New Delhi: Dalmia Bharat Limited reported its financial results for the first quarter of FY27, delivering steady revenue growth and improved operating performance. However, the company’s net profit declined sharply because of a significant exceptional loss recorded during the quarter.
The cement major posted revenue of ₹3,890 crore in Q1 FY27, compared with ₹3,636 crore in the same quarter last year, registering a 6.99% year-on-year (YoY) increase. On a sequential basis, revenue declined 8.36% from the previous quarter.
EBITDA Shows Healthy Growth
Dalmia Bharat’s EBITDA increased to ₹805 crore from ₹763 crore a year ago, reflecting a 5.50% YoY rise. Compared with the previous quarter, EBITDA improved by 7.63%, indicating stronger operating efficiency.
The company’s EBITDA margin stood at 20.69%, slightly lower than 20.98% in Q1 FY26 but significantly higher than 17.62% reported in Q4 FY26, highlighting an improvement in operational profitability on a sequential basis.
Profit Before Tax Impacted by Exceptional Item
Before accounting for exceptional items, Profit Before Tax (PBT) came in at ₹436 crore, down 13.15% YoY from ₹502 crore. Sequentially, PBT declined 3.11%.
During the quarter, Dalmia Bharat reported an exceptional loss of ₹182 crore, compared with an exceptional gain of ₹16 crore in the corresponding quarter last year. In Q4 FY26, the exceptional loss stood at ₹10 crore.
This one-time charge significantly impacted the company’s overall profitability.
Net Profit Falls Over 52%
After including the exceptional loss, reported PBT dropped to ₹254 crore, compared with ₹518 crore in Q1 FY26, marking a 50.97% YoY decline.
Profit After Tax (PAT) stood at ₹188 crore, down sharply from ₹393 crore in the same quarter last year, representing a 52.16% YoY decline. Sequentially, PAT also fell 51.42%.
The company’s earnings per share (EPS) declined to ₹10.02, compared with ₹20.94 in Q1 FY26 and ₹20.77 in the previous quarter.
Key Highlights
Revenue: ₹3,890 crore (+6.99% YoY)
EBITDA: ₹805 crore (+5.50% YoY)
EBITDA Margin: 20.69%
PBT (Before Exceptional Items): ₹436 crore
Exceptional Loss: ₹182 crore
Reported PBT: ₹254 crore (-50.97% YoY)
PAT: ₹188 crore (-52.16% YoY)
EPS: ₹10.02
Market Outlook
Dalmia Bharat’s Q1 FY27 results indicate that its core business remains resilient, with revenue and operating earnings continuing to grow despite a challenging industry environment. However, the large exceptional loss significantly reduced reported earnings for the quarter.
Going forward, investors are expected to closely monitor cement demand, infrastructure spending, input cost trends, and the absence of further exceptional charges, as these factors will play a crucial role in determining the company’s earnings trajectory over the coming quarters.
Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors should conduct their own research before making any investment decisions.
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