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Shree Cement Q2 net profit down 25%

October 30: Shree Cement's net profit for the quarter ended September 30 (Q2, 2013-14) stood at Rs 172.22 crore compared to a net profit of Rs 228.13 crore during the same quarter last year (Q2, 2012-13), registering a drop of 24.51 %, according to company information.

According to available information, the net profit of the company declined during the quarter mainly due to higher raw material costs and freight charges and other expenses.

During Q2, 2013-14, total income from operations of the company stood at Rs 1247.54 crore compared to Rs 1297.16 crore in the same period last year (2012-13), registering a 3.83% drop.

During the quarter ended June 2013-14, net profit of the company stood at Rs 284.31 crore.

Following are the Q2 results of Shree Cement in 2013-14 and 2012-13 (in Rs crore) (reviewed):