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Dalmia Bharat (DALBHARAT) investor relations material
Dalmia Bharat Q3 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved 10% YoY sales volume and revenue growth in Q3 FY26, with premium product share at 23% and trade share between 62-68%.
EBITDA for Q3 FY26 reached ₹602 crore, up 18% YoY, with margin improvement supported by volume, price, and cost levers.
PAT for Q3 FY26 was ₹128 crore, up from ₹66 crore YoY; EPS for 9M FY26 stood at ₹40.0.
Expansion plans on track, with new clinker line in Assam commissioned and further projects progressing as scheduled.
Targeting 75 million tons capacity by FY2028 and 110-150 million tons by 2031.
Financial highlights
Q3 FY26 sales volume reached 7.3 million tons, up 9.5% YoY; revenue was ₹3,506 crore, up 10% YoY.
Q3 FY26 EBITDA: ₹602 crore (up 18% YoY); PAT: ₹128 crore (up 94% YoY); 9M FY26 PAT: ₹762 crore (up 193% YoY).
EBITDA per ton at ₹823; absolute EBITDA at ₹602 crore.
Logistics cost declined 5.6-6% YoY; power and fuel cost per ton up 1% YoY; raw material cost per ton up 2% YoY.
Basic and diluted EPS for the quarter stood at ₹6.50 (consolidated), up from ₹3.25 YoY.
Outlook and guidance
Expecting continued strong demand in Q4, with industry growth likely in high single digits.
Margins anticipated to improve with better pricing in Q4.
CapEx guidance for FY2026 at INR 2,700 crore; next year expected at INR 4,000 crore.
Capacity expansion plans to reach 75 MnTPA by FY28 and 110-150 MnTPA by 2031.
Full-year FY26 GDP growth forecast revised upward to 7.3%.
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Q4 2025 revenue down 10% YoY; FY 2026 guidance targets $118M–$122M revenue.
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