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Informist, Tuesday, Apr. 28, 2026

By Ashutosh Pati

MUMBAI – Dalmia Bharat Ltd Tuesday reported a fall in its bottom line for the March quarter, after four straight quarters of growth, due to a rise in other expenses and the cost of raw materials. However, increasing sales volumes supported the top line growth of the company. Despite falling, the cement maker's net profit was slightly higher than the Street's expectations while its revenue missed view.

The company reported consolidated net profit of INR 3.87 billion for the March quarter, down 11% on year. This was marginally higher than analysts' expectations of INR 3.42 billion. Dalmia Bharat's consolidated revenue from operations rose around 4% on year to INR 42.45 billion for the quarter. Sequentially, the company's net profit surged more than three times while its revenue was up 21%.

Dalmia Bharat will pay INR 5 per share as final dividend for FY26. The company's total expenses rose over 3% on year to INR 38.40 billion, led by a rise in other expenses.

The company's other expenses rose 7% on year to INR 6.12 billion. Its power and fuel expenses rose nearly 3% on year to INR 7.94 billion while cost of raw materials consumed rose around 2% to INR 6.35 billion. Its freight charges on finished goods rose around 2% to INR 8.18 billion. Dalmia Bharat's power and fuel cost per tonne rose to INR 954 per tonne for the March quarter from INR 945 per tonne a year ago.

"The recent improvement in cement prices is expected to help offset cost pressures arising out of geo-political uncertainties," Dharmender Tuteja, chief financial officer of the company, said in a release. "I am confident that our consistent focus on maximizing ROCE (return on capital employed), coupled with strategic capacity expansion, will drive strong value creation for all our stakeholders," Tuteja said.

The cement maker's revenue growth for the quarter was supported by a 3% on-year increase in volumes to 8.8 million tonnes. It reported earnings before interest, tax, depreciation, and amortisation of INR 9.02 billion for the quarter, up around 14% on year. The company's EBITDA per tonne rose over 10% to INR 1,023 per tonne for the quarter.

For the financial year 2025-26 (Apr-Mar), the company reported net profit of INR 11.39 billion, up around 67% on year. It earned revenues of INR 148.04 billion for the year, up around 6%. The company declared its March quarter results during market hours. At 1506 IST, shares of the company traded over 3% lower at INR 1,910.20 on the National Stock Exchange.  End

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Akul Nishant Akhoury

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