Shree Cements Q3 net profit up 35% at Rs 167.4 cr

Shree Cements has announced its third quarter results of FY10. Its net profit went up 35% to Rs 167.4 crore from Rs 124 crore.

Net sales increased 30.17% to Rs 866 crore from Rs 665.3 crore. Bottomline was below expectations on account of higher depreciation while topline in-line with estimates. CNBC-TV18 was expecting net profit at Rs 203.5 crore and net sales at Rs 866.5 crore.

The company said depreciation was up from Rs 51 crore to Rs 95 crore.

Source: CNBC-TV18
Courtesy moneycontrol.com

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