Dalmia Bharat Shars Rose ~3% After Release of Q4FY25 Earnings

On April 24, 2025, Dalmia Bharat shares rose ~3%, reaching a day high of ₹1,971.50 at 09:20 AM, after opening at ₹1,940.00. The gain in Dalmia Bharat shares came after the cement manufacturer released its results for the quarter (Q4FY25) and year ended March 31, 2025.

During the quarter, the company commissioned 2.4 MnT cement capacity in Lanka, Assam and 0.5 MnT of cement capacity in Rohtas, Bihar. This brought the company’s overall installed capacity to 49.5 MnT. In addition, the announced strategic investment of ~₹3,520 Cr to establish a 3.6 MnTPA clinker unit with a 3 MnTPA grinding unit at existing Belgaum plant, Karnataka, coupled with a new 3 MnTPA greenfield split grinding unit in Pune, Maharashtra.

Growing EBITDA in Q4FY25

For the quarter ended March 31, 2025 (Q4FY25), the company reported a slight decline in sales volume to 8.6 MnT compared to 8.8 MnT in Q4FY24, reflecting a 2.8% decrease year-on-year (YoY). Income from operations also dipped 5.0% YoY to ₹4,091 crore. However, EBITDA saw a robust growth of 21.3% YoY, rising to ₹793 crore, with EBITDA per tonne improving by 24.7% to ₹926. Profit after tax (PAT) jumped significantly by 37.2% YoY to ₹439 crore.

Sales Volume Rose in FY25

For the full year FY25, sales volume grew 2.0% to 29.4 MnT, though income from operations fell 4.8% to ₹13,980 crore. EBITDA for the year dropped 8.8% to ₹2,407 crore, with EBITDA per tonne declining 10.6% to ₹820. PAT also declined 18.1% to ₹699 crore. The company maintained a conservative leverage position with a Net Debt to EBITDA ratio of 0.30x, unchanged from the previous year.

Also Read: Dalmia Bharat Expansion Plans in Karnataka and Maharashtra

Management Take on Q4FY25 Earnings

Commenting on the performance, Mr. Puneet Dalmia, Managing Director & CEO – Dalmia Bharat Limited, said, “The Indian economy continues to demonstrate resilience amidst the ongoing global macroeconomic uncertainty. With strong GDP growth projections supported by higher capex allocation and increased disposable income for individuals, we remain confident about healthy cement demand in the country.”

He further added, “Having successfully achieved our milestone of cement capacity at 49.5 MnT, we have commenced the next phase of expansion with the recently announced capacity addition of 6 MnT, catering mainly to new markets in Western India. During the current year, while profitability remained subdued due to soft demand and weak pricing, I am confident that deliver profitable growth going forward on the back of stronger volumes, improved realisations and a consistent focus on cost leadership.”

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