 "cement industry")
Indian cement maker Dalmia Bharat reported a smaller-than-expected fall in fourth-quarter profit on Wednesday as higher sales volume helped offset the rollback in pricing.
Consolidated net profit fell to 3.15 billion rupees (nearly $38 million) for the quarter ended March 31, from 5.89 billion rupees a year ago. Analysts, on average, estimated the company to report a profit of 2.89 billion rupees, according to LSEG data.
The company's revenue from operations climbed 10% to 43.07 billion rupees.
Cement makers usually report strong sales volumes in the March quarter as they lower prices to clear year-end inventory backlogs. Analysts also expected lower fuel costs and a decline in domestic coke prices to help offset weak cement prices.
Cement prices declined about 5% quarter-over-quarter in India.
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