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Informist, Wednesday, Jan. 21, 2026

 

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--Dalmia Bharat Oct-Dec consol net profit INR 1.22 bln 
--Analysts saw Dalmia Bharat Oct-Dec consol net profit INR 1.67 bln 
--Dalmia Bharat Oct-Dec consol revenue INR 35.06 bln 
--Analysts saw Dalmia Bharat Oct-Dec consol revenue INR 34.56 bln 
--Dalmia Bharat Oct-Dec consol PAT INR 1.22 bln vs INR 610.00 mln year ago 
--Dalmia Bharat Oct-Dec consol revenue INR 35.06 bln vs INR 31.81 bln yr ago 
--Dalmia Bharat Apr-Dec consol PAT INR 7.51 bln vs INR 2.48 bln year ago 
--Dalmia Bharat Apr-Dec consol revenue INR 105.59 bln vs INR 98.89 bln yr ago 
 

 

By Pallavi Singhal

 

NEW DELHI – Dalmia Bharat Ltd.'s consolidated net profit for the December quarter doubled on year, aided largely by a low base after earnings were hit in the year-ago period by weak demand and subdued cement prices. However, the net profit fell short of Street expectations.

 

The cement maker's consolidated net profit doubled on year to INR 1.22 billion for the reporting quarter. However, the profit missed analysts' estimates of INR 1.67 billion. Revenue from operations rose over 10% on year to INR 35.06 billion, against the INR 31.81 billion reported in the year-ago quarter. The top line came in slightly higher than the Street's estimate of INR 34.56 billion.

 

The improvement in revenue was driven primarily by a recovery in volumes, the company's presentation showed. Sales volumes rose nearly 10% on year in the December quarter, outpacing cement demand growth of around 7-8%, supported by post-monsoon demand recovery and early festive-season traction, the company said. On a sequential basis, volumes improved 6%. Net sales realisation per tonne increased about 1% on year, aided by better pricing, though sequential pricing fell 4%, remaining under pressure.

 

Despite the double-digit revenue growth, profitability was weighed down by higher operating expenses during the quarter. Total expenses rose 7.2% on year to INR 33.62 billion, compared with a 10.2% on-year rise in revenue. Power and fuel costs increased 11.7% on year to INR 7.44 billion, tracking elevated energy prices, even as higher usage of renewable energy helped limit the increase. Cost of raw materials consumed rose 12.6% on year to INR 5.74 billion, despite the impact of an additional mineral tax in Tamil Nadu, supported by a high share of blended cement. Freight and logistics expenses increased 3.3% on year to INR 7.73 billion. Other expenses rose 11.1% on year to INR 5.79 billion. 

 

The company's earnings before interest, tax, depreciation, and amortisation rose about 18% on year to INR 6.02 billion, driven by volumes, pricing, and cost, the company said. The company's EBITDA per tonne rose nearly 8% on year to INR 823, but saw a sharp sequential decline of nearly 19% in Oct-Dec, reflecting higher exposure to regions where pricing pressure has been more intense.

 

Dalmia Bharat is among India's leading cement producers with a total production capacity of 49.5 million tonnes per annum. The company has a strong presence in the south and east--regions that saw the sharpest price corrections during the quarter. 

 

For Apr–Dec, Dalmia Bharat reported a consolidated net profit of INR 7.51 billion, compared with INR 2.48 billion in the year-ago period, implying a more than three-fold increase on year, aided by a low base and improved operating performance through the year. Revenue from operations for the nine-month period rose about 6.8% on year to INR 105.59 billion.

 

During the quarter, the company continued to make progress on capacity expansion. It commenced commercial production of a 3.6-million-tonne clinker line at Umrangso in Assam in January, while civil work at the Belgaum grinding unit was 86% complete, with all major orders placed for the Belgaum, Pune, and Kadapa expansion projects, the company said.

 

On Wednesday, shares of the company ended 1.9% higher at INR 2,232.40 on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

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