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India’s Shree Cement beats Q1 profit view on strong domestic demand – ET Infra

[ad_1] BENGALURU: Indian cement company Shree Cement Ltd reported a bigger-than-expected 84% rise in first-quarter profit on Wednesday, helped by robust domestic demand. The company reported a profit of 5.81 billion Indian rupees ($70.87 million) for the three months ended June 30, beating analysts’ average estimate of 4.29 billion rupees, according to Refinitiv IBES data. […]

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Dalmia Bharat posts 34% fall in Q1 profit on pricing concerns – ET Infra

[ad_1] Indian cement manufacturer Dalmia Bharat reported a nearly 34% fall in first-quarter profit on Thursday as lack of growth in cement prices and rise in raw material prices outweighed volume growth. The company’s consolidated net profit fell to 1.30 billion Indian rupees ($15.86 million) for the quarter ended June 30, from 1.96 billion rupees

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