Prism Cement today reported a rise of over two fold in its net profit for the second quarter ended September 30 to Rs 34.97 crore, over the corresponding period a year ago.

Net sales of the company also rose to Rs 228.40 crore in the latest quarter from Rs 163.17 crore of the same quarter a year ago, Prism Cement said in a filing to the Bombay Stock Exchange (BSE).

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Shares of Prism Cement were trading at Rs 50.65, down 7.32 per cent in the late afternoon trade on the BSE.

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