Shree Cement sees fivefold profit jump in 2QFY19-20

Indian cement producer Shree Cement has seen its profit surge fivefold to INR3.133bn for the quarter ended 30 September 2019 (2QFY19-20). In the year-ago period, the company posted a consolidated net profit of INR637.7m, according to a company filing to the Bombay Stock Exchange.

The consolidated total income of the company increased to INR30.308bn, up 4.3 per cent when compared with INR29.072bn in the 2QFY18-19.