Dalmia Bharat records 13% fourth quarter sales drop in 2020

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India: In the fourth quarter of the fiscal year ending 31 March 2020 Dalmia Bharat sold 5.17Mt of cement worth US$326m, down by 13% year-on-year from US$374m in the same period of the previous fiscal year. Net profit for the quarter was US$3.16m. The company said that the figure was “not comparable to the previous year’s fourth quarter profit of US$34.6 due to a change in reporting standards, according to the Press Trust of India. Full year net profit fell by 32% to US$31.3m from US$45.9m and revenues grew by 2% to US$1.27bn from US$1.25bn.

Last modified on 17 June 2020

URL: https://globalcement.com/news/item/10964-dalmia-bharat-records-13-fourth-quarter-sales-drop-in-2020

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