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.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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