• Strong progress on integration of central assets
  • Trial run began at 3.6 MnTPA Belgaum clinker line in Oct’26, ahead of schedule
  • Revenue from operations increased 4% YoY to Rs 3,563 Cr
  • EBITDA stood at Rs 493 Cr, impacted by cost headwinds
  • Share of Renewable Power consumption rose to 52%


Mumbai: Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter and half year ended September 30, 2026.

Financial Highlights for the Quarter & Half year ended September 30, 2026


(Figures in Rs. Crores)

ParticularsQ2FY27Q2FY26YoYH1FY27H1FY26YoY
Sales Volume (MnT)7.16.93%14.713.96%
Revenue from Operations3,5633,4174%7,4537,0536%
EBITDA493696-29%1,2981,579-18%
EBITDA/T (Rs/T)6981,013-31%8831,138-22%
PBT (Before Exceptional items)46318-86%482820-41%
Exceptional items[1]-339– -52116 
PAT-205239-186%-13634-102%
Net Debt to EBITDA (x)2.0x0.6x1.4x   

Commenting on the performance, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “India continues to demonstrate remarkable resilience despite global headwinds. Robust economic activity, supported by sustained public spending, drove broad-based growth. Cement demand too recorded healthy growth during the quarter, reinforcing my confidence in the industry’s long-term prospects. In this backdrop, our capacity expansion plans remain firmly on track while we make strong progress on integration of Central assets. Looking ahead, we remain focused on executing our strategic priorities, deepening our operational excellence and maintaining financial discipline to deliver sustainable and superior returns for our stakeholders.” 

Mr. Yatin Malhotra, Chief Financial Officer – Dalmia Bharat Limited, said “We achieved 4% YoY revenue growth during the quarter on the back of volume growth and better realization. Demand challenges in few of our key markets along with macro-economic cost headwinds impacted EBITDA for the quarter. While the operating environment continues to remain challenging, we are hopeful that positive momentum on cement prices and our consistent focus on cost optimization will help mitigate cost pressures.” He further added, “Financial discipline remains central to profitable growth. Guided by this, we continue to sharpen our focus on prudent capital allocation and disciplined execution to build a strong financial foundation for Dalmia’s next phase of growth.”