Rising petcoke prices
Petcoke prices have increased to ~$116/ton, which could pressure variable costs in H2 if the trend continues.
DALBHARAT / Q2-FY26 / risks
Keep the risk register visible.
Dalmia Bharat · Material risks, their source context, and severity in the latest available quarter.
Research layer active
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Risk intelligence
Material risks this quarter
medium
GST pass-through impact on realizations
The full pass-through of GST reduction from 28% to 18% has led to lower net realizations, and further price declines beyond GST pass-through are possible in some markets.
JP transaction uncertainty
The outcome of the JP insolvency process is awaited; any delay or unfavorable outcome could impact the 75 MTPA capacity target for FY28.
Trade mix decline impacting realizations
Trade share fell to 52% (lowest in 4 years), indicating a shift toward lower-margin non-trade sales, which could pressure overall realizations.