 10 each (42.36% of share capital) of Dalmia Bharat Refractories at a consideration of Rs 800 crore to Sarvapriya Healthcare Solutions, a promoter group company.

The board has recommended a final dividend of Rs 5 per equity share for financial year ended 31 March 2023.

Puneet Dalmia, managing director & chief executive officer (CEO), Dalmia Bharat, said, “I am tremendously proud of our people who have delivered an all-round financial performance alongside meeting the capacity expansion targets of the company. The industry leading volume and revenue growth of 15.9% and 20.0% YOY respectively, is a testament of clarity of our vision, strength of our brand and efficient business operations, all of which is well navigated by our strong leadership team”.

He further added, “With deep rooted conviction in India's growth prospects, I am excited that armed with a combination of newly added cement capacity, a well-capitalized balance sheet and a visionary leadership, Dalmia Bharat has a large headroom to continually deliver industry leading performance and participate in India's growth story.”

Mahendra Singhi, managing director & chief executive officer (CEO), Dalmia Cement (Bharat) said, “With robust demand outlook, steady cement prices and the peak of commodity price inflation behind us, we are expecting profitability to gradually improve from here on.”

Dalmia Bharat is the fourth-largest cement manufacturing company in India, with the current capacity pegged at 38.6 million tonne.