BUZZ-India's Dalmia Bharat hits near 7-month high on Q4 profit rise

Reuters
24 Apr
BUZZ-India's Dalmia Bharat hits near 7-month high on Q4 profit rise

** Shares of Dalmia Bharat DALB.NS rise as much as 4.8% to 1,980 rupees, highest level since October 4

** The cement maker on Wednesday reported 38.1% Y/Y rise in Q4 consol net profit

** Rev from ops fell 5% Y/Y, total expenses down nearly 9%

** Co adds, EBITDA grew by 21% YoY in Q4 due to co's various cost-cutting measures like increase in renewable energy (RE) capacity

** Jefferies ("buy", PT: 2,050 rupees) says co's share of RE increased to 39% in Q4 FY25 from 34% in Q4 FY24

** More than 1 mln shares change hands, 3.5x of 30-day avg

** Avg rating of 28 analysts equivalent of "hold", median PT is 1,925 rupees - data compiled by LSEG

** Stock last up 3.7%, taking YTD gains to 10.8%

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10