Dalmia Bharat reports strong Q2 FY26 results with 60% EBITDA growth to ₹696 crore
Dalmia Bharat reported strong Q2 FY26 results with EBITDA up 60% to ₹696 crore and PAT up 387.8%. Trial production for Umrangso clinker line commenced, and an interim dividend of ₹4 per share was declared.
The announcement indicates strong financial performance and progress in operational expansion with the new clinker line, which is expected to contribute to future capacity. The interim dividend also signals confidence in financial health, collectively having a positive but not immediately transformative impact on the company's valuation or market position.
The company reported significant year-on-year growth in key financial metrics, including a 60.3% increase in EBITDA and a 387.8% increase in PAT for Q2 FY26. Operational expansion with the new clinker line and declaration of an interim dividend further contribute to a positive outlook.
Dalmia Bharat Limited announced its consolidated unaudited financial results for the quarter and half year ended September 30, 2025. * Q2 FY26 Financial Highlights (YoY growth): * Sales Volume: 6.9 MnT, up 2.9% * Income from Operations: ₹3,417 crore, up 10.7% * EBITDA: ₹696 crore, up 60.3% * EBITDA/T: ₹1,013/T, up 55.9% * PAT: ₹239 crore, up 387.8% * Net Debt to EBITDA: 0.56x as on September 30, 2025 * H1 FY26 Financial Highlights (YoY growth): * Sales Volume: 13.9 MnT, down 1.7% * Income from Operations: ₹7,053 crore, up 5.1% * EBITDA: ₹1,579 crore, up 43.1% * PAT: ₹634 crore, up 226.8% * Management Commentary: * Mr. Puneet Dalmia, Managing Director & CEO, welcomed the GST rate cut on cement and reiterated the company's focus on building scale and delivering profitable growth. * Mr. Dharmender Tuteja, Chief Financial Officer, noted the 11% YoY revenue improvement and 60% EBITDA increase, driven by healthy cement realizations and benign costs. He also highlighted the commencement of trial production for the 3.6 MnT Umrangso clinker line in September 2025, with commercial production expected by Q3 FY26. * Key Updates: * Commenced trial run production of the 3.6 MnT clinker line at Umrangso, Assam. * Commissioned 93 MW of Renewable Energy (RE) capacity, taking operational RE capacity to 387 MW. * Declared an interim dividend of ₹4 per share. * Key Recognitions: The company received several national awards for excellence in energy management, architectural aesthetics, and environmental leadership.
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Dalmia Bharat Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Dalmia Bharat Limited. Read the original for the full detail.