Dalmia Bharat Limited has informed the Exchange about Transcript

Dalmia Bharat posted its highest-ever quarterly EBITDA of INR 883 crores in Q1 FY26, up 32% YoY, with EBITDA margin expanding nearly 5.8 percentage points to 24.3% and EBITDA per ton rising 40% YoY to INR 1,261. Sales volumes dipped 6% YoY to 7 million tons (flat on a like-for-like basis excluding last year's tolling volumes), while revenue held steady at INR 3,636 crores and net selling realisation improved 9% QoQ on better pricing in the South. Management reiterated a cost reduction target of INR 150-200 per ton over the next two years and outlined an expansion roadmap adding 14-14.5 MTPA of capacity, taking total cement capacity to 63.5-64 MTPA by FY28, anchored by the newly-approved Kadapa project (INR 3,287 crores capex), Belgaum-Pune, and the Umrangso clinker line (trial run by September 2025). The Jaisalmer greenfield remains contingent on the outcome of the Jaiprakash Associates acquisition bid, while balance sheet stayed healthy with net debt/EBITDA at 0.33x and FY26 capex guided at INR 4,000 crores.