Shree Cement net profit rises, India

Shree Cement net profit rises, India
Published: 11 November 2011

Shree Cement Thursday registered a nearly three-fold rise in net profit to INR38.49 crore (US$7.7m) for the second quarter of the current fiscal.

The cement-maker had clocked a INR10.53 crore net profit in the corresponding quarter last fiscal year, it said in a filing to the BSE.

Net sales of the company rose to INR854.64 crore during the reporting quarter from INR717.59 crore a year ago.

Cement business contributed INR848 crore to the company’s top-line and the power segment INR80 crore. The net sales figure was arrived at after deducting inter-segment revenues