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1010/02 July 24, 2026
BSE Limited National Stock Exchange of India Limited
P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G
Fort Mumbai -400001 Bandra – Kurla Complex, Bandra (East),
Scrip Code: 542216 Mumbai – 400 051
Symbol: DALBHARAT
Subject: Press Release on Unaudited Financial Results for the quarter ended June 30, 2026
Ref: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015
Dear Sir/Madam,
Please find enclosed herewith Press Release on Unaudited Financial Results of the Company
for the quarter ended June 30, 2026.
Kindly take the same on record.
Thanking you,
Yours sincerely,
For Dalmia Bharat Limited
Rajeev Kumar
Company Secretary
Encl: As above
Strong Performance despite Challenging Environment
Integration on Track for Acquired 5.2 MnTPA Cement Assets in Central Region
Key Highlights
• Installed cement capacity increased to 54.7 MnTPA with successful acquisition of 5.2
MnTPA capacity in Central Region
• Commercial production commenced at Chunar Grinding Unit in June; Trial run started at
Rewa Clinker Unit in July
• Sales volume improved 9% YoY to 7.6 MnT
• Revenues from operations increased 7% YoY to Rs 3,890 Cr
• EBITDA per ton improved sequentially to Rs 1,055; EBITDA stood at Rs 805 Cr
New Delhi, July 24th, 2026: Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading
cement manufacturing company, reported its consolidated financial results for the quarter
ended Jun 30, 2026.
Financial Highlights for the Quarter ended Jun 30, 2026
(Figures in Rs. Crores)
Particulars Q1FY27 Q1FY26 YoY
Sales Volume (MnT) 7.6 7.0 9.0%
Revenue from Operations 3,890 3,636 7.0%
EBITDA 805 883 (8.8%)
EBITDA/T (Rs/T) 1,055 1,261 (16.4%)
PBT (before exceptional items) 436 502 (13.1%)
Exceptional items1 (182) 16
PBT 254 518 (51.0%)
PAT 192 395 (51.4%)
Net Debt to EBITDA (x) 1.47x 0.33x
1. Exceptional items in Q1 FY27 primarily includes acquisition-related costs pursuant to Central cement assets
Commenting on the performance, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia
Bharat Limited, said, “This quarter marks an important milestone with the acquisition of
cement assets in the Central region, as we move firmly towards our aspiration of becoming a
pan-India player. Our earlier association with these assets and the markets provides us a great
head start. As we look ahead, our endeavour will be swift ramp up and embedding Dalmia’s
cost leadership practices to unlock superior returns.” He further added, “Despite geopolitical
uncertainties, India continues to demonstrate resilience. With the Government's sustained
focus on infrastructure development, long term cement demand outlook remains constructive.
In this backdrop, Dalmia continues to make steady progress on its strategic priorities,
reinforcing its commitment to creating long-term value for its stakeholders.”
Mr. Dharmender Tuteja, Chief Financial Officer – Dalmia Bharat Limited, said “Despite
temporary disruptions owing to state elections, we delivered a robust volume growth of 9% on
a YoY basis. Supported by healthy price increases and focused initiatives across the business,
we were able to offset the cost escalation meaningfully and deliver a robust EBITDA of Rs 1,055
per ton.” He further added, “Our leverage remains modest despite the acquisition,
underscoring our commitment to prudent and disciplined capital allocation. While the near-
term cost headwinds persist, our unwavering focus on operational excellence and disciplined
execution will position us well to continue delivering profitable and sustainable growth.”
Key updates
• Completed the acquisition of Jaiprakash Associates' cement undertaking, adding 5.2
MnTPA of cement capacity and 3.3 MnTPA of clinker capacity across four strategically
located plants in Madhya Pradesh and Uttar Pradesh, at an EV of Rs 2,850 Cr.
• Successfully commenced commercial production at 2.5 MnTPA Chunar Grinding Unit on
June 20, 2026; Trial run started at the 3.3 MnTPA Rewa Clinker Unit in July.
• Entered into Share Subscription and Shareholders’ Agreement and a Power
Consumption Agreement to acquire 41% stake (26% on fully-diluted basis) in Oyster
Green Hybrid Five Private Limited, an SPV of Oyster Renewable Energy Private Limited,
in one or more tranches, at an aggregate consideration of approx. Rs. 17 Cr, to source
Hybrid Power (Wind & Solar) as a captive consumer for its Kadapa plant.
Key Recognitions during the quarter
The company received several prestigious national and industry recognitions, reaffirming its
commitment to operational excellence, sustainability, workplace safety, and people-centric
practices.
• CII-ITC Sustainability Award
DBL has been commended for ‘Significant Achievement’ in the Manufacturing sector
under Excellence for Corporate Social Responsibility
• FAME India Awards 2026
Multiple Awards by various units (JCW, KCW, GCW and Umrangso) on Excellence in
Health & Safety, Environment, Sustainability and CSR.
• Kalinga Environment Excellence Award
5 Star award for Excellence in Environment stewardship, Operational Excellence and
Sustainable Growth to Rajgangpur and Gold category to KCW Unit in social impact,
sustainable development & positive change in communities
About Dalmia Bharat:
Founded in 1939, Dalmia Bharat Limited (BSE/NSE Symbol: DALBHARAT) is one of India’s pioneering cement
companies headquartered in New Delhi. With a growing capacity, currently pegged at 54.7 MnT, Dalmia Bharat
Limited (including its subsidiaries) is the fourth-largest cement manufacturing company in India by installed
capacity. Spread across 12 states and 19 manufacturing units, Dalmia Bharat Limited prides itself at having one of
the lowest carbon footprints in the cement industry globally. It is the first cement company to commit to RE100,
EP100 & EV100 (first triple joiner) – showing real business leadership in the clean energy transition by taking a
joined-up approach. Visit us at https://www.dalmiacement.com/
Media Contact:
Email: corpcomm@dalmiabharat.com