Q2 FY26 Highlights
- Sales Volume stood at 6.9 MnT
- Quarterly EBITDA grew 60% to Rs 696 Cr
- EBITDA/T increased by 56% YoY to Rs 1,013/T
- Net Debt to EBITDA stood at 0.56x as on Sept 30, 2025
- Commenced Trial Run production of 3.6 MnT clinker line at Umrangso, Assam
- Share of Renewable Power Consumption stood at 48.1%
(Operational RE capacity including Group Captive – 387MW)
Bengaluru, 17th October 2025 : Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter and half year ended September 30, 2025.
Financial Highlights for the Quarter and Half year ended September 30, 2025
(Figures in Rs. Crores)
|
Q2FY26
|
Q2FY25
|
YoY
|
H1FY26
|
H1FY25
|
YoY
|
|
|
Sales Volume (MnT)
|
6.9
|
6.7
|
2.9%
|
13.9
|
14.1
|
(1.7%)
|
|
Income from Operations
|
3,417
|
3,087
|
10.7%
|
7,053
|
6,708
|
5.1%
|
|
EBITDA
|
696
|
434
|
60.3%
|
1,579
|
1,103
|
43.1%
|
|
EBITDA/T (Rs/T)
|
1,013
|
650
|
55.9%
|
1,138
|
782
|
45.6%
|
|
PAT^
|
239
|
49
|
387.8%
|
634
|
194
|
226.8%
|
|
Net Debt to EBITDA (x)
|
0.56x
|
0.25x
|
0.3x
|
0.56x
|
0.25x
|
0.3x
|
^Note: Exceptional Items in H1FY25 includes impact of Rs 113 Cr (Pre-Tax) on account of one-time provision being created with Jaiprakash Associates Ltd. undergoing Insolvency Proceedings, which was later reduced by Rs 16 Cr in Q1 FY26 after review of position
Commenting on the performance, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “GST rate cut is a commendable initiative by the Indian government aimed at boosting consumption and demand at a time when the economy is navigating through external geopolitical pressures. Reduction in GST on cement from 28% to 18% is a long-awaited fiscal relief and a welcome step.” He further added, “At Dalmia Bharat, we remain focused upon building scale and delivering profitable growth, and I am confident that we are well positioned to capture the tremendous opportunities that lie ahead of us.”
Mr. Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat Limited, said “During the quarter, our revenues improved by 11% YoY while EBITDA increased by 60% to Rs 696 Cr backed by healthy cement realizations and benign costs. Our 3.6 MnT Umrangso clinker line has commenced trial production in Sep’2025 and should commence commercial production by Q3 FY26. With a strong balance sheet and encouraging profitability outlook, we are steadily progressing towards our vision of becoming a PAN-India player.”
Key updates
- Trial runs commenced at the 3.6 MnT clinker line in Umrangso, Assam during September, with commercial production expected to begin in Q3 FY26.
- Commissioned 93 MW of RE capacity, taking our operational RE capacity to 387 MW
- In line with the Capital Allocation framework, the company has declared an interim dividend of Rs 4 per share.
Key Recognitions during the quarter
Dalmia Cement has been conferred with several prestigious national awards, reinforcing its commitment to operational excellence, sustainable practices, workplace safety, and environmental stewardship.
- Excellence in Energy Management
Dalmiapuram, Ariyalur, Rajgangpur, Kapilas Cement Works, Rohtas Cement Works, and Lanka Cement Works were recognized for outstanding energy performance. In addition, Ariyalur Cement, Dalmiapuram Unit and Lanka Cement Works were distinguished as National Energy Leaders, reflecting our leadership in energy efficiency. - Architectural Aesthetics
Shuttle by Dalmia Bharat won 4th CECR Award by CECR magazine for its innovation and excellence in architectural design, highlighting the company’s contribution to advancing building aesthetics. - Environmental Leadership
The Dalmiapuram Kalaikudi Mines received the National Environment Award 2024–25 from the Federation of Indian Mineral Industries for exemplary initiatives in sustainable mining and environmental protection.
These recognitions collectively underscore Dalmia Cement’s unwavering focus on sustainability, innovation, safety, and the well-being of its workforce, while setting new benchmarks for the industry.