New Delhi, India — April 28, 2026
Cement major Dalmia Bharat Limited reported a mixed set of results for the fourth quarter of fiscal year 2025–26, with net profit declining 11% year-on-year to ₹387 crore, compared to ₹435 crore in the same period last year.
Despite the drop in bottom-line earnings, the company delivered steady operational performance, supported by revenue growth, improved margins, and higher sales volumes.
Revenue and Operational Performance Improve
Dalmia Bharat’s revenue from operations rose 3.8% to ₹4,245 crore, reflecting stable demand conditions in the cement sector.
The company also reported strong growth in operating profitability. EBITDA increased 13.7% year-on-year to ₹902 crore, driven by better cost management and operational efficiencies.
Margins Expand on Cost Control
A key highlight of the quarter was the improvement in margins. The EBITDA margin expanded to 21.2%, up from 19.4% a year earlier, indicating effective cost optimization strategies.
Sales Volume Shows Steady Growth
Cement sales volume grew 3% year-on-year to 8.8 million tonnes (MnT), pointing to consistent demand across key markets.
Dividend Announcement
The company’s board recommended a final dividend of ₹5 per equity share for FY26, signaling continued commitment to shareholder returns despite profit pressure.
Market Reaction
Following the earnings announcement, shares of Dalmia Bharat came under selling pressure. The stock declined 4% on the National Stock Exchange (NSE), closing near ₹1,905, as investors reacted to the decline in net profit.
Outlook
While operational metrics remain strong, the decline in profit highlights ongoing challenges in managing costs and maintaining margins in a competitive environment. Going forward, investors will monitor demand trends, input costs, and pricing dynamics in the cement sector.
