Dalmia Bharat Q2 results: Net profit sees multifold jump at ₹236 crore; firm declares interim dividend for FY26

The company’s revenue from operations increased 10.6% to ₹981 crore for the reporting quarter as against ₹3,087 crore in Q2 FY25.

On the operational level, Dalmia Bharat’s earnings before interest, taxes, depreciation, and amortisation (EBITDA), also known as operating profit, gained 60.3% to ₹696 crore in Q2 FY26 as compared to ₹434 crore in the corresponding quarter of the previous fiscal year.

In Q2 FY26, its EBITDA margin expanded to 20.3% in contrast to 14% on a YoY basis.

“During the quarter, our revenues improved by 11% YoY, while EBITDA increased by 60% to ₹696 crore, backed by healthy cement realisations and benign costs,” said Dharmender Tuteja, Chief Financial Officer, Dalmia Bharat.

“Our 3.6 million tonne Umrangso clinker line commenced trial production in Sep’2025 and should commence commercial production by Q3 FY26. With a strong balance sheet and encouraging profitability outlook, we are steadily progressing towards our vision of becoming a PAN-India player,” Tuteja further added.

In the reporting quarter, the cement firm started trial runs at the 3.6 MnT clinker line in Umrangso, Assam, during September, with commercial production expected to begin in Q3 FY26. It also commissioned 93 MW of RE capacity, taking our operational RE capacity to 387 MW.

H1 FY26 updates

For the first half of the current fiscal year (H1 FY26), Dalmia Bharat’s sales volume declined 1.7% to 13.9 million tonnes from 14.1 million tonnes in H1 FY25. However, in Q2 FY26, the sales volume increased 2.9% to 6.9 million tonnes as against 6.7 million tonnes YoY.

For H1 FY26, the company’s revenue increased 5.1% to ₹7,053 crore from ₹6,708 crore on a yearly basis.

Interim dividend

Dalmia Bharat also announced an interim dividend of ₹4 per equity share (200%) on 187,565,161 equity shares of ₹2 each for FY26. The record date to determine shareholder eligibility for the dividend has been set for October 25.

Commenting on the performance, Puneet Dalmia, Managing Director & CEO, Dalmia Bharat Limited, said, “The GST rate cut is a commendable initiative by the Indian government aimed at boosting consumption and demand at a time when the economy is navigating through external geopolitical pressures. Reduction in GST on cement from 28% to 18% is a long-awaited fiscal relief and a welcome step.”

He further added, “At Dalmia Bharat, we remain focused upon building scale and delivering profitable growth, and I am confident that we are well positioned to capture the tremendous opportunities that lie ahead of us.”

Following the earnings, Dalmia Bharat shares were trading at ₹2,291.80 apiece on NSE, surging 3.03%.