Shree Cement, a cement manufacturer in India, posted a fall of 2.46% in fourth quarter earnings.

It earned net profit of Rs 2.77 billion for the quarter ended Jun. 30, 2014 as compared to Rs 2.84 billion in the same period last year. 

Total income increased 14.3% to Rs 16.56 billion for the quarter ended Jun. 30, 2013 from Rs 14.49 billion in the year ago period.

Shares of the company declined Rs 59, or 0.74%, to trade at Rs 7,880. The total volume of shares traded was 853 at the BSE (12.36 p.m., Tuesday).