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