Dalmia Bharat Limited has informed the Exchange about General Updates Earnings Release / Investor Presentation Q1 FY26
DALBHARAT · price
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Dalmia Bharat posted its highest-ever quarterly EBITDA of Rs 883 Cr in Q1 FY26, up 32% year-on-year, driven by better pricing and cost efficiency. Sales volume stood at 7.0 MnT, down 5.8% YoY due to the discontinuation of Jaypee tolling volumes, but net sales realisation rose 6.6% to Rs 5,193 per ton. EBITDA margin expanded sharply to 24.3% from 18.5% in Q1 FY25, with EBITDA per ton jumping 40% YoY to Rs 1,261. The company announced a Rs 3,287 Cr investment in a new 3.6 MnTPA clinker and 6 MnTPA grinding unit at Kadapa, Andhra Pradesh (plus 3 MnTPA bulk terminal in Chennai), expected to commission by Q2 FY28. Net Debt/EBITDA remains comfortable at 0.33x, supported by Rs 742 Cr divestment of 4.1% stake in IEX and lower cost of borrowing at 7.5%.
Strong margin expansion and a clear capacity-led growth roadmap through FY28 are positives for shareholders, even as near-term volume softness (down 5.8% YoY) is a watchpoint. The improving profitability and disciplined balance sheet should support earnings momentum going forward.