Dalmia Bharat Ltd. · NSE:DALBHARAT
Dalmia Bharat — Q1 FY26 Earnings Presentation
77 slides from Dalmia Bharat's earnings presentation, Aug 12, 2025
Slide 1: Exchange filing cover letter
File No: 1010/02 August 12, 2025 BSE Limited National Stock Exchange of India Limited P J Towers, Dalal Street, “Exchange Plaza”, Plot No. C-1, Block G Fort Mumbai - 400001 Bandra - Kurla Complex, Bandra (East), Scrip Code: 542216 Mumbai - 400 051 Symbol: DALBHARAT Subject: Investor Presentation – Q
Slide 2: Investor Presentation – Q1 FY26
Investor Presentation– Q1 FY26 August 12, 2025
Slide 3: Disclaimer
Disclaimer Certain statements in this presentation describing the Company's objectives, projections, estimates and expectations may be 'forward looking statements' within the meaning of applicable laws and regulations. Although our expectations are based on reasonable assumptions, these forward-look
Slide 4: Section Page
Section Page Dalmia Bharat Overview 04 Indian Economy 11 Cement Demand 14 Cement Supply 24 Value Creation 27 Annexure 71
Slide 5: Dalmia Bharat Overview
Dalmia Bharat Overview
Slide 6: Dalmia Bharat Group Overview
Dalmia Bharat Group Overview Fourth largest cement One of the fastest growing Expanding CSR programs Proud ‘Monument Mitra’ of manufacturing company in cane-based multi-product and projects of Dalmia one of India’s most iconic India companies Bharat Group since 2009 landmarks - The Red Fort 5
Slide 7: Our Vision Our Mission Our Values
Our Vision Our Mission Our Values To unleash the potential of everyone To be in the top two in all our businesses ➢ Integrity ➢ Trust & Respect we touch on the strength of our people and the ➢ Humility ➢ Commitment speed of our innovation 6
Slide 8: Dalmia Bharat Limited by the Numbers
Dalmia Bharat Limited by the Numbers Fundamentals Financials 49.5 MnT 29.4 MnT ₹13,980 Cr ₹ 4,763 Cement Capacity Sales Volume Net Sales NSR / Ton 23.5 MnT 506 MW# ₹ 2,407 Cr ₹ 820 Clinker Capacity Power Capacity EBITDA EBITDA / Ton 15 23 17.2% ₹41,407 Cr # Plants States Served EBITDA Margin Market
Slide 9: Key Milestones Over The Past Decade
Key Milestones Over The Past Decade Expansion into North East through Acquisition of Calcom and Adhunik ▪ Increased stake in OCL to 74.6%; OCL ▪ Completed corporate restructuring to 11.8 MnTPA became a subsidiary of the Group become a single listed entity Commenced production of Line FY13 ▪ Acquired
Slide 10: Strategic Imperatives
Strategic Imperatives PAN India Pure Play Cement Company Significant presence in every market wherein Dalmia operates Grow capacity at a CAGR of 14% - 15% over the next decade to reach 110-130 MnT by 2031 Target of 75 MnT by FY2028 Maintain a strong balance sheet along with highest standards of corp
Slide 11: Empowering Progress Through Our Pillars
Empowering Progress Through Our Pillars Financial Organization Growth Sustain Trust performance Building ➢ Sales volume has grown at a ➢ Belgaum-Pune Expansion: ➢ Succession planning guided ➢ Continued transition to CAGR of 10% over the last 3.6 MnTPA clinker unit with 3 recruitment; key positions g
Slide 12: Indian Economy
Indian Economy
Slide 13: INDIA – Adding every progressive Trillion Dollar faster
INDIA – Adding every progressive Trillion Dollar faster... India GDP, current prices (US$ Tn) Years to reach the milestone of next $1tn level 2 Yr 3 Yr 6.8 6.1 5.6 4 Yr 5.1 4.6 7 Yr 4.2 3.9 7 Yr 3.2 60 Yr 2.0 1.2 FY08 FY15 FY22 FY25e FY26e FY27e FY28e FY29e FY30e FY31e ➢ India surpassed Japan to bec
Slide 14: Growing resilience in the Indian Economy
Growing resilience in the Indian Economy Economic Growth projections S&P Global India Manufacturing PMI 65 2025e 2026e 6.2% 6.3% 60 58.4 3.7% 3.9% 55 2.8% 3.0% 1.4% 1.5% 50 45 World Advanced Emerging Market India Jun'21 Jun'22 Jun'23 Jun'24 Jun'25 Production of 8 Core Industry (Indexed) Annual GST C
Slide 15: Cement Demand
Cement Demand
Slide 16: Robust Cement Demand
Robust Cement Demand Industry Cement Demand (MnT) 700 CAGR: 7-8% 600 Impacted by Central & key state elections coupled with extended 500 and unseasonal rainfall ~6-7% ~5% 400 300 200 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26e FY30e Demand softened in Q1 FY26 due to the early arrival of
Slide 17: Cement Demand Growth - a multiple of GDP growth
Cement Demand Growth - a multiple of GDP growth FY14: Taper tantrum FY20: Credit Tightness Housing + Capex Cycle - Housing Cycle FY17: Demonetization FY21: COVID-19 pandemic - Capex Cycle 15.0% FY18: GST & RERA 10.0% 5.0% 0.0% FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY1
Slide 18: Low per capita Consumption offers high growth potential
Low per capita Consumption offers high growth potential Per Capita Cement Consumption in Emerging Markets (Kg) ~1,300 ~1,000 ~950 ~500 ~500 ~350 ~320 ~295 China Vietnam Turkiye Russia Mexico Brazil India World India’s low per capita Cement consumption driving robust demand growth Source: United Stat
Slide 19: Broad based demand growth drivers
Broad based demand growth drivers Segmental demand share Segmental growth outlook (FY26) 9-11% 35-37% 7.5-8.5% 6.5-7.5% 5.5-6.5% 22-24% 28-30% Housing Infrastructure Industrial & Commercial Rural Housing Urban Housing Infrastructure Industrial & Commercial Source: Research reports 18
Slide 20: Strong Tailwinds for Rural & Affordable Housing
Strong Tailwinds for Rural & Affordable Housing ➢ An early & strong start to the monsoon is expected to support timely PMAY Rural Houses (Million units) kharif sowing and improve reservoir levels 49.5 43% ➢ The Government’s focus on rural development, which is reflected in the growth in budgetary al
Slide 21: Sustained Momentum in Real Estate sector
Sustained Momentum in Real Estate sector Urban Housing Repo Rate Annual Sales and Launches for Top Seven Cities (Million Sq. ft) 701 699 643 650 660 6.50% 6.50% 6.50% 614 595 604 6.25% 456 440 5.50% 332 277 FY21 FY22 FY23 FY24 FY25 FY26e Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Launches (MsF) Sales (MsF)
Slide 22: Housing Sector Outlook Remains Promising
Housing Sector Outlook Remains Promising India’s Per Capita GDP ($) Urbanization % CAGR: ~9% 40% 4,469 37% CAGR: ~6% 35% 2,878 31% 1,916 28% 1,351 26% 369 442 1990 2000 2010 2020 2025 2030e 1990 2000 2010 2020 2025 2030e No. of cities with 1 Mn population in India 71 ➢ Improving India’s per capita G
Slide 23: Capex Push by the Government
Capex Push by the Government Central Government’s Capital Expenditure Eastern States Capital Expenditure (Rs Cr) CAGR: 16% 205,423 11.2 12. 0 7.0 % 10.2 9.5 6.0 % Capex (Rs Lac Cr) 10. 0 66,210 Capex as % of Nominal GDP 5.0 % 8.0 7.3 4.0 % FY21 FY26BE 5.9 6.0 4.3 3.0 % Southern States Capital Expend
Slide 24: Investment driven Structural Megatrends
Investment driven Structural Megatrends Smart & Sustainable Cities Expressways, Highways & Bharatmala ➢ Aims to improve quality of life and promote economic ➢ Bharatmala Pariyojana is India's largest infrastructure growth in 100 selected cities by providing efficient program to develop 34,800 km of
Slide 25: Cement Supply
Cement Supply
Slide 26: Supply Growth trailing Demand momentum
Supply Growth trailing Demand momentum Industry Cement Supply (MnT) & Capacity Utilization 1,000 100% 900 CAGR: 6.5% 90% 800 80% 69% 700 70% 600 60% 500 50% 400 40% 300 30% 200 20% FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26e FY27e FY30e ➢ Industry supply is expected to grow at about 6.5%
Slide 27: Consolidation remains in Play!
Consolidation remains in Play! Capacity Share of Top 4 Cement players Entry Barriers for New players 59% 57% Transparent Limestone Auction 50% 47% 47% 48% Longer lead in Land Acquisition Tight Credit Availability FY21 FY22 FY23 FY24 FY25 FY26e ➢ Share of Top 4 players in the cement supply capacity i
Slide 28: Value Creation
Value Creation
Slide 29: Dalmia Bharat: Drivers for Value Creation
Dalmia Bharat: Drivers for Value Creation Growth Potential Financial Health Driving growth potential through strategic Robust balance sheet and return ratios expansion and market penetration enabling long-term growth Brand Equity Robust Management Enhancing brand equity with Experienced leadership w
Slide 30: Growth Potential
01 Growth Potential
Slide 31: 10 Year Growth Snapshot
10 Year Growth Snapshot 7% 15% 15% 15% Capacity Volume Revenue EBITDA 2x 4x 4x 4x Aggressive Yet Sustainable Growth Enabled Us to Emerge as the 4th Largest Cement Player In India *FY15-25 30
Slide 32: Expanding footprint through consistent & strategic growth
Expanding footprint through consistent & strategic growth FY15 Present 11 Plants 15 Plants 24.0 MnTPA 49.5 MnTPA 20 States served 23 States served Our Markets Existing Plants 31
Slide 33: Next Milestone of 75MnT by FY28
Next Milestone of 75MnT by FY28 (in MnTPA) 75.0 6.0 61.5 55.5 3.0 3.0 49.5 +3.0 MnT Pune, MH +6.0 MnT +3.0 MnT Kadapa, AP Belgaum, KA +Bulk Terminal Chennai, TN Greenfield FY25 Belgaum, Pune, FY27 Kadapa, Q2 FY28 FY28e Brownfield KA MH AP Milestone 3 MnTPA Bulk Terminal 32
Slide 34: Rationale for Cement Capacity Expansion
Rationale for Cement Capacity Expansion Belgaum unit will cater to the underserved Southern Maharashtra market, while Pune unit will cater to the untapped Western Maharashtra market Kadapa unit will help strengthen our presence in Andhra Pradesh and Southern Karnataka, as the current plant is operat
Slide 35: Clinker Capacity Expansion
Clinker Capacity Expansion Figures in MnT South East North East West Total FY25 10.4 8.3 2.7 2.1 23.5 FY26 10.4 8.3 6.3 2.1 27.1 FY27 14.0 8.3 6.3 2.1 30.7 Q2 FY28 17.6 8.3 6.3 2.1 34.3 34
Slide 36: Market Leader in Highly Attractive North-Eastern Region
Market Leader in Highly Attractive North-Eastern Region ➢ The government is prioritizing developing the North Eastern Capital spending in NER (Rs Cr) Region (NER) of India because of its strategic location and Capex on Roads Capex for Ministry of NE potential to drive economic growth (Budgetary allo
Slide 37: Brand Equity
02 Brand Equity
Slide 38: Serving Every Need with a Diverse Product Range
Serving Every Need with a Diverse Product Range… Retail Offerings Institutional Offerings ➢ AA+ Category ➢ Dalmia Supreme help ➢ Dalmia Infra Pro, premium product for building a Strong & known for high strength Durable home consistency, high concrete strength and applications performance ➢ Produced
Slide 39: …with focus on improving the Quality of Sales
…with focus on improving the Quality of Sales Share of Trade Sales Share of Premium Products 68% 67% 68% 24% 24% 65% 66% 63% 64% 63% 22% 22% 22% 22% 21% 21% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY26 FY24 FY24 FY24 FY25 FY25 FY25 FY25 FY26 ➢ Trade share h
Slide 40: Expanding Visibility through Deeper Dealer engagement
Expanding Visibility through Deeper Dealer engagement ➢ Vast engagements strengthening our connect with channel partners, improving brand visibility and reinforcing regional relevance ➢ Conducted festive engagement activities across multiple states, celebrating festivals ➢ Increased our reach throug
Slide 41: Cost Leadership
03 Cost Leadership
Slide 42: One of the Lowest Cost Producers in India
One of the Lowest Cost Producers in India Raw Material Cost/T Power & Fuel Cost/T Dalmia Average of Top 6 players 934 1,266 800 989 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Freight Cost/T Total Cost/T 1,284 4,502 1,120 3,943 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Key drivers incl
Slide 43: Driving efficiency in Raw Material cost
Driving efficiency in Raw Material cost Strategically located cement plants Product Mix (FY25) Only company to have Clinker Unit in Bihar 12% 15% OPC Average Life of Limestone Mines: 20+ years across majority plants PPC 31% PCC Securing Long-term tie-ups for Slag & FlyAsh PSC 42% One of the largest
Slide 44: Demonstrating Commitment to Green Power
Demonstrating Commitment to Green Power (in MW) 576 Group Captive Solar WHRS Commissioned 26 MW of group 316* captive renewable energy in Q1 FY26 294 267 59 85 Operational RE capacity is expected 185 to reach 576 MW by the end of FY26 166 172 63 100 113 136 136 32 32 Increasing renewable energy capa
Slide 45: Demonstrating Resilience in Supply Chain
Demonstrating Resilience in Supply Chain ➢ Higher utilization of trucks by fast channeling Dedicated Fleets ➢ Improvement in Direct Dispatch: 62% in Q1FY26 from 57% in Q1FY25 ➢ Warehouse Optimization through better inventory management ➢ Dedicated Wagon Deployment to Reduce Clinker Freight Costs ➢ I
Slide 46: Usage of Smart Technology
Usage of Smart Technology Zero Trust Access 01 02 CO Project Multi-factor authentication ensures only Automates product cost calculations and authorized users can access systems, reporting, improving cost transparency, significantly reducing cybersecurity risks audit readiness, and operational contr
Slide 47: Efficiency levers deepening Cost Leadership
Efficiency levers deepening Cost Leadership Logistics Increase in Share of optimization Renewable Power Improvement in Higher usage of Clinker factor Recycled waste Operationalizing Improvement in Heat & Captive coal mines Power Consumption Target to gain Rs 150-200/T by FY27 through cost efficiency
Slide 48: Financial Health
04 Financial Health
Slide 49: Annual Financial Performance
Annual Financial Performance Revenue (Rs Cr) EBITDA (Rs Cr) & EBITDA Margin 14,691 2,760 13,552 13,980 2,639 2,426 2,407 3,00 0 35% 2,50 0 2,328 30% 25% 11,286 2,00 0 27% 20% 10,110 1,50 0 21% 15% 1,00 0 17% 18% 17% 10% 500 5% - 0% FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 PAT (Rs Cr) & PAT
Slide 50: Quarterly Financial Snapshot
Quarterly Financial Snapshot Revenue (Rs/T) Total Cost (Rs/T) 5,193 3,973 3,971 3,998 3,932 4,874 3,852 4,763 4,778 4,622 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 EBITDA (Rs/T) EBITDA (Rs Cr) 883 1,261 793 669 901 926 511 765 434 650 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1
Slide 51: Robust Balance Sheet
Robust Balance Sheet Net Debt (Rs Cr) Net Debt to EBITDA 661 716 873 484 0.28 0.30 0.33 0.18 (0.59) (1,421) FY22 FY23 FY24 FY25 Q1FY26 FY22 FY23 FY24 FY25 Q1FY26 Net Debt to Equity Cash Conversion % 0.04 0.04 129% 0.03 96% 100% 80% 88% (0.09) FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Strong Balan
Slide 52: Disciplined and Value Focused Capital Allocation
Disciplined and Value Focused Capital Allocation ➢ Up to 10% of the Operating Cash Flow towards shareholders’ return which would include a mix of both dividend & share buy-backs ➢ Up to 10% of Operating Cash Flow towards an Innovation & Green Energy Fund which would be channelized towards focused R&
Slide 53: Strong Credit Profile
Strong Credit Profile Cost of borrowings (%) Gross Debt (Rs Cr) Cost of Borrowings 8,000 12. 00% 7,000 6,456 10. 00% AA+ Stable Outlook 6,000 8.0 0% 5,000 AA+ 7.50% 6.0 0% Stable Outlook 4,000 4.0 0% 3,000 AA+ 2,000 2.0 0% Stable Outlook 1,000 0.0 0% Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 AA+ FY24 FY24 FY24 FY25 F
Slide 54: Robust Management
05 Robust Management
Slide 55: Overseen by a Reputed Board
Overseen by a Reputed Board Independent Directors Non-Independent Directors Yadu Hari ▪ 47+ years of experience in the cement industry and Paul Heinz ▪ Served as CEO of Siam City Cement Public Company Ltd. Dalmia has earlier served as President of the Cement Hugentobler in Bangkok From Jan’02 till r
Slide 56: Managed by a Diverse Leadership Team
Managed by a Diverse Leadership Team Puneet Dalmia ▪ Spearheading Dalmia’s transformation journey Dharmender ▪ 37+ years of experience in various facets of Managing Director & through his vision of nation-building since 2004 Tuteja Finance & Accounts function and Business CEO Management in diverse i
Slide 57: Multi-Tier Governance Structure
Multi-Tier Governance Structure ➢ Audit Committee ➢ Stakeholders’ Relationship Committee ➢ Nomination and Remuneration Committee ➢ Risk Management Committee ➢ Corporate Social Responsibility Committee Board of Directors Executive Committee ➢ Strategic decision making and driving efficiency, profitab
Slide 58: Majority of the Committees led by Independent Directors
Majority of the Committees led by Independent Directors Committee Chairperson Members Audit Committee Paul Heinz Hugentobler Anuradha Mookerjee Anuj Gulati Nomination & Remuneration Committee Anuradha Mookerjee Paul Heinz Hugentobler Niddodi Subrao Rajan Corporate Social Responsibility Committee Nid
Slide 59: ESG & Safety
06 ESG & Safety
Slide 60: Pioneer in the Area of Sustainability
Pioneer in the Area of Sustainability Environment Social Governance ➢ Led by sustainable business practices, ➢ Sustainability strategy aligned to the ➢ Institutionalized good governance led our intent is to become Carbon UN Sustainable Development Goals by robust Corporate Governance Negative Cement
Slide 61: Decoupling CO2 Emissions from growth
Decoupling CO2 Emissions from growth ESG Performance Snapshot (FY25) Grey to Green Roadmap for Carbon Negative Transition Performance compared to FY-19 baseline Carbon Footprint Net KgCO2/ton of Cementitious Material Water: 11% reduction in Specific Water Consumption per ton of cement 670 (FY14) 546
Slide 62: Stepping ahead on adoption of CCUS Technology
Stepping ahead on adoption of CCUS Technology ➢ The Department of Science and Technology (DST), Govt. of India, launched a CCU call focused on the cement sector for industrial test bed development ➢ Dalmia Cement, in collaboration with IIT Bombay, applied under the scheme to demonstrate indigenous C
Slide 63: Safety – Dalmia Way of Life
Safety – Dalmia Way of Life VISION Injury Frequency Rate (IFR) (per one million-person hours worked) We aspire to set a global benchmark by creating the safest work environment and encourage individuals to make safety a part of life Lost Time IFR Total Recordable IFR MISION 0.62 0.56 To continuously
Slide 64: Driving Safety Excellence through Strategic Interventions
Driving Safety Excellence through Strategic Interventions Leveraging Technology Building Capabilities ➢ AI-driven solutions for hazard identification and mitigation ➢ Engaging grassroot teams through daily Toolbox Talks to drive safety awareness and culture ➢ Boots On Ground: QR code and geo-fencing
Slide 65: Highest standards of Corporate Governance
Highest standards of Corporate Governance ➢ First cement company in India to formally ➢ Completed divestment of Hippo Stores (retail announce a Capital Allocation framework business) ➢ Formal Treasury Policy - At least 80% of the ➢ Completed divestment of Refractory business money should be invested
Slide 66: Governing Polices at Dalmia
Governing Polices at Dalmia Code of Conduct for Directors and Senior Code of Fair Disclosure of unpublished price sensitive Management Personnel information Policy on Related Party Transactions Code of Conduct for prevention of Insider Trading Nomination and Remuneration Policy Dividend Distribution
Slide 67: ICRA ESG Rating Update
ICRA ESG Rating Update 80/ 100 ICRA: Indian affiliate of Moody’s Investors Service Ineffectual Deficient Adequate Strong Exceptional SEBI-licensed ESG rating 0 20 40 60 80 100 provider Summary of rating action ESG Combined Rating Previous Score Rating Symbol Current Score Rating Symbol Rating Moveme
Slide 68: ESG Ratings
ESG Ratings ICRA ESG Rating 80, (July 18, 2025) Exceptional CRISIL ESG Score 57 (April 14, 2025) NSE Sustainability Ratings & Analytics 63 (July 8, 2025) SES ESG Research 62.5 (Jul 28, 2025) 67
Slide 69: CSR at Dalmia Bharat – Q1FY26
CSR at Dalmia Bharat – Q1FY26 Climate Action: ▪ Provided 1.4 lacs bamboo shoots (in partnership project with GIZ), covering 400+ households spread across 19 villages in the Umrangso, Assam, with potential to increase income by Rs 60,000 p.a. (full-grown bamboo shoot will annually reduce a minimum of
Slide 70: Participating in India’s Culture & Heritage
Participating in India’s Culture & Heritage Project Name : Shuttle by Dalmia Bharat Inaugurated on 12th Dec 2024 “Shuttle by Dalmia Bharat" is a High-Performance Centre in Under the initiative of Indian government – ‘Adopt a Heritage’ Odisha, dedicated for excellence in badminton. Designed project –
Slide 71: Sustainability Awards – Q1 FY26
Sustainability Awards – Q1 FY26 13th Mines Environment & Mineral Excellence in Safety Standards in the National Safety Council of India Award Conservation Week Lifting Industry ➢ First Prize in Overall Performance ➢ Certificate of Appreciation for ➢ Golden Hook Award For successful Excellence in Occ
Slide 72: Annexure
Annexure
Slide 73: Financial Performance
Financial Performance (in Rs Cr) (Rs Crores) 31.03.2021 31.03.2022 31.03.2023 31.03.2024 31.03.2025 Fixed Assets^ 14,905 15,336 16,745 18,153 19,937 Investments^ 740 1,305 1,389 590 675 Net Working Capital (846) (652) (549) (591) (798) Other Assets 454 670 925 1,139 1,245 Total Assets 15,254 16,660
Slide 74: Movement in Cash & Cash Equivalents - FY25
Movement in Cash & Cash Equivalents - FY25 (in Rs Cr) 628 2,117 551 4,563 4,166 310 87 2,664 169 464 Opening Cash & Cashflow from Debt movement Capex Dividend Interest Interest Others IEX movement Closing Cash & Cash Equivalents Operations Payment Received Cash Equivalents 73
Slide 75: Key Financials
Key Financials Particulars UoM FY21 FY22 FY23# FY24# FY25 Cement Capacity MnT 30.8 35.9 38.6 44.6 49.5 Sales Volume MnT 20.7 22.2 25.7 28.8 29.4 Net Sales Rs Cr 10,110 11,286 13,552 14,691 13,980 EBITDA Rs Cr 2,760 2,426 2,328 2,639 2,407 EBITDA Margin % 27.3% 21.5% 17.2% 18.0% 17.2% EBITDA Rs/T 1,3
Slide 76: Adjusted RoCE and RoE
Adjusted RoCE and RoE Reported Adjusted* (in Rs Cr) FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA (including Other Income) 2,949 2,586 2,454 2,954 2,660 2,949 2,586 2,454 2,954 2,660 Less : - Depreciation as per books 1,266 1,235 1,305 1,498 1,331 1,266 1,235 1,305 1,498 1,331 Add: Amorti
Slide 77: Thank You
Thank You CHENNAI HIRAKUD METRO DAM BIRSA MUNDA STADIUM HOLLONGI AIRSTRIP DHOLA Contact Information SADIYA BRIDGE o: 11th & 12th floor, Hansalaya Building, 15, Barakhamba Road, New Delhi – 110001 e: investorrelations@dalmiabharat.com w: www.dalmiabharat.com