Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q4 FY25 Earnings Presentation
30 slides from Dalmia Bharat's earnings presentation, Apr 23, 2025
Slide 1: Exchange filing cover letter
1010/02 April 23, 2025 BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G Fort Mumbai-400001 Bandra – Kurla Complex, Bandra(East), Scrip Code: 542216 Mumbai – 400 051 Symbol: DALBHARAT Subject: Earnings Release / Investor Presentati
Slide 2: Earnings Release Q4 & FY25
EARNINGS RELEASE Q4 & FY25
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look
Slide 4: Table of Contents
PA G E SECTION NO. 01. Key Highlights 4 02. Expansion & Capex Update 6 03. Q4 & FY25 Performance 10 TA B L E O F CO N T E N T S 04. ESG & Others 20 05. Awards and Accolades 24 06. Annexures 26 3
Slide 5: Key Highlights
SECTION 01 KEY HIGHLIGHTS 4
Slide 6: Key Highlights
Key Highlights Financial Performance ▪ Sales Volume declined by 3% YoY to 8.6 MnT during Q4 FY25; it improved 2% YoY to 29.4 MnT during FY25 ▪ EBITDA improved 21% YoY to Rs 793 Cr in Q4 FY25; EBITDA/T improved 25% YoY to Rs 926 ▪ EBITDA declined 9% YoY to Rs 2,407 Cr in FY25; EBITDA/T declined 11% Y
Slide 7: Expansion and Capex Update
SECTION 02 EXPANSION AND CAPEX UPDATE 6
Slide 8: Expansion at Belgaum & Pune - Rationale
Expansion at Belgaum & Pune - Rationale New Capacity – Clinker 3.6 MnTPA, Cement – 6.0 MnTPA (Belgaum – 3.0 MnTPA & Pune – 3.0 MnTPA) Belgaum Existing Cement Capacity – 3.6 MnTPA In line with the PAN India vision, Pune GU will cater to the untapped Western Maharashtra markets Belgaum Grinding Unit w
Slide 9: Cement Capacity Expansion Plan
Cement Capacity Expansion Plan 3.0 55.5 3.0 2.4 49.5 46.6 0.5 +3.0 MnT Pune, MH +3.0 MnT Belgaum, KA Dec'24 Rohtas, Lanka, FY25 Pune, Belgaum, FY27e Brownfield Greenfield BH AS MH KA Closing Capacity 8
Slide 10: Clinker Capacity Expansion Plan
Clinker Capacity Expansion Plan Figures in MnT South East North East West Total FY25 10.4 8.3 2.7 2.1 23.5 FY26 10.4 8.3 6.3 2.1 27.1 FY27 14.0 8.3 6.3 2.1 30.7 9
Slide 11: Q4 & FY25 Performance
SECTION 03 Q4 & FY25 PERFORMANCE 10
Slide 12: Operational Performance
Operational Performance Quarterly Sales Volume Yearly Sales Volume (MnT) Decline: 2.8% (MnT) Growth: 2.0% Growth: 28.2% 29.4 8.8 8.6 28.8 6.7 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 ➢ Sales volume declined by 3% YoY in Q4 FY25 (0.6 MnT of tolling volumes from Jaypee in Q4 FY24 - discontinued since July’24) 1
Slide 13: Financial Performance - Revenue
Financial Performance Quarterly Revenue Yearly Revenue Decline: 5.0% (Rs Cr) (Rs Cr) Decline: 4.8% Growth: 28.6% 14,691 4,307 13,980 4,091 3,181 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 ➢ Revenues declined by 5% YoY in Q4 FY25 due to softer prices and lower sales volumes 12
Slide 14: Financial Performance - Raw Material Cost
Financial Performance Quarterly Cost of Raw Material Consumed^ Yearly Cost of Raw Material Consumed^ (Rs/T) (Rs/T) Decrease: 3.0% Decrease: 3.7% Decrease: 2.8% 776 753 771 765 743 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 ➢ RM Cost declined by 4% YoY in Q4 FY25 primarily with reduction in Flyash and limestone
Slide 15: Financial Performance - Power & Fuel Cost
Financial Performance Quarterly Power & Fuel Cost^ Yearly Power & Fuel Cost^ (Rs/T) Decrease: 7.2% (Rs/T) Decrease: 12.9% Decrease: 6.0% 1,136 1,018 1,005 989 945 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 ➢ Fuel consumption cost declined from $114/T in Q4 FY24 ($96/T in Q3 FY25) to $95/T in Q4 FY25 ➢ Share of
Slide 16: Financial Performance - Logistics Cost
Financial Performance Quarterly Logistics Cost Yearly Logistics Cost (Rs/T) (Rs/T) Decrease: 2.0% Increase: 0.6% Increase: 1.4% 1,158 1,113 1,120 1,135 1,120 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 ➢ Logistics cost declined on a YoY basis with improved DD% and lead distance, partially offset by higher clinke
Slide 17: Financial Performance - Total Cost per Tonne
Financial Performance 4,148 3,998 3,852 4,188 Total Cost /T 3,943 753 750 780 668 740 Others 229 303 334 251 302 Employee Costs 1158 1113 Freight Charges 1135 1120 1120 Power & Fuel Purchase of stock in trade 897 1083 Raw Material Consumed 997 903 989 243 0 (Inc)/Dec in stock 197 36 0 Total 712 729
Slide 18: Financial Performance - EBITDA
Financial Performance Quarterly EBITDA Yearly EBITDA (Rs Cr) Margins 15.2% 16.1% 19.4% 18.0% 17.2% Increase : 21.3% Decrease: 8.8% Increase : 55.2% 2,639 793 2,407 654 511 Q4FY24 Q3FY25 Q4FY25 FY24 FY25 ➢ Saving in costs more than negated by decline in cement prices, leading to an absolute EBITDA de
Slide 19: Financial Performance - Debt Position
Financial Performance Debt Position Net Debt / EBITDA 0.55x 0.30x (Rs Cr) Dec’24 Mar’25 * Includes MTM value of IEX Investment (Q3FY25: Rs 2,419 Cr ; Q4FY25: Rs 2,339 Cr) 18
Slide 20: Finance Cost
Finance Cost Q4 FY25 (Rs Cr) Cost of Borrowing : 7.7% Q4 FY24 (Rs Cr) Cost of Borrowing : 8.3% 19
Slide 21: ESG & Others
SECTION 04 ESG & OTHERS 20
Slide 22: Renewable Power Update
Renewable Power Update Renewable Power Capacity 16x 595 Total Renewable Power - MW Group Captive Solar WHRS 267 59 334 185 166 136 113 100 63 172 32 17 32 10 66 72 72 89 8 22 31 9 FY20 FY21 FY22 FY23 FY24 FY25 FY26e ➢ Commissioned 2.2 MW captive solar power plant at Lanka, Assam and 13 MW RE capacit
Slide 23: CSR at Dalmia Bharat
CSR at Dalmia Bharat Climate Action: • Promoting bamboo cultivation as a biofuel source while creating additional income opportunities for farmers. 3,300+ farmers are engaged, having planted 1.85 lakh bamboo shoots • A 20m-wide check dam was constructed in Dalmiapuram to support nearby farmers by co
Slide 24: World Heritage Day Celebration
World Heritage Day Celebration ➢ Under the initiative of Indian government – ‘Adopt a Heritage’ project – Dalmia Bharat is a proud Monument Mitra of one of India’s most iconic landmarks - The Red Fort ➢ To mark the occasion of World Heritage Day, we hosted a special evening that brought the monument
Slide 25: Awards and Accolades
SECTION 05 AWARDS AND ACCOLADES 24
Slide 26: Sustainability Awards
Sustainability Awards Mines Environment & Mineral National Safety Council of India Award FAME National Award Conservation Awards 1. 1st Prize in Sustainable Mining 1. Excellence in Safety Culture and Certificate of Appreciation for Operations – Dalmiapuram Mines Environmental Excellence – Excellence
Slide 27: Annexures
SECTION 06 ANNEXURES 26
Slide 28: Operational performance (basis cement production)
Operational performance (basis cement production) (Rs/T) Particulars Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Cost of Raw Material Consumed 768 785 781 771 779 789 765 743 Power & Fuel 1,293 1,140 1,102 1,018 1,003 1,012 1,005 945 27
Slide 29: Impact on PBT due to Goodwill Amortization (Restructuring Related)
Impact on PBT due to Goodwill Amortization (Restructuring Related) (Rs Cr) FY25 FY24 With Without With Without Restructuring Restructuring Restructuring Restructuring Income from Operations 13,980 13,980 14,691 14,691 Less:-Operating Expenses 11,573 11,573 12,052 12,052 EBITDA 2,407 2,407 2,639 2,63
Slide 30: Thank You
CONTACT INFORMATION Thank You Corporate Office: 11th & 12th floor, Hansalaya Building, 15, Barakhamba Road, New Delhi – 110001 e: investorrelations@dalmiabharat.com w: www.dalmiacement.com