During Thursday’s trading session, the shares of a leading cement manufacturing company in India jumped nearly 4.6 percent on BSE, after the company reported Q4 FY25 financial results with a net profit increase of 565 percent QoQ and nearly 37 percent YoY.
Price Movement
With a market cap of Rs. 36,725.3 crores, at 11:11 a.m., the shares of Dalmia Bharat Limited were trading in the green at Rs. 1,958.4, up by nearly 3.4 percent, compared to its previous closing price of Rs. 1,893.5.
So far in 2025, the stock has delivered positive returns of over 10 percent, and has gained around 12.5 percent in the last one month.
What’s the News
The fluctuations in the share prices were observed after Dalmia Bharat Limited announced the financial results for Q4 FY25, through the latest filings with the stock exchanges on Wednesday, post-market hours.
For Q4 FY25, Dalmia Bharat reported a consolidated revenue from operations of Rs. 4,091 crores, reflecting a growth of around 29 percent QoQ from Rs. 3,181 crores in Q3 FY25, but a year-on-year decline of around 5 percent from Rs. 4,307 crores in Q4 FY24.
Net profit surged significantly to Rs. 439 crore in Q4 FY25, a remarkable 565 percent increase over the Rs. 66 crore reported in the previous quarter, and a 37 percent rise compared to Rs. 320 crore in Q4 FY24.
During the same period, EBITDA also improved to Rs. 793 crore, growing by 55 percent QoQ and 21 percent YoY. EBITDA margins strengthened to 19 percent in Q4 FY25, up from 16 percent in Q3 FY25 and 15 percent in Q4 FY24. The company’s financial position remained robust, with a Net Debt/EBITDA ratio of 0.30x as of 31st March 2025.
Additionally, the company’s Board has recommended a final dividend of Rs. 5 per share for FY25, subject to shareholders’ approvals
FY25 Highlights
In FY25, Dalmia Bharat reached a significant milestone by achieving an installed cement capacity of 49.5 million tonnes per annum (MTPA). The company announced a further expansion of 6 MTPA, primarily targeting new markets in West India. Cement volumes grew by 2 percent year-on-year, reaching 29.4 million tonnes.
The company also made notable progress in renewable energy (RE), attaining an operational RE capacity—including group captive projects—of 267 MW, with RE accounting for 36.4 percent of total energy consumption.
During the year, it commissioned 2.4 MnT of cement capacity across Lanka (Assam), along with 0.5 MnT in Rohtas (Bihar), contributing to the total installed capacity of 49.5 MnT.
Additionally, the company announced a strategic investment of ~Rs. 3,520 crores to set up a 3.6 MTPA clinker unit and a 3 MTPA grinding unit at its existing Belgaum plant (Karnataka), along with a new 3 MTPA greenfield split grinding unit in Pune (Maharashtra).
Capacity Expansion Plans
As part of its capacity expansion plans, the company has announced the addition of 3.6 MTPA of clinker capacity and 6.0 MTPA of cement capacity, with 3.0 MTPA each at Belgaum and Pune. The existing cement capacity at Belgaum stands at 3.6 MTPA.
This expansion aligns with the company’s PAN India growth strategy, where the upcoming grinding unit in Pune will serve the largely untapped markets of Western Maharashtra, while the Belgaum grinding unit will enhance market penetration in Southern Maharashtra.
As of FY25, the company’s total cement capacity stands at 49.5 MnT and is projected to increase to 55.5 MnT by FY27. Similarly, the total clinker capacity, which stood at 23.5 MnT in FY25, is expected to rise to 27.1 MnT by FY26 and further to 30.7 MnT by FY27.
About the Company
Founded in 1939, Dalmia Bharat Limited is principally engaged in the business of manufacturing and selling cement and its related products.
With its current installed capacity reaching 49.5 MnT, Dalmia Bharat Limited, along with its subsidiaries, stands as the fourth-largest cement manufacturer in India in terms of installed capacity.
Written by Shivani Singh
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