Dalmia Bharat Limited — quarter and year ended March 31, 2026
Optional: Audited Consolidated Financial Results for the quarter and year ended March 31, 2026 (Rs. Crore)
| S. No. | Particulars | For the quarter ended 31-03-26 (Audited) Note 9 | For the quarter ended 31-12-25 (Unaudited) | For the quarter ended 31-03-25 (Audited) Note 9 | For the year ended 31-03-26 (Audited) | For the year ended 31-03-25 (Audited) |
|---|---|---|---|---|---|---|
| I | Continuing operations: | |||||
| 1 | Income | |||||
| (a) Revenue from operations | 4,245 | 3,506 | 4,091 | 14,804 | 13,980 | |
| (b) Other income | 45 | 62 | 93 | 222 | 253 | |
| Total income | 4,290 | 3,568 | 4,184 | 15,026 | 14,233 | |
| 2 | Expenses | |||||
| (a) Cost of raw materials consumed | 635 | 574 | 624 | 2,324 | 2,241 | |
| (b) Purchases of stock in trade | – | – | – | – | 106 | |
| (c) Changes in inventories of finished goods, stock in trade and work-in-progress | 147 | 10 | 142 | 14 | (19) | |
| (d) Employee benefits expense | 217 | 224 | 215 | 894 | 885 | |
| (e) Finance costs | 132 | 118 | 105 | 480 | 399 | |
| (f) Depreciation and amortisation expense | 365 | 340 | 314 | 1,349 | 1,331 | |
| (g) Power and fuel | 794 | 744 | 773 | 2,980 | 2,903 | |
| (h) Freight charges – on finished goods | 818 | 681 | 804 | 2,804 | 2,785 | |
| (h) Freight charges – on internal clinker transfer | 120 | 92 | 168 | 430 | 501 | |
| (i) Other expenses | 612 | 579 | 572 | 2,275 | 2,171 | |
| Total expenses | 3,840 | 3,362 | 3,717 | 13,550 | 13,303 | |
| 3 | Profit before share of profit in joint venture and exceptional item (1-2) | 450 | 206 | 467 | 1,476 | 930 |
| 4 | Share of profit/ (loss) in joint venture accounted for using equity method (net of tax) | 0 | 0 | (0) | 0 | 0 |
| 5 | Profit before exceptional item and tax from continuing operations (3+4) | 450 | 206 | 467 | 1,476 | 930 |
| 6 | Exceptional item (refer note 3) | (10) | (32) | (0) | (26) | (113) |
| 7 | Profit before tax from continuing operations (5+6) | 440 | 174 | 467 | 1,450 | 817 |
| 8 | Tax expense | |||||
| (a) Current tax | 7 | 7 | 32 | 29 | 114 | |
| (b) Deferred tax charge | 113 | 37 | 75 | 337 | 76 | |
| (c) Tax adjustments for earlier years | (75) | 2 | (79) | (74) | (72) | |
| Total tax expense | 45 | 46 | 28 | 292 | 118 | |
| 9 | Profit for the period/ year from continuing operation (7-8) | 395 | 128 | 439 | 1,158 | 699 |
| II | Discontinued operations | |||||
| 10 | (Loss)/ profit before tax from discontinued operations | (1) | (0) | (0) | (1) | 0 |
| Tax expense on discontinued operations | (0) | – | (0) | (0) | – | |
| Profit/ (loss) for the period/ year from discontinued operations | (1) | (0) | (0) | (1) | 0 | |
| 11 | Profit for the period/ year (9+10) | 394 | 128 | 439 | 1,157 | 699 |
| Profit attributable to :- | ||||||
| Non-controlling interest | 7 | 6 | 4 | 18 | 16 | |
| Owners of the Parent | 387 | 122 | 435 | 1,139 | 683 | |
| 12 | Other comprehensive income | |||||
| A. Items that will not be reclassified to profit or loss | ||||||
| (a) Re-measurement gain/ (loss) on defined benefit plans | 6 | (1) | (3) | 4 | (3) | |
| (b) Change in fair value of financial instruments through other comprehensive income | (51) | (116) | (85) | (440) | 581 | |
| (ii) Income tax credit/ (expense) relating to above items | 13 | 14 | 11 | 57 | (113) | |
| B. Items that will be reclassified to profit or loss | ||||||
| (a) Net movement on effective portion of cash flow hedges | 3 | (4) | (5) | 10 | (3) | |
| (ii) Income tax credit/ (expense) relating to above items | 0 | 1 | 2 | (2) | 1 | |
| Other comprehensive income/ (loss) for the period/ year | (29) | (106) | (80) | (371) | 463 | |
| Other comprehensive income/ (loss) attributable to :- | ||||||
| Non-controlling interest | (0) | 0 | 0 | (0) | 0 | |
| Owners of the Parent | (29) | (106) | (80) | (371) | 463 | |
| 13 | Total comprehensive income for the period/ year (11+12) | 365 | 22 | 359 | 786 | 1,162 |
| Total comprehensive income attributable to :- | ||||||
| Non-controlling interest | 7 | 6 | 4 | 18 | 16 | |
| Owners of the Parent | 358 | 16 | 355 | 768 | 1,146 |
Optional: Audited Consolidated Statement of Assets and Liabilities (Rs. Crore)
| S.No | Particulars | As at 31-03-26 (Audited) | As at 31-03-25 (Audited) |
|---|---|---|---|
| A | Assets | ||
| 1 | Non-current assets | ||
| (a) Property, plant and equipment | 16,118 | 14,180 | |
| (b) Capital work-in-progress | 2,593 | 2,497 | |
| (c) Investment properties | 41 | 41 | |
| (d) Goodwill | 374 | 374 | |
| (e) Other intangible assets | 2,084 | 2,177 | |
| (f) Right-of-use assets | 754 | 534 | |
| (g) Intangible assets under development | 133 | 119 | |
| (h) Biological assets other than bearer plants | 0 | 0 | |
| (i) Investments accounted using equity method | 2 | 2 | |
| (j) Financial assets | |||
| (i) Investments | 771 | 673 | |
| (ii) Loans | 19 | 14 | |
| (iii) Other financial assets | 693 | 414 | |
| (k) Income tax assets (net) | 91 | 80 | |
| (l) Deferred tax assets (net) | 53 | 55 | |
| (m) Other non-current assets | 809 | 737 | |
| Sub-total – Non-current assets | 24,535 | 21,897 | |
| 2 | Current assets | ||
| (a) Inventories | 1,192 | 1,386 | |
| (b) Financial assets | |||
| (i) Investments | 5,105 | 4,444 | |
| (ii) Trade receivables | 864 | 889 | |
| (iii) Cash and cash equivalents | 212 | 149 | |
| (iv) Bank balances other than (iii) above | 12 | 9 | |
| (v) Loans | 13 | 12 | |
| (vi) Other financial assets | 447 | 644 | |
| (c) Income tax assets (net) | 26 | 15 | |
| (d) Other current assets | 892 | 766 | |
| Sub-total – Current assets | 8,763 | 8,314 | |
| Assets or disposal group classified as held for sale | 14 | 15 | |
| Total Assets | 33,312 | 30,226 | |
| B | Equity and liabilities | ||
| 1 | Equity | ||
| (a) Equity share capital | 38 | 38 | |
| (b) Other equity | 17,941 | 17,336 | |
| Equity attributable to owners of the Parent | 17,979 | 17,374 | |
| 2 | Non-controlling interest | 144 | 126 |
| Sub-total – Total equity | 18,123 | 17,500 | |
| 3 | Liabilities | ||
| Non-current liabilities | |||
| (a) Financial Liabilities | |||
| (i) Borrowings | 6,168 | 4,605 | |
| (ii) Lease liabilities | 591 | 395 | |
| (iii) Other financial liabilities | 1 | 0 | |
| (b) Provisions | 330 | 313 | |
| (c) Government grants | 188 | 154 | |
| (d) Deferred tax liabilities (net) | 2,237 | 2,036 | |
| Sub-total – Non-current liabilities | 9,515 | 7,503 | |
| 4 | Current liabilities | ||
| (a) Financial liabilities | |||
| (i) Borrowings | 584 | 653 | |
| (ii) Lease liabilities | 63 | 49 | |
| (iii) Trade payables | |||
| – total outstanding dues of micro enterprises and small enterprises | 97 | 75 | |
| – total outstanding dues of creditors other than micro enterprises and small enterprises | 1,197 | 1,464 | |
| (iv) Other financial liabilities | 2,665 | 1,712 | |
| (b) Provisions | 127 | 115 | |
| (c) Government grants | 22 | 20 | |
| (d) Other current liabilities | 816 | 981 | |
| (e) Current tax liabilities (net) | 103 | 154 | |
| Sub-total – Current liabilities | 5,674 | 5,223 | |
| Total – Liabilities | 15,189 | 12,726 | |
| Total – Equity and Liabilities | 33,312 | 30,226 |
Optional: Audited Consolidated Statement of Cash Flows (Rs. Crore)
| S.No | Particulars | For the year ended 31-03-26 (Audited) | For the year ended 31-03-25 (Audited) |
|---|---|---|---|
| A. Cash flow from operating activities | |||
| (Loss)/Profit before tax from : Continuing operations | 1,450 | 817 | |
| (Loss)/Profit before tax from : Discontinued operations | (1) | 0 | |
| Total | 1,449 | 817 | |
| Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortisation | 1,349 | 1,331 | |
| Exceptional items (net) (refer note 3 (a)) | (16) | 113 | |
| Impairment allowance (net) | 0 | 17 | |
| Bad debts/advances written off (net) | 1 | 2 | |
| Expenses on employees stock options scheme | 0 | 0 | |
| Dividend income | (43) | (49) | |
| Exchange difference (net) | 3 | 3 | |
| Interest expense (including other borrowing costs) | 480 | 399 | |
| Interest income | (49) | (92) | |
| Interest income on government grant | (16) | (17) | |
| Gain on termination of leases | (4) | (3) | |
| Change of fair value of investments measured at FVTPL | (12) | (15) | |
| Profit on sale of investments (net) | (104) | (82) | |
| Profit on disposal of property, plant and equipment (net) | (2) | (6) | |
| Share of profit in joint venture | 0 | 0 | |
| Operating profit before working capital changes | 3,036 | 2,418 | |
| Working capital adjustments: Decrease/(increase) in inventories | 194 | (184) | |
| Working capital adjustments: Decrease/(increase) in trade receivables | 25 | (66) | |
| Working capital adjustments: Increase in financial and other assets | (401) | (290) | |
| Working capital adjustments: (Decrease)/increase in trade and other payables | (536) | 284 | |
| Working capital adjustments: Increase in provisions and government grants | 59 | 26 | |
| Cash generated from operations | 2,377 | 2,188 | |
| Income tax paid (net) | (99) | (71) | |
| Net cash flow from operating activities | 2,278 | 2,117 | |
| B. Cash flow from investing activities | |||
| Purchase of property, plant and equipment, capital work in progress and intangibles | (2,056) | (2,664) | |
| Proceeds from sale of property, plant and equipment | 15 | 38 | |
| Purchase of non-current investments | (47) | (54) | |
| (Purchase)/sale of Investment (net) | (1,036) | 77 | |
| Fixed deposits matured | 34 | 197 | |
| Interest received | 24 | 87 | |
| Dividend received | 43 | 49 | |
| Net cash used in investing activities | (3,023) | (2,270) | |
| C. Cash flow from financing activities | |||
| Proceeds from issue of shares on exercise of stock options | 0 | 0 | |
| Proceeds from long term borrowings | 1,847 | 465 | |
| Repayment of long term borrowings | (201) | (259) | |
| (Repayment)/proceeds from short term borrowings (net) | (115) | 442 | |
| Finance costs paid | (446) | (444) | |
| Payment of interest on lease liabilities | (48) | (20) | |
| Payment of principal portion of lease liabilities | (60) | (54) | |
| Dividend paid | (169) | (169) | |
| Net cash generated/(used in) from financing activities | 808 | (39) | |
| Net increase/(decrease) in cash and cash equivalents (A+B+C) | 63 | (192) | |
| Cash and cash equivalents at the beginning of the year | 149 | 341 | |
| Cash and cash equivalents at the end of the year | 212 | 149 | |
| Cash and cash equivalents includes: Continuing operations | 212 | 149 | |
| Cash and cash equivalents includes: Discontinued operations | – | – |
Optional: Audited Standalone Financial Results for the quarter and year ended March 31, 2026 (Rs. Crore)
| S. No. | Particulars | For the quarter ended 31-03-26 (Audited) (Note 4) | For the quarter ended 31-12-25 (Unaudited) | For the quarter ended 31-03-25 (Audited) (Note 4) | For the year ended 31-03-26 (Audited) | For the year ended 31-03-25 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||