Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Dalmia Bharat Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,915 | 3,627 | 3,153 | 3,604 | 4,307 | 3,621 | 3,087 | 3,181 | 4,091 | 3,636 | 3,417 | 3,506 | 4,245 |
| Expenses + | 3,205 | 3,014 | 2,560 | 2,825 | 3,653 | 2,952 | 2,653 | 2,670 | 3,298 | 2,753 | 2,721 | 2,904 | 3,343 |
| Operating Profit | 710 | 613 | 593 | 779 | 654 | 669 | 434 | 511 | 793 | 883 | 696 | 602 | 902 |
| OPM % | 18% | 17% | 19% | 22% | 15% | 18% | 14% | 16% | 19% | 24% | 20% | 17% | 21% |
| Other Income + | 424 | 54 | 80 | 60 | 120 | -63 | 73 | 37 | 93 | 65 | 66 | 30 | 34 |
| Interest | 64 | 83 | 101 | 108 | 94 | 95 | 98 | 101 | 105 | 108 | 122 | 118 | 132 |
| Depreciation | 336 | 399 | 401 | 370 | 328 | 317 | 336 | 364 | 314 | 322 | 322 | 340 | 365 |
| Profit before tax | 734 | 185 | 171 | 361 | 352 | 194 | 73 | 83 | 467 | 518 | 318 | 174 | 439 |
| Tax % | 17% | 22% | 28% | 26% | 9% | 25% | 33% | 20% | 6% | 24% | 25% | 26% | 10% |
| Net Profit + | 609 | 144 | 123 | 266 | 320 | 145 | 49 | 66 | 439 | 395 | 239 | 128 | 394 |
| EPS in Rs | 31.42 | 6.93 | 6.29 | 14.02 | 16.80 | 7.52 | 2.45 | 3.25 | 23.19 | 20.95 | 12.58 | 6.50 | 20.63 |
Financials of Dalmia Bharat Ltd
Annual income statement trend
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 7,444 | 8,579 | 9,484 | 9,674 | 10,110 | 11,286 | 13,552 | 14,691 | 13,980 | 14,804 |
| Expenses + | 5,550 | 6,543 | 7,542 | 7,591 | 7,340 | 8,860 | 11,224 | 12,052 | 11,573 | 11,721 |
| Operating Profit | 1,894 | 2,036 | 1,942 | 2,083 | 2,770 | 2,426 | 2,328 | 2,639 | 2,407 | 3,083 |
| OPM % | 25% | 24% | 20% | 22% | 27% | 22% | 17% | 18% | 17% | 21% |
| Other Income + | 296 | 274 | 235 | 217 | 145 | 171 | 532 | 314 | 140 | 195 |
| Interest | 856 | 708 | 542 | 415 | 303 | 202 | 234 | 386 | 399 | 480 |
| Depreciation | 1,226 | 1,213 | 1,296 | 1,528 | 1,250 | 1,235 | 1,305 | 1,498 | 1,331 | 1,349 |
| Profit before tax | 108 | 389 | 339 | 357 | 1,362 | 1,160 | 1,321 | 1,069 | 817 | 1,449 |
| Tax % | 69% | 25% | -3% | 33% | 13% | 27% | 18% | 20% | 14% | 20% |
| Net Profit + | 44 | 291 | 349 | 238 | 1,183 | 845 | 1,079 | 853 | 699 | 1,157 |
| EPS in Rs | 8,800.00 | 58,400.00 | 15.96 | 11.61 | 62.58 | 43.55 | 55.21 | 44.04 | 36.41 | 60.73 |
| Dividend Payout % | 0% | 1,937% | 13% | 17% | 2% | 20% | 16% | 21% | 25% | 8% |
Financials of Dalmia Bharat Ltd
Capital structure and asset base
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6,654 | 6,654 | 39 | 39 | 37 | 37 | 37 | 38 | 38 | 38 |
| Reserves | 2,975 | 3,681 | 10,600 | 10,522 | 12,773 | 16,024 | 15,591 | 16,359 | 17,336 | 17,941 |
| Borrowings + | 8,038 | 7,266 | 5,883 | 6,049 | 3,839 | 3,176 | 3,855 | 4,805 | 5,702 | 7,406 |
| Other Liabilities + | 3,595 | 3,763 | 4,016 | 4,268 | 5,237 | 5,431 | 6,036 | 6,510 | 7,095 | 7,927 |
| Total Liabilities | 21,262 | 21,364 | 20,538 | 20,878 | 21,886 | 24,668 | 25,519 | 27,712 | 30,171 | 33,312 |
| Fixed Assets + | 15,516 | 14,037 | 13,573 | 12,555 | 13,626 | 14,147 | 14,784 | 15,732 | 17,306 | 19,504 |
| CWIP | 128 | 168 | 520 | 1,740 | 1,006 | 1,034 | 1,871 | 2,395 | 2,616 | 2,593 |
| Investments | 2,740 | 3,505 | 2,424 | 2,816 | 4,033 | 5,704 | 3,524 | 4,462 | 5,119 | 5,878 |
| Other Assets + | 2,878 | 3,654 | 4,021 | 3,767 | 3,221 | 3,783 | 5,340 | 5,123 | 5,130 | 5,337 |
| Total Assets | 21,262 | 21,364 | 20,538 | 20,878 | 21,886 | 24,668 | 25,519 | 27,712 | 30,171 | 33,312 |
Financials of Dalmia Bharat Ltd
Operating, investing and financing cash movement
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 1,875 | 1,606 | 1,843 | 2,340 | 3,604 | 1,932 | 2,252 | 2,635 | 2,117 | 2,278 |
| Cash from Investing Activity + | -139 | 135 | 189 | -1,760 | -300 | -1,045 | -2,326 | -2,750 | -2,270 | -3,023 |
| Cash from Financing Activity + | -1,749 | -1,564 | -2,067 | -594 | -3,375 | -942 | 168 | 222 | -39 | 808 |
| Net Cash Flow | -13 | 177 | -35 | -14 | -71 | -55 | 94 | 107 | -192 | 63 |
| Free Cash Flow | 1,483 | 1,213 | 917 | 995 | 2,577 | 176 | -449 | -88 | -509 | 237 |
| CFO/OP | 100% | 83% | 96% | 116% | 129% | 79% | 97% | 102% | 91% | 77% |
Financials of Dalmia Bharat Ltd
Working capital efficiency and return ratios
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26 | 24 | 21 | 25 | 18 | 22 | 19 | 21 | 23 | 21 |
| Inventory Days | 189 | 186 | 211 | 204 | 180 | 234 | 242 | 164 | 217 | 186 |
| Days Payable | 258 | 223 | 179 | 173 | 213 | 211 | 209 | 178 | 241 | 202 |
| Cash Conversion Cycle | -43 | -13 | 53 | 55 | -14 | 45 | 52 | 8 | -1 | 5 |
| Working Capital Days | -89 | -63 | -60 | -85 | -83 | -60 | -33 | -27 | -39 | 71 |
| ROCE % | 6% | 4% | 4% | 10% | 7% | 8% | 7% | 6% | 8% |