Shree Cement posted a six-fold jump in net profit at Rs 352 crore for the fourth quarter ended June 30, 2012 on back of higher realisation. The company had a net profit of Rs 55 crore in previous year quarter.
The total income increased 44% to Rs 1,487 crore as against Rs 1,034 crore in June 2011.
Meanwhile, the board had recommended final dividend of Rs 8 per share or 80% for the fifteen months period ended June 30, 2012.
The stock opened at Rs 3,259 and hit a record high of Rs 3,430 on the BSE. A combined 61,478 shares have changed hands on the counter so far on both the exchanges.