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Dalmia Bharat reports decline in profits

21 October 2024, Published under Cement News

Dalmia Bharat Ltd has reported a 60.1 per cent decline in consolidated net profits to INR490m (US$5.8m) for the September quarter due to a decline in cement prices. The company had posted a net profit of INR1.23bn for the same period last year.  In this period, the company has noted that operations are also down 2.09 per cent to INR3.08bn from INR3.15bn in the previous year. Sales volume was up by 14.1 per cent to 6.7Mt YoY.  Dalmia Bharat’s CFO, Dharmender Tuteja, said, “We delivere...