Saurashtra Cement records 43% net sales increase

India's Saurashtra Cement Ltd has reported a 43 per cent YoY increase in net sales for the 4QFY18, rising to INR1.82bn (US$26.7m) from INR1.27bn in the year-ago period. Net profit saw a 486.2 per cent surge in the same period to finish at INR260m, with the result attributed to a tax credit.

In the full-year period ending 31 March 2018, the company reported a 12.6 per cent YoY rise in net sales, while net profit advanced 349.4 per cent to INR139m.