Dalmia Bharat Limited has informed the Exchange about Investor Presentation Q1 FY26
DALBHARAT · price
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Dalmia Bharat reported its highest-ever quarterly EBITDA of Rs 883 Cr in Q1 FY26, with revenue rising to Rs 5,193 Cr (from Rs 4,874 Cr in Q1 FY25) and EBITDA per ton jumping to Rs 1,261 (from Rs 901). Realisations improved to Rs 5,193/T from Rs 4,874/T a year ago. The company reiterated its long-term capacity expansion roadmap, targeting 75 MnT by FY28 and 110-130 MnT by 2031 (CAGR of 14-15%), with brownfield expansions at Belgaum-Pune and Kadapa already lined up. Net Debt/EBITDA remains comfortable at 0.33x, and the company aims for an ROCE of 14-15% over the next few years, with a cost efficiency target of Rs 150-200/T by FY27. ICRA upgraded its ESG rating to 80 (Exceptional), and the company highlighted its goal of becoming carbon-negative by 2040.
Positive for shareholders – record quarterly EBITDA, rising realisations, and a clear growth roadmap signal operational momentum. The strong balance sheet (Net Debt/EBITDA at 0.33x vs target of <2x) gives ample headroom for the announced capex cycle, while management's formal capital allocation framework (up to 10% of operating cash flow for shareholder returns) supports potential dividends and buybacks.