*Dalmia Bharat Ltd.* | *CMP* Rs. 1960 | *M Cap* Rs. 36683 Cr | *52 W H/L* 2548/801
(Nirmal Bang Retail Research)
*Declared interim dividend of Rs 4 per share for FY22*
Off-take came at 5.1 vs expectation of 5.2, QoQ 4.9, YoY 4.8
*Result is marginally above expectations*
Revenue from Operations came at Rs. 2577 Cr (-0.5% QoQ, 6.9% YoY) vs expectation of Rs. 2642.2 Cr, QoQ Rs. 2589 Cr, YoY Rs. 2410 Cr
Realisation came at Rs 5067/t, QoQ Rs 5284/t, YoY Rs 4815/t
EBIDTA came at Rs. 621 Cr (-11.3% QoQ, -11.5% YoY) vs expectation of Rs. 606.6 Cr, QoQ Rs. 700 Cr, YoY Rs. 702 Cr
EBITDA/T came at Rs 1218/t vs QoQ Rs 1431/t, YoY Rs 1463/t
EBITDA Margin came at 24.1% vs expectation of 23%, QoQ 27%, YoY 29.1%
Adj. PAT came at Rs. 214 Cr vs expectation of Rs. 211.4 Cr, QoQ Rs. 288 Cr, YoY Rs. 232 Cr
Quarter EPS is Rs. 11.4
Share is trading at EV/EBITDA of 10.31x FY23E EBITDA