Dalmia Bharat Limited Announces CFO Appointment as Financial Results for Quarter Ending June 30, 2026 are Approved
Dalmia Bharat Limited has announced significant updates following its Board meeting held on July 24, 2026. The Board considered and approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. Furthermore, the company announced a key managerial transition with the appointment of Mr. Yatin Malhotra as the Chief Financial Officer and Key Managerial Personnel.Management Transition and Appointment Details
The Board meeting reviewed personnel changes based on recommendations from the Nomination & Remuneration Committee. The company confirmed that Mr. Dharmender Tuteja, who served as Chief Financial Officer and Key Managerial Personnel, will retire from his services effective July 31, 2026.In place of Mr. Tuteja, the Board approved the appointment of Mr. Yatin Malhotra as the new Chief Financial Officer and Key Managerial Personnel, effective August 01, 2026.
Mr. Malhotra was introduced as a seasoned finance professional with over 25 years of experience in operating and strategic finance. He is a qualified Chartered Accountant, Company Secretary, and Cost Accountant. Prior to joining Dalmia Group, he served as the Chief Financial Officer for ACC Limited and Whirlpool of India Ltd, and currently holds the position of Chief Financial Officer at Dalmia Cement (Bharat) Limited, a material subsidiary of the company.
Financial Performance Overview
The Unaudited Consolidated Financial Results for the quarter ended June 30, 2026, showed specific performance metrics across continuing operations. For the entire year ended March 31, 2026, total income stood at 15,026 Crores.Key figures from the consolidated results for the quarter ended June 30, 2026, are presented below:
| Financial Metric | Value (Rs. Crore) |
|---|---|
| Total Income | 4,029 |
| Total Expenses | 6,323 |
| Profit before tax from continuing operations | 436 |
Standalone Financial Performance:
The Unaudited Standalone Quarterly Financial Results for the quarter ended June 30, 2026, reflected specific operational figures. For this quarter, revenue from operations was reported at 108 Crores.
Operational Highlights and Strategic Developments
The financial results reflect several material operational developments within the Group:Acquisition of Business:
DCBL acquired a business comprising integrated and grinding units located at Rewa (Madhya Pradesh) and Churk, Chunar and Sadwa (Uttar Pradesh), along with captive thermal power plants and railway sidings. The acquisition, which occurred on May 29, 2026, was executed through a Business Transfer Agreement with Jaiprakash Associates Limited (JAL) and Adani Infra (India) Limited (AIIL). The aggregate enterprise value of the transaction amounted to Rs. 2,850 Crore. Acquisition-related costs estimated at Rs. 177 Crore were disclosed as an Exceptional Item in the financial results for the quarter ended June 30, 2026.
Legal and Financial Exposures:
The company faces ongoing legal matters concerning its subsidiary Dalmia Cement (Bharat) Limited (DCBL). A dispute regarding a stake in Dalmia Cement North-East Limited with Bawri Group remains pending resolution following interventions by the Delhi High Court. Furthermore, the Group noted that mutual fund units valued at Rs. 344 Crore were fraudulently transferred from demat accounts of erstwhile subsidiaries by Allied Financial Services Private Limited and ILFS Securities Services Limited, the matter currently pending for disposal.
Government Incentives:
DCBL had been eligible for Industrial Promotion Assistance (IPA) amounting to Rs. 250 Crore under the West Bengal State Support for Industries Scheme, 2013. However, subsequent legislative action by the West Bengal Legislature rescinded this incentive scheme, resulting in a challenge being filed before the Calcutta High Court regarding the constitutional validity of the new Act.
Consolidated Unaudited Financial Results Data
The comprehensive data set out during the review includes the following key metrics for continuing operations:| Particular | Q Ended 30-06-26 | Q Ended 31-03-26 (Audited) | Q Ended 30-06-25 | Y Ended 31-03-26 |
|---|---|---|---|---|
| Total Income | 4,029 | 4,290 | 3,685 | 15,026 |
Standalone Unaudited Financial Results Data
Standalone figures show continued operations and various expense categories. For the quarter ended June 30, 2026:| Particulars | Value (Rs. Crore) |
|---|---|
| Revenue from operations | 108 |
| Total income | 122 |
| Profit after exceptional item | 25 |
DALBHARAT Stock Price Movement
As of 1:23 PM, shares of Dalmia Bharat Limited are shedding value, slipping by 0.06% or ₹1.20 to trade at ₹1853.5. The equity traded heavily throughout the live market session, with over 181,000 shares changing hands.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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