Cement maker Dalmia Bharat Ltd on Tuesday (July 22) reported a 171% year-on-year jump in net profit at ₹393 crore for the first quarter that ended on June 30, 2025, yet fell short of Street expectations.
In the corresponding quarter of the previous fiscal, Dalmia Bharat posted a net profit of ₹145 crore. The CNBC-TV18 poll had predicted a profit of ₹425 crore for the quarter under review.
Revenue from operations increased 0.4% to ₹3,636 crore against ₹3,621 crore a year ago, falling short of the CNBC-TV18 poll’s prediction of ₹3,710 crore.
Also Read: Dalmia Bharat tops bid list for Jaiprakash Associates, but offer hinges on SC land verdict
At the operating level, EBITDA jumped 32% YoY to ₹883 crore in the June quarter over ₹669 crore, beating estimate of ₹831 crore. This is its highest recorded quarterly EBITDA.
The EBITDA margin widened significantly to 24.3% against 18.5% in the corresponding period in the previous fiscal. The CNBC-TV18 poll had predicted a margin of 22.4% for the quarter under review.
Dalmia Bharat announced a cement capacity expansion of six million tonnes per annum (MTPA) at its Kadapa plant in Andhra Pradesh during Q1FY26. This is in addition to the 6MTPA expansion announced earlier in February 2025 at Belgaum.
Also Read: Dalmia Bharat Sugar Q4 Results | Net profit zooms 126% to ₹206 crore on strong sales realisation
Sales volume for the quarter stood at seven million tonnes (MT), while net sales realisation per tonne (NSR/T) increased by 6.6% year-on-year to ₹5,193. As of June 30, 2025, the net debt to EBITDA ratio stood at 0.33x. The share of renewable power consumption reached 41.2%, with operational renewable energy capacity — including group captive — at 294 MW.
The company also announced a strategic investment of ₹3,287 crore to set up a 3.6 MTPA clinker unit along with a 6MTPA grinding unit at the existing Kadapa plant. Additionally, it will establish a 3MTPA bulk terminal in Chennai, Tamil Nadu. With the current Kadapa unit already operating at high utilisation levels, the upcoming capacity is aimed at supporting increasing regional demand. This new capacity is expected to be commissioned by Q2FY28.
In line with its commitment to exit non-core assets, Dalmia Cement Bharat Ltd, a wholly-owned subsidiary, divested a 4.1% stake in Indian Energy Exchange Ltd (IEX Ltd) during Q1FY26. As a result, Dalmia Bharat’s total holding in IEX Ltd, including that of its subsidiaries, stood at 10.8% as of June 30, 2025.
Also Read: Here’s why Damia Bharat gained by 4% on Thursday
The results came after the close of the market hours. Shares of Dalmia Bharat Ltd ended at ₹2,319.15, up by ₹55.75, or 2.46%, on the BSE.
