Shree Cement has reported results for second quarter ended December 31, 2012.
The company has reported over three-and-a-half-fold rise in its net profit at 217.44 crore for the quarter as compared to Rs 59.19 crore for the same quarter in the previous year. Total income of the company has increased by 20.39% at Rs 1460.33 crore for quarter under review as compared to Rs 1212.97 crore for the quarter ended December 31, 2011.
As the previous accounting year was of 15 months, the figures for the corresponding six months ended December 31, 2011 are derived by aggregating the figures for the quarter ended September 30, 2011 and December 31, 2011.
Shree Cement (SCL), belonging to B.G.Bangur - H. M. Bangur faction of Bangur family of Kolkata, is engaged in manufacturing of cement and power generation. SCL’s eight cement plants in Rajasthan and one grinding unit in Uttrakhand have an aggregate capacity of 13.5 mn tonnes p.a. (PPC; OPC capacity -9 mn tonnes p.a.)
