India's Dalmia Bharat jumps after Q4 profit beats estimates

Dalmia Bharat

29/04/2026 07:18

** Shares of India's Dalmia Bharat DALB.NS jump 2.93% to 1975 rupees

** Cement maker's reported bigger-than-expected Q4 net profit at 3.87 billion rupees ($40.84 million)

** Analysts, on average, expected net profit of 3.62 billion rupees - LSEG data

** Emkay lifts PT by 100 rupees to 2000 rupees; raised FY27 and FY28 EBITDA estimates by ~6% and ~4%, respectively

** Antique estimates ~8% annual volume growth over FY26–FY28, with EBITDA/tonne staying steady at ~980 rupees in FY27–FY28

** Systematix downgrades stock to "hold" from buy, cuts PT by 464 rupees to 2,158 rupees; but estimates 7% revenue CAGR over FY25–FY28, driven by 4% annual volume growth

** YTD, stock down ~8%

($1 = 94.7550 Indian rupees)

 (Reporting by Bipasha Dey in Bengaluru)

 ((Bipasha.Dey@thomsonreuters.com;))