Dalmia Bharat Limited Reports Strong Q3 & 9MFY26 Performance

New Delhi | January 21, 2026 : Dalmia Bharat Limited (BSE: 542216, NSE: DALBHARAT), a leading Indian cement manufacturer, announced its consolidated financial results for Q3 and nine months ending December 31, 2025. The company posted strong volume growth, improved profitability, and continued focus on sustainability and operational excellence.

Key Financial Highlights

• Volume: Increased 9.5% YoY to 7.3 million tonnes (MnT)
• Quarterly EBITDA: Grew 17.8% YoY to ₹602 crore
• Net Debt to EBITDA: Stood at 0.60x as of December 31, 2025
• Renewable Energy Share: 48% of total power consumption
• New Production Line: Commercial operations commenced for 3.6 MnTPA clinker line at Umrangso, Assam on January 20, 2026

These figures reflect a strong and balanced growth trajectory, positioning the company for long-term sustainable performance.

Leadership Comments on Performance

Puneet Dalmia, Managing Director & CEO

Mr. Puneet Dalmia 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 sales team. The commercial production from our new clinker line at Umrangso will further strengthen our position in the North East. We remain confident of delivering sustainable and profitable growth while contributing to India’s infrastructure journey.”

Dharmender Tuteja, Chief Financial Officer

Mr. Dharmender Tuteja added,

“Revenues improved by 10% YoY to ₹3,506 crore, while EBITDA rose 18% YoY to ₹602 crore. We remain one of the lowest-cost cement producers in India and continue to achieve operational efficiencies through strategic investments. Our expansion projects in Belgaum, Pune, and Kadapa are progressing as planned. With a robust balance sheet and comfortable leverage, we are well positioned to capitalize on upcoming opportunities.”

Focus on Sustainability and Operational Excellence

Dalmia Bharat has received several national awards in recognition of its excellence across sustainability, operational performance, and safety:

• 4th Environment & Sustainability Awards & Net Zero Conclave: Dalmiapuram, Ariyalur, Sattur, and Rohtas Cement Works recognized for Productivity, Energy Efficiency, CSR, and Environmental Excellence
• Indian Bureau of Mines: Chandrapur Cement Works mines honored during the 36th Mines Environment & Mineral Conservation Week 2025
• Honourz Excellence Awards 2025: Rohtas Cement Works recognized for Occupational Health and Safety in the cement sector

These awards underline Dalmia Bharat’s commitment to sustainable practices, workplace safety, and environmental stewardship.

Expansion and Growth Outlook

With the addition of the 3.6 MnTPA clinker line at Umrangso and ongoing projects in Belgaum, Pune, and Kadapa, Dalmia Bharat is well positioned to capture growing demand in the North East and across India.

The company’s Dalmia Bharat financial results demonstrate consistent growth, operational efficiency, and a strong focus on sustainability, setting new benchmarks for the Indian cement industry.

Dalmia Bharat Limited continues to combine growth with sustainability. The strong financial performance and ongoing expansion projects highlight its leadership in the sector while contributing to India’s infrastructure and environmental goals.