DALBHARAT

What Dalmia BharatLtd promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 4 delivered 4 missed 12 open
  • Net Debt to EBITDA Ratio delivered said Q1 FY26 Promised: confident of staying below the 2x of net debt-to-EBITDA threshold Q1 FY27: Ratio increased to 1.47x after the Jaypee acquisition, but remains 'comfortably below 2x'.
  • Cost Savings per ton went quiet said Q3 FY25 Promised: realizing the cost savings of INR150 to INR200 per ton by FY27 Q1 FY27: No update provided on the cumulative structural cost savings target. Focus was on one-off savings to mitigate current cost inflation.
  • Phase 2 Capacity Expansion revised down said Q3 FY25 Promised: reach 75 million tons by financial year'28 Q1 FY27: Guidance revised down to reaching ~67 MT by Q3 FY28. Management softened the timeline for 75 MT, calling it an 'indicative milestone' that could slip into FY29.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 20 tracked commitments for Dalmia BharatLtd — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens