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India’s JK Lakshmi Cement reported a lower fourth-quarter profit on Tuesday, as rising costs and softer prices overshadowed volume growth in a seasonally strong period.
Standalone net profit after tax fell 3% to 1.38 billion rupees ($16 million) during the January-March quarter.
Adani Group in talks to buy Heidelberg’s Indian cement operations, ET reports
Revenue from operations rose 5.5%, while costs increased 6%.