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Aug 23, 2012, 03.31 PM IST
Shree Cements' net profit rose quite significantly to Rs 351 crore in the quarter ended June 2012 as against Rs 55 crore in a year ago period, which was higher than analysts' expectations of Rs 136.6 crore.
Net sales jumped 40.72% to Rs 1,455 crore from Rs 1,034 crore during the same period. Analysts on an average had expected it in the vicinity of Rs 1,380 crore. Shree Cements, one of the top five cement manufacturers, has recommended final dividend of Rs 8 a share. Other income doubled to Rs 32 crore during the same period.
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