Strong Performance despite Challenging Environment Integration on Track for Acquired 5.2 MnTPA Cement Assets in Central Region
Key Highlights
- Installed cement capacity increased to 54.7 MnTPA with successful acquisition of 5.2 MnTPA capacity in Central Region
- Commercial production commenced at Chunar Grinding Unit in June; Trial run started at Rewa Clinker Unit in July
- Sales volume improved 9% YoY to 7.6 MnT
- Revenues from operations increased 7% YoY to Rs 3,890 Cr
- EBITDA per ton improved sequentially to Rs 1,055; EBITDA stood at Rs 805 Cr
Mumbai, July 24th, 2026: Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ended Jun 30, 2026.
Financial Highlights for the Quarter ended Jun 30, 2026
(Figures in Rs. Crores)
| Particulars | Q1FY27 | Q1FY26 | YoY |
| Sales Volume (MnT) | 7.6 | 7.0 | 9.0% |
| Revenue from Operations | 3,890 | 3,636 | 7.0% |
| EBITDA | 805 | 883 | (8.8%) |
| EBITDA/T (Rs/T) | 1,055 | 1,261 | (16.4%) |
| PBT (before exceptional items) | 436 | 502 | (13.1%) |
| Exceptional items1 | (182) | 16 | |
| PBT | 254 | 518 | (51.0%) |
| PAT | 192 | 395 | (51.4%) |
| Net Debt to EBITDA (x) | 1.47x | 0.33x |
Commenting on the performance, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “This quarter marks an important milestone with the acquisition of cement assets in the Central region, as we move firmly towards our aspiration of becoming a pan-India player. Our earlier association with these assets and the markets provides us a great head start. As we look ahead, our endeavour will be swift ramp up and embedding Dalmia’s cost leadership practices to unlock superior returns.” He further added, “Despite geopolitical uncertainties, India continues to demonstrate resilience. With the Government’s sustained focus on infrastructure development, long term cement demand outlook remains constructive. In this backdrop, Dalmia continues to make steady progress on its strategic priorities, reinforcing its commitment to creating long-term value for its stakeholders.”
Mr. Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat Limited, said “Despite temporary disruptions owing to state elections, we delivered a robust volume growth of 9% on a YoY basis. Supported by healthy price increases and focused initiatives across the business, we were able to offset the cost escalation meaningfully and deliver a robust EBITDA of Rs 1,055 per ton.” He further added, “Our leverage remains modest despite the acquisition, underscoring our commitment to prudent and disciplined capital allocation. While the near-term cost headwinds persist, our unwavering focus on operational excellence and disciplined execution will position us well to continue delivering profitable and sustainable growth.”
Key updates
- Completed the acquisition of Jaiprakash Associates’ cement undertaking, adding 5.2 MnTPA of cement capacity and 3.3 MnTPA of clinker capacity across four strategically located plants in Madhya Pradesh and Uttar Pradesh, at an EV of Rs 2,850 Cr.
- Successfully commenced commercial production at 2.5 MnTPA Chunar Grinding Unit on June 20, 2026; Trial run started at the 3.3 MnTPA Rewa Clinker Unit in July.
- Entered into Share Subscription and Shareholders’ Agreement and a Power Consumption Agreement to acquire 41% stake (26% on fully-diluted basis) in Oyster Green Hybrid Five Private Limited, an SPV of Oyster Renewable Energy Private Limited, in one or more tranches, at an aggregate consideration of approx. Rs. 17 Cr, to source Hybrid Power (Wind & Solar) as a captive consumer for its Kadapa plant.
Key Recognitions during the quarter
The company received several prestigious national and industry recognitions, reaffirming its commitment to operational excellence, sustainability, workplace safety, and people-centric practices.
- CII-ITC Sustainability Award
DBL has been commended for ‘Significant Achievement’ in the Manufacturing sector under Excellence for Corporate Social Responsibility
- FAME India Awards 2026
Multiple Awards by various units (JCW, KCW, GCW and Umrangso) on Excellence in Health & Safety, Environment, Sustainability and CSR. - Kalinga Environment Excellence Award
5 Star award for Excellence in Environment stewardship, Operational Excellence and Sustainable Growth to Rajgangpur and Gold category to KCW Unit in social impact, sustainable development & positive change in communities
