| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 4.2K | 21.1% | 3.8% |
| Total Income | 4.3K | 20.2% | 2.5% |
| Expenditure | 3.8K | 14.2% | 3.3% |
| PBT | 440.00 | 152.9% | 5.8% |
| Net Profit | 394.00 | 207.8% | 10.3% |
| OPM | 21.01% | 4.75pp | 1.63pp |
| NPM | 9.18% | 5.59pp | 1.31pp |
| EPS | 20.77 | 219.5% | 10.5% |
Dalmia Bharat FY26 PAT up 65% to ₹1,157 Cr; Q4 EBITDA ₹902 Cr
28 Apr 2026 · 28 Apr, 2:32 pm
Summary
Dalmia Bharat Limited reported a robust performance for Q4 and the full fiscal year ended March 31, 2026. For FY26, Profit After Tax surged by 65.5% year-over-year to ₹1,157 crore, while the company achieved its highest ever annual EBITDA of ₹3,083 crore, a 28.1% increase. In Q4 FY26, Revenue from Operations grew by 3.8% to ₹4,245 crore, and quarterly EBITDA rose 13.7% to a record ₹902 crore, supported by improved realizations and cost optimization. Management expressed a positive outlook, highlighting ongoing investments and a strong balance sheet as drivers for accelerated growth and value creation, particularly in the context of India's infrastructure development towards Viksit Bharat by 2047. The company also announced a final dividend of ₹5 per share.
Key Highlights
- 1
Profit after tax for FY26 showed a significant jump of 65.5% year-over-year, reaching ₹1,157 crore.
- 2
Revenue from Operations in Q4 FY26 increased by 3.8% year-over-year to ₹4,245 crore, contributing to a full-year revenue of ₹14,804 crore, up 5.9% YoY.
- 3
The company achieved its highest ever quarterly EBITDA of ₹902 crore in Q4 FY26, up 13.7% year-over-year, and a record full-year EBITDA of ₹3,083 crore, a 28.1% increase.
- 4
Sales volume grew by 3.0% year-over-year to 8.8 MnT in Q4 FY26, with full-year sales volume reaching 30.0 MnT, up 2.2% YoY.
- 5
Net Debt to EBITDA stood at 0.46x as of March 31, 2026.
- 6
The Board recommended a final dividend of ₹5 per share (250% on face value of ₹2 per share) for FY2025-26, subject to shareholder approval.
- 7
Dalmia Bharat significantly expanded its renewable energy capacity by commissioning 15 MW WHRS and 7 MW Solar power during the quarter, increasing total operational renewable energy capacity to 449 MW by FY26 end.
Management Comments
Mr. Puneet Dalmia
As the nation progresses toward the vision of Viksit Bharat by 2047, substantial investments in infrastructure will be essential, and Dalmia Bharat is proud to play a meaningful role in India’s growth journey. India continues to demonstrate resilience amidst the geo-economic uncertainties. During the year, we made significant progress on our strategic priorities and delivered highest ever EBITDA of Rs 3,083 Cr in FY26. Going ahead, I remain excited about the opportunities that lie before us. With ongoing investments, a strong balance sheet and a highly committed executive committee, Dalmia is well-positioned for an accelerated growth.
Mr. Dharmender Tuteja
During the quarter, our cement volumes improved by 3% YoY to 8.8 MnT. At the same time, we continue to improve on our quality of sales with improvement in trade share as well as premium mix. EBITDA saw a strong uptick to Rs 902 Cr in Q4, supported by a combination of improved realizations, continued cost optimization initiatives and higher volumes. The recent improvement in cement prices is expected to help offset cost pressures arising out of geo-political uncertainties. I am confident that our consistent focus on maximizing ROCE, coupled with strategic capacity expansion, will drive strong value creation for all our stakeholders.
Informational and educational content only. Not investment advice.