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Our Bureau

Kolkata , Jan. 18

Shree Cement Ltd has for the quarter ended December 31, 2006, posted a 272 per cent jump in net profit to Rs 104.13 crore against the Rs 27.96 crore recorded in the corresponding quarter of the previous financial year.

Net sales increased to Rs 364.54 crore (Rs 144.29 crore). Operating profit increased from Rs 43.9 crore to Rs 164.83 crore, with operating margin going up from 30.42 per cent in Q3 of last year to 45.22 per cent in the quarter under review.

The board met on Thursday to take the third quarter results on record.

During the nine months in the current fiscal, net profit has increased by 206 per cent to Rs 279.85 crore against the Rs 91.32 crore recorded in the corresponding period of previous fiscal.

Net sales increased to Rs 989.88 crore against Rs 442.19 crore, showing growth of 124 per cent.

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