Dalmia Bharat Limited Reports Financial Results for Quarter and Year Ended March 31, 2026
New Delhi, April 28, 2026: Dalmia Bharat Limited, a leading cement manufacturing company, announced its consolidated financial results for the quarter and year ended March 31, 2026.The company reported significant performance metrics across the quarter and fiscal year. Key highlights for the quarter included a 3% year over year increase in sales volume, reaching 8.8 Million Tonnes (MnT), and a 4% year over year jump in revenues, totaling Rs 4,245 Crore. Furthermore, the company recorded its highest ever Quarterly EBITDA of Rs 902 Crore, marking a 14% year over year increase. As of March 31, 2026, the Net Debt to EBITDA ratio stood at 0.46x.
Financial Performance Summary
The financial results for the quarter and fiscal year ended March 31, 2026, demonstrate robust growth, with the Profit After Tax (PAT) jumping 65% year over year to Rs 1,157 Crore in FY26.The following table summarizes the key financial figures in Rs Crore:
| Particulars | Q4 FY26 | Q4 FY25 | YoY % Change | FY26 | FY25 | YoY % Change |
|---|---|---|---|---|---|---|
| Sales Volume (MnT) | 8.8 | 8.6 | 3.0% | 30.0 | 29.4 | 2.2% |
| Revenue from Operations | 4,245 | 4,091 | 3.8% | 14,804 | 13,980 | 5.9% |
| EBITDA | 902 | 793 | 13.7% | 3,083 | 2,407 | 28.1% |
| EBITDA/T (Rs/T) | 1,023 | 926 | 10.4% | 1,027 | 820 | 25.3% |
| PAT | 394 | 439 | -10.3% | 1,157 | 699 | 65.5% |
| Net Debt to EBITDA (x) | 0.46x | 0.30x | 0.16x | 0.46x | 0.30x | 0.16x |
Management Commentary
Puneet Dalmia, Managing Director & CEO of Dalmia Bharat Limited, noted that the company is positioned to play a meaningful role in India's growth journey as the nation progresses toward the vision of Viksit Bharat by 2047. He stated that the company delivered its highest ever EBITDA of Rs 3,083 Crore in FY26. He added that with ongoing investments, a strong balance sheet, and a highly committed executive committee, Dalmia is well-positioned for accelerated growth.Dharmender Tuteja, Chief Financial Officer of Dalmia Bharat Limited, highlighted the strong quarterly performance. He observed that cement volumes improved by 3% year over year to 8.8 MnT. He attributed the strong EBITDA uptick in Q4 to a combination of improved realizations, continued cost optimization initiatives, and higher volumes, suggesting that the recent improvement in cement prices is expected to help offset cost pressures from geo-political uncertainties.
Strategic and Operational Updates
In terms of operational expansion, the company commissioned 15 MW of Waste Heat Recovery System (WHRS) power and 7 MW of Solar power during the quarter. Additionally, an extra 17 MW of renewable energy capacity was commissioned under Group Captive agreements, increasing the total operational renewable energy capacity to 449 MW by the end of FY26.Regarding capital structure and dividends, the Board recommended a final dividend of Rs 5 per share, representing 250% of the face value of Rs 2 per share, subject to approval by shareholders at the ensuing Annual General Meeting (AGM).
On the legal front, the company confirmed that the Enforcement Directorate (ED) attached land parcels valued at Rs 344 Crore, considering alleged Proceeds of Crime (POC) of Rs 793 Crore. Following a challenge before the PMLA Tribunal, which reduced the POC by approximately 90% to Rs 93 Crore, the ED subsequently ordered the release of the attached land parcels. Dalmia intends to challenge the Tribunal's order concerning the POC of approximately Rs 93 Crore.
Recognitions and Company Profile
The company received several prestigious national and industry recognitions during the quarter, emphasizing its commitment to operational excellence and sustainability. Notably, Dalmia Bharat achieved a score of 70 in the Dow Jones Sustainability Index (DJSI) Corporate Sustainability Assessment for FY25, an improvement from 64 the previous year. Multiple units were also recognized for excellence in Safety, Occupational Health & Safety, and Fire Safety practices, and the company was recognized at the World HRD Congress for strong people practices.Established in 1939, Dalmia Bharat Limited is a pioneering cement company headquartered in New Delhi. The company, including its subsidiaries, is the fourth largest cement manufacturer in India by installed capacity, with a total capacity pegged at 49.5 MnT. Spread across 10 states and 15 manufacturing units, the group emphasizes clean energy transition, being the first cement company to commit to RE100, EP100, and EV100.
DALBHARAT Stock Price Movement
As of 2:41 PM, Dalmia Bharat Limited shares are shedding 1.76% in live trading, currently standing at ₹1938. The stock is under pressure, witnessing 462,560 shares traded today as the market digests ongoing selling momentum.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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