On the back of higher sales, Shree Cement has posted a nearly five-fold rise in net profit to Rs 228.13 crore for the quarter ended September 30, 2012 as compared to the same quarter of previous fiscal.
The Kolkata-based cement maker had registered a net profit of Rs 38.49 crore in the corresponding quarter last fiscal. Net sales of the company rose to Rs 1323 crore during the reporting quarter from Rs 852 crore a year ago.
“Good cement demand coupled with steady realisation and company’s thrust on cost optimisation and continual improvements in efficiency have led the performance,” the company said in a statement.
Shares of Shree Cement closed at Rs 4048.8 on the Bombay Stock Exchange(BSE), down 0.77 per cent from the previous close.
