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May 15, 2012, 04.52 PM IST
Shree Cement, a fourth largest cement company by market cap has reported a growth of 73.44% year-on-year in its net profit at Rs 114 crore for the fourth quarter of FY12 due to sharp rise in other income.
Net sales increased over 38% to Rs 1,478 crore from Rs 1,070.12 crore year-on-year. Other income advanced sharply by 266.67% to Rs 77 crore in the January-March quarter as against Rs 21 crore in a year ago period. Analysts on average had expected net profit at Rs 92.4 crore and net sales at Rs 1,463.4 crore. Shree Cement has decided to pay a dividend of Rs 6 a share.
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