Dalmia Bharat Q3FY26: EBITDA Surges 17.8% to ₹602 Cr; New Clinker Line Operational
Dalmia Bharat reported Q3FY26 results with a 9.5% YoY volume increase to 7.3 MnT. Quarterly EBITDA grew 17.8% YoY to ₹602 Cr. Net Debt to EBITDA was 0.60x. Commercial production commenced from a new 3.6 MnTPA clinker line in Umrangso, Assam on January 20, 2026.
The strong financial performance, coupled with the commissioning of a new clinker line which increases production capacity, is expected to have a significant positive impact on the company's future revenue and profitability.
The company reported strong financial results with significant year-on-year growth in volume, EBITDA, and PAT. The commencement of a new clinker line and increased renewable energy capacity are positive operational developments.
Dalmia Bharat Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a strong performance with volume increasing by 9.5% year-on-year (YoY) to 7.3 million tonnes (MnT) for the quarter. Quarterly EBITDA grew by 17.8% YoY to ₹602 crore, while Net Debt to EBITDA stood at a healthy 0.60x as of December 31, 2025. The share of renewable power consumption reached 48%.
Key highlights for the quarter include income from operations of ₹3,506 crore, a 10.2% YoY increase, and EBITDA of ₹602 crore, up 17.8% YoY. Profit After Tax (PAT) saw a significant jump of 93.9% YoY to ₹128 crore. For the nine months ended December 31, 2025, income from operations was ₹10,559 crore (up 6.8% YoY), and EBITDA rose by 35.1% YoY to ₹2,181 crore, with PAT increasing by 193.1% YoY to ₹762 crore.
Mr. Puneet Dalmia, Managing Director & CEO, expressed confidence in India's economic growth and the company's performance, highlighting the robust volume growth driven by focused sales efforts. He also noted the commencement of commercial production from the new 3.6 MnTPA clinker line at Umrangso, Assam, which is expected to strengthen the company's position in the North East.
Mr. Dharmender Tuteja, CFO, commented on the revenue growth of 10% YoY to ₹3,506 crore and EBITDA improvement of 18% YoY to ₹602 crore for the quarter. He also mentioned that ongoing expansion projects in Belgaum, Pune, and Kadapa are progressing as per schedule.
In a significant operational update, the company commenced commercial production from its 3.6 MnTPA Clinker line at Umrangso, Assam, on January 20, 2026, bringing the total clinker capacity to 27.1 MnT. Additionally, 23 MW of renewable energy (RE) capacity was commissioned, taking the operational RE capacity to 410 MW.
The company also received several prestigious national awards during the quarter for its commitment to operational excellence, sustainability, workplace safety, and environmental stewardship.
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