Dalmia Bharat posts 4Q net profit of INR240m

Dalmia Bharat reported a consolidated net profit of INR240m (US$3.2m) for the fourth quarter ended 31 March 2020.

The company posted a net profit of INR2.63bn in the January-March quarter of the previous financial year, the company said in a regulatory filing. However, it cautioned against comparison of the latest results with the previous period as it has shifted to AS 116 standards from 1 April 2019.

Dalmia Bharat’s revenues from operations was INR24.93bn in the 4QFY19-20, down from INR28.42bn in the year-ago period. The company sold 5.17Mt of cement.