Shree Cement Q2 net up 3-fold at Rs 38 cr

Riding on higher sales, Shree Cement today clocked a nearly three-fold rise in net profit to Rs 38.49 crore for the second quarter of the current fiscal.

The cement-maker had registered a Rs 10.53 crore net profit in the corresponding quarter last fiscal, it said in a filing to the BSE.

Net sales of the company rose to Rs 854.64 crore during the reporting quarter from Rs 717.59 crore a year ago.

Cement business contributed Rs 848 crore to the company's top-line and the power segment Rs 80 crore. The net sales figure was arrived at after deducting inter-segment revenues.

Consumption of raw material and power and fuel costs stood at Rs 95.38 crore and 203.31 crore, respectively, during the reporting quarter.