THEBUSINESSBYTES BUREAU

NEW DELHI, JANUARY 21, 2026

Dalmia Bharat Limited delivered a robust performance in the third quarter (Q3) of FY26, reinforcing its position as one of India’s most efficient and financially disciplined cement manufacturers. The company reported a healthy 9.5 per cent year-on-year rise in sales volume to 7.3 million tonnes, backed by a post-monsoon demand revival and focused market execution, while consolidated EBITDA surged 17.8 per cent to Rs 602 crore, reflecting improved operating efficiencies and cost leadership.

Income from operations for the quarter grew 10.2 per cent year-on-year to Rs 3,506 crore, with EBITDA per tonne rising to Rs 823. Profit after tax nearly doubled to Rs 128 crore, underscoring the operating leverage achieved during the period. For the nine months ended December 31, 2025, the company posted EBITDA of Rs 2,181 crore, a strong 35.1 per cent increase over the previous year, while PAT jumped 193.1 per cent to Rs 762 crore. Dalmia Bharat maintained a robust balance sheet, with net debt to EBITDA standing at a comfortable 0.60x as of December 31, 2025.

A key highlight of the quarter was the commencement of commercial production from the company’s 3.6 million tonnes per annum clinker line at Umrangso in Assam on January 20, 2026. This milestone has strengthened Dalmia Bharat’s footprint in the North East and taken its total clinker capacity to 27.1 million tonnes, aligning with its long-term growth strategy. The company also continued to advance its sustainability agenda, with renewable power accounting for 48 per cent of total power consumption and the commissioning of an additional 23 MW of renewable energy capacity, raising operational RE capacity to 410 MW.

Commenting on the performance, Puneet Dalmia, Managing Director and CEO, said: “The Indian economy continues to grow strongly despite global headwinds. Cement demand picked up well in the last quarter post monsoon and festival period. We delivered a robust volume growth of 10% YoY during this quarter driven by focused efforts of our sale team to deliver superior value proposition to our customers.Happy to share that we commencedthe commercial production from our 3.6 MnTPAnew clinker line at Umrangso which will further strengthen our position in the North East. As I look forward, we remain confident of delivering sustainable and profitable growth and contributing to India’s growth journey.”

 Chief Financial Officer Dharmender Tuteja highlighted that Dalmia Bharat remains among the lowest-cost producers in the country, supported by strategic investments and ongoing operational efficiencies. He added that expansion projects in Belgaum, Pune and Kadapa are progressing as planned, positioning the company to capitalize on future growth opportunities with a solid financial foundation.

During the quarter, Dalmia Bharat also received several prestigious national awards for excellence in productivity, energy efficiency, environmental stewardship, occupational health and safety, and sustainable mining practices. These recognitions, the company said, reaffirm its unwavering commitment to sustainability, innovation and workplace safety, while setting higher benchmarks for the Indian cement industry.