Dalmia Bharat Q3 FY26 Earnings: Profit Jumps 94%, Volumes Rise 10% as New Assam Clinker Line Goes Live

Dalmia Bharat reported a healthy performance for the quarter ended December 31, 2025, despite global challenges. Cement volumes rose 9.5% YoY to 7.3 million tonnes, supported by better demand after the monsoon and festive season.

Revenue from operations increased 10.2% YoY to ₹3,506 crore, while EBITDA grew 17.8% YoY to ₹602 crore, reflecting operational efficiencies and cost discipline. EBITDA per tonne improved to ₹823, up 7.6% YoY.

Sharp Rise in Profitability

Profit after tax (PAT) nearly doubled, jumping 93.9% YoY to ₹128 crore in Q3FY26. For the nine-month period, PAT surged 193% YoY to ₹762 crore, driven by higher volumes, improved margins and better cost control.

Healthy Balance Sheet and Low Debt

The company maintained a strong balance sheet, with net debt to EBITDA at 0.60x as of December 31, 2025, indicating comfortable leverage levels.

Expansion and Capacity Growth

Dalmia Bharat commenced commercial production from its 3.6 MnTPA clinker line at Umrangso, Assam on January 20, 2026, strengthening its presence in the North East. With this addition, total clinker capacity has increased to 27.1 MnT.

Focus on Sustainability and Renewable Energy

Renewable power now accounts for 48% of total power consumption. During the quarter, the company commissioned 23 MW of renewable energy capacity, taking total operational RE capacity to 410 MW.

Management Commentary

Management highlighted strong demand recovery and reaffirmed confidence in delivering sustainable and profitable growth. Ongoing expansion projects in Belgaum, Pune and Kadapa remain on track.

Also Read: Best Long-Term Stocks in Jan 2026 – 5yr CAGR Basis!

Dalmia Bharat Share Price Movement

Dalmia Bharat share price was trading at ₹2,229.10 on the NSE on January 21, up 1.72% or ₹37.70 from the previous close. The stock opened at ₹2,193, touched an intraday high of ₹2,234.40 and a low of ₹2,171.10. Dalmia Bharat has a 52-week high of ₹2,496.30 and a 52-week low of ₹1,601, while it offers a dividend yield of 0.40%, with a quarterly dividend of ₹2.23 per share.

Conclusion

Dalmia Bharat’s Q3FY26 performance highlights its strong execution, disciplined cost structure and focus on sustainability. With rising volumes, improving margins, low debt and new capacity coming on stream, the company appears well placed to support India’s long-term infrastructure and growth needs.

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