Diversified firm Dalmia Bharat today reported more than three-fold jump in its consolidated net profit at Rs 37.12 crore for the quarter ended March 31, 2013, on account higher profit in its subsidiary firms.
It had clocked a net profit of Rs 10.54 crore in the same quarter corresponding year, the company said in a filing to the BSE.
The company’s performance improved due to a turnaround in the share of profit in its subsidiary associates to Rs 15.75 crore in the fourth quarter of the 2012-13 fiscal, as against the net loss of Rs 12.03 crore in the year-ago period.
Also, the net income of Dalmia Bharat increased to Rs 783.32 crore from Rs 661.78 crore in the review period.
Dalmia Bharat has its presence in cement, sugar, refractories and power manufacturing.
For the full fiscal 2012-13, the company’s consolidated net profit increased to Rs 197.11 crore from Rs 143.45 crore in the 2011-12 fiscal.
The total income increased to Rs 2,790.62 crore from Rs 2,342.18 crore in the review period.
In the 2012-13 fiscal, the company had acquired Adhunik Cement in Meghalaya with a capacity of 1.5 million tonnes per annum and raised stake in Calcom Cement to 76 per cent.
Shares of the company today fell by 0.28 per cent to close at Rs 126.60 on the BSE.