DALMIARF 2026-01-01 2026-03-31 DALMIARF 2026-03-31 DALMIARF 2025-03-31 DALMIARF 2025-04-01 2026-03-31 DALMIARF 2026-01-01 2026-03-31 in-capmkt:OtherExpenses1Member DALMIARF 2025-04-01 2026-03-31 in-capmkt:OtherExpenses1Member DALMIARF 2026-03-31 OtherNoncurrentFinancialAssetsDomain1 DALMIARF 2026-03-31 OtherNoncurrentAssetsDomain1 DALMIARF 2026-03-31 OtherNoncurrentAssetsDomain2 DALMIARF 2026-03-31 OtherCurrentFinancialAssetsDomain1 DALMIARF 2026-03-31 OtherCurrentAssetsDomain1 DALMIARF 2026-03-31 OtherNoncurrentFinancialLiabilitiesDomain1 DALMIARF 2026-03-31 OtherNoncurrentFinancialLiabilitiesDomain2 DALMIARF 2026-03-31 OtherCurrentFinancialLiabilitiesDomain1 DALMIARF 2026-03-31 OtherCurrentFinancialLiabilitiesDomain2 DALMIARF 2026-03-31 OtherCurrentLiabilitiesDomain1 DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2025-04-01 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2025-04-01 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2025-04-01 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2025-04-01 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2025-04-01 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2025-04-01 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2026-03-31 in-capmkt:ReportableSegments1Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2026-03-31 in-capmkt:ReportableSegments2Member DALMIARF 2026-01-01 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2026-03-31 in-capmkt:ReportableSegments3Member DALMIARF 2026-01-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss1 DALMIARF 2026-01-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss2 DALMIARF 2026-01-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss3 DALMIARF 2026-01-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss4 DALMIARF 2025-04-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss1 DALMIARF 2025-04-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss2 DALMIARF 2025-04-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss3 DALMIARF 2025-04-01 2026-03-31 ItemsThatWillNotBeReclassifiedToProfitAndLoss4 DALMIARF 2026-01-01 2026-03-31 ItemsThatWillBeReclassifiedToProfitAndLoss1 DALMIARF 2025-04-01 2026-03-31 ItemsThatWillBeReclassifiedToProfitAndLoss1 iso4217:INR iso4217:INR xbrli:shares 000000 NOTLISTED DALMIARF INE0EB001012 DALMIA BHARAT REFRACTORIES LIMITED Main Board Equity 2025-04-01 2026-03-31 2026-05-19 2026-05-13 INR Crores Quarterly Fourth quarter Multi segment 2026-05-19 12:45:00 2026-05-19 14:00:00 true Cash Flow Indirect Not applicable 2026-01-01 2026-03-31 Audited Consolidated 917600000 52600000 970200000 594700000 137900000 -33300000 70600000 276600000 98300000 833600000 1978400000 -1008200000 0 -1008200000 0 0 0 0 -1008200000 -442500000 0 -442500000 18800000 -1431900000 -4213500000 -5645400000 -1429900000 -2000000 -5646500000 1100000 458800000 10 -21.52 -21.52 -9.65 -9.65 -31.17 -31.17 Notes to consolidated financial results: <BR> 1. The above financial results of Dalmia Bharat Refractories Limited ("the Parent Company or the Company") and its subsidiaries, collectively referred to as Group and associate have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 19, 2026 and have been audited by the Statutory Auditor of the Company. <BR> 2. The figures for the quarter ended March 31, 2026 and March 31, 2025, are the balancing figures between audited figures in respect of the relevant full financial year and the unaudited published year to date figures upto nine months of the relevant financial year. <BR> 3. Pursuant to the Resolution Plan approved by the Hon’ble National Company Law Tribunal, Kolkata Bench, vide order dated October 19, 2023, for the acquisition of Birla Tyres Limited (“BTL”) jointly by the Parent Company and Himadri Speciality Chemical Limited (“HSCL”) under the Corporate Insolvency Resolution Process (“CIRP”) in accordance with the Insolvency and Bankruptcy Code, 2016 (“IBC”), HSCL exercised its option to convert the Optionally Convertible Debentures issued by BTL into equity shares of Rs.10/- each. Consequent to the said conversion and allotment, the post-issue equity shareholding of the Parent Company along with its nominees in BTL reduced from 99.99% to 0.33%, resulting in BTL ceasing to be a subsidiary of the Group with effect from April 01, 2025. Further, the Parent Company transferred its remaining 0.33% equity shareholding in BTL to HSCL pursuant to a Share Purchase Agreement executed on April 03, 2025. <BR> 4. Himadri Speciality Chemical Limited (“HSCL”) on April 01, 2025 exercised its option to convert the Optionally Convertible Debentures issued by Himadri Birla Tyre Manufacturer Private Limited (“HBTMPL”) into equity shares of Rs.10/- each. Pursuant to the said conversion and allotment, the post-issue equity shareholding of the Parent Company in HBTMPL stood reduced from 99.99% to 51% as on April 01, 2025. Subsequently, the Parent Company has entered into a Shareholders’ Agreement (“SHA”) with HSCL and HBTMPL. Further, on April 15, 2025, the Board of Directors of the Parent Company approved the transfer of 2% equity stake held by the Parent Company in HBTMPL to Akhyar Estate Holdings Private Limited, a promoter group entity. Post the said transfer, the Parent Company’s shareholding in HBTMPL stands reduced to 49%, thereby resulting in HBTMPL ceasing to be a subsidiary of the Parent Company in terms of Section 2(87) of the Companies Act, 2013 and accordingly HBTMPL became an associate w.e.f. April 16, 2025. <BR> 5. Pursuant to the transactions as mentioned in note 3 and 4 above, loss of Rs. 18.15 Crores was recognised as an exceptional item. <BR> 6. Pursuant to the transfer of the Refractory Business in India to RHI Magnesita India Limited (“RHI”) which was concluded on January 4, 2023, then the Indian Refractory Business have been considered as discontinued operations in accordance with Ind AS 105. Mining rights pertaining to the Pilidhar Mines were proposed to be transferred under the arrangement, subject to fulfilment of certain conditions relating to removal of existing encumbrances. As the conditions could not be fulfilled, the parties mutually agreed to retain the Pilidhar Mines with the Parent Company on agreed terms & conditions. Accordingly, the operations relating to the Pilidhar Mines have been reclassified as continuing operations and the corresponding previous year figures have been regrouped/reclassified wherever considered necessary. The financial performances of discontinued operation for the relevant periods. <BR> 7. Based on internal organization of its business segments, focus and business review carried out by the Whole-time director and CEO (Chief Operating Decision Maker - CODM) of the Parent Company, the Group has indentified three reportable segments "Refractories", "Tyres" and "Tours & Travel Service" as per IND AS 108- Operating Segments" , including related disclosures. <BR> <BR> 8. The Board of Directors of the Parent Company on February 02, 2024, approved the Scheme of Arrangement (“Scheme”) between Dalmia Bharat Sugar and Industries Limited (“Demerged Company”) and the Parent Company and their respective shareholders under Sections 230 to 232 and all other applicable provisions of the Companies Act, 2013 for transfer and vesting of Demerged Undertaking 1 or “DMC Unit” i.e. the refractory business of Demerged Company which is engaged in the business of manufacturing of refractories and Demerged Undertaking 2 or “GT Unit” i.e. the tours and travel service business of Demerged Company into the Parent Company on a going concern basis. <BR> The aforesaid Scheme has been sanctioned by the Hon’ble National Company Law Tribunal (“NCLT”), Chennai Bench vide its order dated September 12, 2025. The Certified true copy of the said NCLT Order has been filed with the Registrar of Companies on October 09, 2025, being the ‘Effective Date’. The Parent Company has acquired the DMC Unit and GT Unit from Demerged Company, with effect from July 01, 2023 (‘Appointed Date’), through a Scheme of Arrangement , by way of 'Acquisition Method' in accordance with Ind AS 103- Business Combination. In exchange of the DMC Unit and GT Unit transferred by the Demerged Company, the Parent Company has issued 16,79,937 fully paid-up equity shares of face value of Rs.10 each to the eligible Equity Shareholders of the Demerged Company as on October 31, 2025 (“Record Date”) in the proportion defined in the Scheme. Comparative figures for the previous periods have been restated to give the impact of the Scheme. <BR> Accordingly, comparatives have been restated for the above Schemes from the appointed date i.e. July 01, 2023 and the results of the Parent Company is included in above financial results for the quarter / year presented and the effect on the amount of Revenue, Profit and Earnings per Share published in previous period. <BR> <BR> 9. The Parent Company was obligated to transfer undisputed lease rights in respect of certain land parcels on long-term lease to RHI Magnesita India Refractories Limited (“RHI”) pursuant to Business Transfer Agreement (“BTA”) dated January 4, 2023. However, due to encroachments, possession of a portion of the land parcel at Rajgangpur, Odisha, admeasuring 8.47 acres, could not be handed over by the Parent Company. Accordingly, compensation amounting to Rs. 11.54 Crores, determined based on an independent third-party valuation report, has been paid to RHI and recognised as an exceptional item in the Statement of Profit and Loss for the year ended March 31, 2026. <BR> Further, during the year, the Parent Company reassessed the carrying value of identified land parcels covered under the aforesaid arrangement and the resulting difference in carrying value of such assets aggregating to Rs. 32.27 Crores has also been charged as an exceptional item in the Statement of Profit and Loss for the year ended March 31, 2026. <BR> <BR> 10. On July 25, 2024, the Hon'ble Supreme Court, in a judgment delivered by a Nine-Judge Constitutional Bench, ruled that royalty is not a tax and upheld the legislative competence of States to levy mineral taxes. Further, in its order dated August 14, 2024, the Court determined that States could levy or demand tax on minerals from April 01, 2005, with payments to be made in 12 installments, starting from April 01, 2026. <BR> Given the complexity of the issues involved and pending further clarity, the Parent Company, based on management’s evaluation has estimated a contingent liability of Rs.11.13 Crores. This will be reassessed periodically based on further developments in the matter. <BR> <BR> 11. The Parent Company is carrying a provision of Rs.133.25 Crores against compensation demand raised by the local authority for the mine situated at Salem of Rs.79.88 Crores and interest accrued up to March 31, 2025. During the current year, the Hon’ble High Court of Madras set aside the demand vide its order dated September 10, 2025. Accordingly, the Parent Company has discontinued the accrual of interest on the said demand from the current year. However, as a matter of prudential measures, the Parent Company continues to carry the provision in its books. <BR> <BR> 12. On November 21, 2025, the Government of India has notified four labour codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central rules & FAQs to enable assessment of the financial impact due to changes in regulations. <BR> Incremental impact of gratuity and other employee benefits for the year ended March 31, 2026, on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India, has been considered in these financial results. <BR> The Parent Company continues to monitor the finalisation of Central/State Rules and clarification from the Government on other aspects of Labour Codes and would provide the appropriate accounting effect on the basis of such developments as needed. <BR> 13. Pursuant to the Scheme of Arrangement between Dalmia Bharat Sugar and Industries Limited and the Parent Company, the Parent Company has issued 16,79,937 shares at the price of Rs. 676.50 per share at the premium of Rs. 666.50 per share during the year ended March 31, 2026. Accordingly, share suspense account stands nil as on March 31, 2026 (refer note 8). <BR> 14. The Parent Company passed resolutions to sell certain land parcels. These land parcels were reclassified as "Assets held for sale". <BR> 15. The Board of Directors has recommended final dividend of 10% i.e. Rs. 1 per equity share for the year ended March 31, 2026 subject to approval of shareholders. <BR> The Previous period/ year figures have been rearranged & regrouped wherever consider necessary. <BR> 2025-04-01 2026-03-31 Audited Consolidated 2673500000 569800000 3243300000 1783800000 334500000 -214900000 292600000 1007600000 364000000 1722600000 5290200000 -2046900000 -181500000 -2228400000 0 0 0 0 -2228400000 -441500000 0 -441500000 0 -2669900000 -4380500000 -7050400000 -2661800000 -8100000 -7049800000 -600000 458800000 10 0 -48.39 -48.39 -9.62 -9.62 -58.01 -58.01 Other Expenses 833600000 Other Expenses 1722600000 4594400000 266700000 2100000 0 380100000 4800000 0 0 21988200000 0 600000 83500000 22072300000 0 327000000 27647400000 1329400000 492700000 325400000 555200000 222700000 1200000 72000000 1669200000 0 611400000 3610000000 134200000 0 31391600000 458800000 17631700000 18090500000 54600000 18145100000 8462100000 0 0 0 683800000 9145900000 142900000 0 0 9288800000 1060600000 126000000 364100000 490100000 255100000 1805800000 455200000 1696700000 0 0 3957700000 0 0 13246500000 31391600000 Other non-current financial assets 83500000 Other non-current assets 201800000 Other non current tax assets 125200000 Other current financial assets 72000000 Other current assets 611400000 Other Financial Liabilities 676000000 Lease liabilities 7800000 Other financial liabilities 251400000 Lease liabilities 3700000 Other current liabilities 455200000 Refractories 366100000 Tyres 543900000 Tours and Travel service 7000000 Refractories 1136900000 Tyres 1493100000 Tours and Travel service 51900000 917000000 2681900000 100000 600000 916900000 2681300000 Refractories -38100000 Tyres -713300000 Tours and Travel service -3600000 Refractories -202200000 Tyres -1282800000 Tours and Travel service -9000000 -755000000 -1494000000 276600000 1007600000 400300000 168300000 -1431900000 -2669900000 Refractories 3210900000 Tyres 4370200000 Tours and Travel service 156200000 7737300000 23654300000 31391600000 Refractories 2133400000 Tyres 427300000 Tours and Travel service 52600000 2613300000 10633200000 13246500000 1007600000 -839200000 -121400000 0 -280200000 0 0 -15500000 0 183200000 0 174600000 0 364000000 12300000 200000 0 54500000 0 0 96300000 218700000 0 47400000 0 -249100000 0 240800000 0 264200000 -1964200000 0 0 0 13000000 0 -1977200000 1000000 0 5502200000 5997100000 0 0 0 0 0 1039500000 195800000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 96300000 216200000 0 197200000 -827900000 0 0 0 0 0 0 0 0 2760600000 0 5600000 44200000 557900000 0 0 2152900000 -652200000 275400000 -376800000 932000000 555200000 Fair Value of Equity Instruments -4347400000 Income Tax effect on above 0 Re- measurement of Defined Benefit Plans -5000000 Income Tax effect on above 0 -4352400000 Fair Value of Equity Instruments -4663700000 Income Tax effect on above 0 Re- measurement of Defined Benefit Plans 7800000 Income Tax effect on above 0 -4655900000 0 0 Exchange diffrence in translating the financial statements of foreign operations 138900000 138900000 Exchange diffrence in translating the financial statements of foreign operations 275400000 275400000 0 0 -4213500000 -4380500000