Dalmia Bharat Limited , one of India's leading cement manufacturers, has reported its highest ever quarterly EBITDA of ₹883.00 crores for Q1, marking a significant 32% year-on-year increase. The company also unveiled ambitious expansion plans, signaling confidence in India's growing cement demand.

Financial Highlights

• EBITDA per ton reached ₹1,261.00, a 40% increase from the previous year
• EBITDA margin improved to 24.3% from 18.5% in the previous year
• Net sales realization improved by 9% quarter-on-quarter
• Sales volumes declined 6% year-on-year to 7 million tons, but remained flat when excluding tolling volumes from the previous year

Expansion Plans

The Board of Directors has approved several major expansion projects:

1. A ₹3,287.00 crore investment for:

   • 3.6 million ton clinker unit at Kadapa
   • 6 million ton grinding unit at Kadapa
   • 3 million ton bulk terminal in Chennai

2. Ongoing projects include:

   • 3.6 million ton clinker unit at Umrangso, Assam (trial runs to begin in September 2025)
   • Belgaum-Pune project (expected completion by end of FY27)

3. The company aims to reach 63.5-64 million tons cement capacity by FY28

Market Outlook

Puneet Dalmia, Managing Director and CEO, expressed optimism about the cement sector's growth prospects:

• Cement demand expected to grow 6-7%
• Growth supported by government infrastructure spending
• Strategy focuses on balancing volume growth with profit margins across different markets

Financial Position

• Net debt stood at ₹873.00 crores
• Debt-to-EBITDA ratio at a healthy 0.33x

Future Outlook

Dalmia Bharat remains committed to its expansion strategy while maintaining financial discipline. The company is evaluating the potential acquisition of Jaiprakash Associates' cement assets, which could further boost its capacity and market presence.

Puneet Dalmia commented, "We are investing in this sector with a clear conviction that India will do well and consolidation will increase. Our strategy is to create a pan-India footprint while establishing significant presence in each market we operate in."

As India's cement demand continues to grow, Dalmia Bharat appears well-positioned to capitalize on the opportunities ahead, balancing expansion with profitability and market share gains.

Dalmia Bharat Limited , a prominent player in the Indian cement industry, has taken significant steps to reclassify one of its promoter group entities as a public shareholder. The company has submitted applications to both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for this reclassification, marking a notable change in its shareholding structure.

Timeline of Events

The process for this reclassification began on July 3, when Dalmia Bharat received a request from a promoter group entity to be reclassified from the 'promoter and promoter group' category to the 'public' category of shareholders. Following this request, the company's Board of Directors convened on July 22 to discuss and approve the reclassification.

Board Approval and Application Submission

During the board meeting on July 22, Dalmia Bharat's directors approved the reclassification in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This approval paved the way for the company to proceed with the formal application process.

Formal Application to Stock Exchanges

On July 24, Dalmia Bharat took the next crucial step by submitting formal applications for the reclassification to both the NSE and BSE. This action was confirmed in an official communication to the stock exchanges, signed by Rajeev Kumar, the Company Secretary of Dalmia Bharat Limited.

Implications and Next Steps

The reclassification, if approved by the stock exchanges, would result in the promoter group entity being categorized as a public shareholder. This change could potentially impact the company's shareholding pattern and may have implications for corporate governance and regulatory compliance.

It's important to note that the reclassification is subject to approval from the stock exchanges. Shareholders and market observers will likely be watching closely for the exchanges' decision and any potential impact on Dalmia Bharat's stock performance and corporate structure.

Dalmia Bharat Limited, with its registered office in Dalmiapuram, Tamil Nadu, continues to be a significant player in the cement industry. As this reclassification process unfolds, it demonstrates the company's commitment to transparent corporate actions and compliance with regulatory requirements.

Investors and stakeholders are advised to keep an eye on further announcements from the company and the stock exchanges regarding the progress and outcome of this reclassification application.