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VERIFIEDET Markets·negative
Dalmia Bharat posts Rs 205 crore Q2 loss on exceptional hit
AI Summary
- ·Dalmia Bharat reported a consolidated loss of Rs 205 crore for the September quarter.
- ·The loss was primarily driven by an exceptional hit of Rs 339 crore from asset impairment and employee separation.
- ·Despite a 3% rise in sales volume and a 4% increase in consolidated revenue to Rs 3,563 crore, EBITDA declined by 29% due to a 22% rise in power and fuel costs.