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Dalmia Bharat posts Rs 205 crore Q2 loss on exceptional hit

Dalmia Bharat moved higher in a quarterly results development.

· Economic Times Markets, ET Stocks

Dalmia Bharat experienced a consolidated loss of Rs 205 crore in the September quarter of this year. This loss was due to an exceptional hit of Rs 339 crore related to asset impairment and employee separation. Sales volume rose by 3% year-on-year, while consolidated revenue increased by 4% to Rs 3,563 crore. However, EBITDA fell by 29% due to rising power and fuel costs, which increased by 22%.

Dalmia Bharat reported Rs 205 crore, Rs 339 crore and Rs 3,563 crore, with movement of 3%, 4% and 29% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is +2.2% on the day at ₹1,625.80, and has returned -10.2% over three months. It sits 27% below its 52-week high, which means a good deal of bad news was already in the price. The cement & construction sector has moved -13.7% over the same period, so Dalmia Bharat is running 3.5 points ahead of its peers.

For Dalmia Bharat, the question is how much of this is already reflected in the price and how much re-rates the cement & construction peer set alongside it.

  • Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
  • In focus: Dalmia Bharat (DALBHARAT), in Cement & Construction.
  • Over three months: Dalmia Bharat -10.2% against Cement & Construction -13.7% (3.5 points ahead).
  • At least 25% below the 52-week high: Dalmia Bharat (27%).
Figures for the companies in this story
CompanyPriceDay1M3MFrom 52-wk highVolume vs 20-dayMarket cap
Dalmia BharatDALBHARAT · Cement & Construction₹1,625.80+2.2%-4.4%-10.2%-27.2%0.7×—

Cement & Construction

1M -4.7% · 3M -13.7%

Dalmia Bharat

Power

1M -11.6% · 3M -17.7%

Prices as of 26 Oct 2026, 23:49 IST. Sector moves are the average of the stocks we track in each sector.

DALBHARATCement & ConstructionPower