Cement maker OCL India today said its net profit jumped over two-folds to Rs 55 crore in the quarter ended March 31, 2010, on the back of higher volume and better prices.
The company had reported a net profit of Rs 23 crore in the same quarter last fiscal.
"The rise in net profit is mainly because of higher volume and better price," OCL India managing Director M H Dalmia told PTI here.
Net sales of the company, which mainly operates in the Eastern region of the country, shot up by 19 per cent during the quarter at Rs 418 crore compared to Rs 350 crore in the corresponding quarter last fiscal.
The FY10 net profit of the company rose by 41 per cent to Rs 164 crore against Rs 116 crore in FY'09.
Net sales also increased by 23 per cent to Rs 1,374 crore during the year compared to Rs 1,119 crore in 2008-09.
Cement sales of the company during the reporting fiscal stood at 3.3 lakh tonnes against 2.6 lakh tonnes in 2008-09.
Operating margin of the company also increased to 29 per cent from 24 per cent a year-ago.