Dalmia Bharat Reports 65% Jump in Q4FY26 PAT to ₹1,157 Crores
Dalmia Bharat delivered robust Q4FY26 performance with significant growth across key metrics. The company reported 65% YoY jump in annual PAT to ₹1,157 crores and achieved highest ever quarterly EBITDA of ₹902 crores. Revenue grew 3.8% to ₹4,245 crores in Q4FY26 with volume increase of 3% to 8.8 million tonnes, while expanding renewable energy capacity to 449 MW.

*this image is generated using AI for illustrative purposes only.
Dalmia Bharat Limited has delivered robust financial performance for Q4FY26 and FY26, with the company announcing its audited financial results on April 28, 2026. The cement manufacturing company reported a significant 65% year-on-year jump in PAT to ₹1,157 crores for FY26, demonstrating strong operational efficiency despite market challenges.
Q4FY26 Financial Performance
The company achieved its highest ever quarterly EBITDA of ₹902 crores in Q4FY26, marking a 13.7% increase from ₹793 crores in the corresponding quarter of the previous year. Revenue from operations grew 3.8% year-on-year to ₹4,245 crores, while sales volume increased 3% to 8.8 million tonnes.
| Financial Metric: | Q4FY26 | Q4FY25 | YoY Growth |
|---|---|---|---|
| Sales Volume: | 8.8 MnT | 8.6 MnT | +3.0% |
| Revenue: | ₹4,245 Cr | ₹4,091 Cr | +3.8% |
| EBITDA: | ₹902 Cr | ₹793 Cr | +13.7% |
| EBITDA per Tonne: | ₹1,023 | ₹926 | +10.4% |
| PAT: | ₹394 Cr | ₹439 Cr | -10.3% |
Annual Performance Highlights
For the full year FY26, Dalmia Bharat demonstrated exceptional growth with PAT surging 65.5% to ₹1,157 crores compared to ₹699 crores in FY25. The company achieved its highest ever annual EBITDA of ₹3,083 crores, representing a substantial 28.1% increase from ₹2,407 crores in the previous year.
| Annual Metric: | FY26 | FY25 | YoY Growth |
|---|---|---|---|
| Sales Volume: | 30.0 MnT | 29.4 MnT | +2.2% |
| Revenue: | ₹14,804 Cr | ₹13,980 Cr | +5.9% |
| EBITDA: | ₹3,083 Cr | ₹2,407 Cr | +28.1% |
| EBITDA per Tonne: | ₹1,027 | ₹820 | +25.3% |
| PAT: | ₹1,157 Cr | ₹699 Cr | +65.5% |
| Net Debt to EBITDA: | 0.46x | 0.30x | +0.16x |
Management Commentary and Strategic Updates
Managing Director and CEO Puneet Dalmia highlighted the company's role in India's infrastructure development, stating that substantial investments will be essential for the vision of Viksit Bharat by 2047. Chief Financial Officer Dharmender Tuteja emphasized the improvement in quality of sales with enhanced trade share and premium mix, supported by continued cost optimization initiatives.
Key Operational Developments
The company commissioned 15 MW of WHRS and 7 MW of Solar power during the quarter, with an additional 17 MW of renewable energy capacity under Group Captive agreements. This expansion increased total operational renewable energy capacity to 449 MW by the end of FY26. The Board recommended a final dividend of ₹5 per share for FY26, subject to shareholder approval in the upcoming AGM.
| Development: | Details |
|---|---|
| WHRS Capacity: | 15 MW commissioned |
| Solar Power: | 7 MW commissioned |
| Group Captive: | 17 MW additional capacity |
| Total Renewable: | 449 MW operational |
| Final Dividend: | ₹5 per share recommended |
Historical Stock Returns for Dalmia Bharat
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.88% | -0.80% | +6.28% | -7.24% | -0.49% | +30.70% |
How will Dalmia Bharat's expansion strategy evolve to capitalize on the Viksit Bharat 2047 infrastructure development opportunities?
What impact could the company's aggressive renewable energy expansion have on its cost structure and competitive positioning in the cement industry?
Will the increase in net debt to EBITDA ratio from 0.30x to 0.46x constrain future capacity expansion or acquisition plans?


































