Shares of Dalmia Bharat Ltd. gained over 3% on Friday, October 17, in response to its quarterly results.

The company reported a net profit of ₹239 crore, which is in comparison to a net profit of ₹49 crore that it reported during the same quarter last year. The figure was also higher than CNBC-TV18's poll Of ₹230 crore.

Revenue for the quarter increased by 11.4% on a year-on-year basis to ₹3,417 crore from ₹3,087 crore last year. The topline was marginally lower than our poll Of ₹3,465 crore.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) surged by 60% to ₹696 crore, while EBITDA margin rose to 20.4% from 14% in the year-ago quarter.

Dalmia Bharat has also declared an interim dividend of ₹ 4 per share.

"GST rate cut is a commendable initiative by the Indian go

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