Dalmia Bharat's 2QFY25 results showed a 26% YoY decline in EBITDA to INR 4.3 billion, with a 54% drop in PAT to INR 550 million. Despite weak performance, management anticipates an 8% YoY demand growth in 2H, driven by construction and infrastructure projects. The stock, down 25% since December 2023, is valued at a revised target price of INR 2,250, maintaining a BUY rating.