Dalmia Bharat announced strong Q2 & H1 FY26 results, with EBITDA up 60% YoY to ₹696 Cr. Sales volume reached 6.9 MnT. The company is expanding capacity, including commencing trial runs at the Umrangso, Assam unit. Renewable energy share increased to 48.1%. An interim dividend of ₹4 per share was declared.
Financial Performance Highlights
Dalmia Bharat reported impressive financial results for Q2 FY26:
Sales volume stood at 6.9 MnT.
EBITDA improved significantly, up 60% YoY to ₹696 Cr; EBITDA/T increased by 56% YoY to ₹1,013.
NSR/T increased by 7.6% YoY, reaching ₹4,973.
Net Debt/EBITDA stood at 0.56x as of September 30, 2025.
Capacity Expansion Initiatives
Trial runs commenced at the Umrangso, Assam clinker unit (3.6 MnT capacity), with commercial production expected in Q3 FY26.
Civil work for the Belgaum expansion is progressing in full swing.
Sustainability and Dividends
Renewable energy now constitutes 48.1% of the company’s energy mix. A new 93 MW RE capacity was commissioned, raising the total operational RE capacity to 387 MW.
An interim dividend of ₹4 per share has been declared.
Growth Projects Milestones
Umrangso, Assam: Trial production run commenced in September 2025, with commercial production expected by Q3 FY26 (Clinker Capacity: 3.6 MnTPA).
Belgaum, Karnataka & Pune, Maharashtra: All major orders placed and civil work is in full swing (52% completed) (Clinker Capacity: 3.6 MnTPA, Cement Capacity: 6 MnTPA).
Kadapa, Andhra Pradesh: Plant land is available, and public hearing is completed (Clinker Capacity: 3.6 MnTPA, Cement Capacity: 6 MnTPA and Bulk Terminal – 3 MnTPA at Chennai, Tamil Nadu).
Source: BSE
