Dalmia Bharat Reports FY25 Results; Reaches 49.5 MTPA Cement Capacity

24 Apr 2025 CW Team

Performance highlights (FY25 vs FY24):

Sales volume rose by 2% YoY to 29.4 MnT despite a 3% drop in Q4 volumes due to discontinuation of JP tolling volumes.
Income from operations fell 4.8% YoY to Rs 139.8 billion.
EBITDA dropped by 8.8% YoY to Rs 24.07 billion, while PAT declined 18.1% YoY to Rs 6.99 billion.
Net Debt to EBITDA ratio stood at a healthy 0.3x, reflecting robust financial discipline.
EBITDA per ton came in at Rs 820, down from Rs 917 YoY.

Despite weaker pricing trends, the company recorded a 21.3% YoY increase in EBITDA for Q4FY25 at Rs 7.93 billion, aided by its cost control measures and increased renewable energy usage.

Strategic milestones:

Achieved an installed cement capacity of 49.5 MTPA, with recent commissions in Lanka (Assam) and Rohtas (Bihar).
Announced Rs 35.2 billion investment for a 6 MTPA capacity expansion, including:
A 3.6 MTPA clinker unit and 3 MTPA grinding unit at Belgaum, Karnataka.
A new 3 MTPA grinding unit at Pune, Maharashtra.
Renewable energy (RE) usage increased, with 267 MW of operational RE capacity and a target to reach 595 MW by FY26. RE share in energy consumption rose to 36.4%.
Dalmia continues to maintain one of the lowest global carbon footprints at 465 kg CO₂/ton of cement.

Leadership commentary:

Managing Director & CEO Puneet Dalmia expressed optimism about India's cement demand outlook and reaffirmed the company’s commitment to “profitable growth” through capacity additions, cost leadership, and sustainability. CFO Dharmender Tuteja highlighted the company’s resilient margin performance despite pricing headwinds and reiterated readiness for the next phase of growth, backed by a strong balance sheet.

Key recognitions:

Dalmiapuram Mines won first prize for sustainable mining at the MEMC Awards.
Lanka Cement Works received a safety excellence certificate from the National Safety Council of India.
At the FAME National Awards:
Meenakshi Cement Works was honored for Safety Culture and Environmental Excellence.
Rohtas Cement Works received recognition for Occupational Health and Safety.

Dividend:

The Board recommended a final dividend of Rs 5 per share (250%) for FY25, subject to shareholder approval.

Dalmia Bharat's Q4 and FY25 performance reinforces its ambition to lead the industry through innovation, sustainable operations, and strategic expansion into high-potential markets in Western and Southern India.

Dalmia Bharat Ltd, one of India’s leading cement manufacturers, reported its consolidated financial results for Q4 and full-year FY25, emphasising its strategic focus on profitable growth, capacity expansion, and sustainability.Performance highlights (FY25 vs FY24):Sales volume rose by 2% YoY to 29.4 MnT despite a 3% drop in Q4 volumes due to discontinuation of JP tolling volumes.Income from operations fell 4.8% YoY to Rs 139.8 billion.EBITDA dropped by 8.8% YoY to Rs 24.07 billion, while PAT declined 18.1% YoY to Rs 6.99 billion.Net Debt to EBITDA ratio stood at a healthy 0.3x, reflecting robust financial discipline.EBITDA per ton came in at Rs 820, down from Rs 917 YoY.Despite weaker pricing trends, the company recorded a 21.3% YoY increase in EBITDA for Q4FY25 at Rs 7.93 billion, aided by its cost control measures and increased renewable energy usage.Strategic milestones:Achieved an installed cement capacity of 49.5 MTPA, with recent commissions in Lanka (Assam) and Rohtas (Bihar).Announced Rs 35.2 billion investment for a 6 MTPA capacity expansion, including:A 3.6 MTPA clinker unit and 3 MTPA grinding unit at Belgaum, Karnataka.A new 3 MTPA grinding unit at Pune, Maharashtra.Renewable energy (RE) usage increased, with 267 MW of operational RE capacity and a target to reach 595 MW by FY26. RE share in energy consumption rose to 36.4%.Dalmia continues to maintain one of the lowest global carbon footprints at 465 kg CO₂/ton of cement.Leadership commentary:Managing Director & CEO Puneet Dalmia expressed optimism about India's cement demand outlook and reaffirmed the company’s commitment to “profitable growth” through capacity additions, cost leadership, and sustainability. CFO Dharmender Tuteja highlighted the company’s resilient margin performance despite pricing headwinds and reiterated readiness for the next phase of growth, backed by a strong balance sheet.Key recognitions:Dalmiapuram Mines won first prize for sustainable mining at the MEMC Awards.Lanka Cement Works received a safety excellence certificate from the National Safety Council of India.At the FAME National Awards:Meenakshi Cement Works was honored for Safety Culture and Environmental Excellence.Rohtas Cement Works received recognition for Occupational Health and Safety.Dividend:The Board recommended a final dividend of Rs 5 per share (250%) for FY25, subject to shareholder approval.Dalmia Bharat's Q4 and FY25 performance reinforces its ambition to lead the industry through innovation, sustainable operations, and strategic expansion into high-potential markets in Western and Southern India.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..