Shares of ITD Cementation India jumped 20%, touching the monthly high of Rs202.40, after reporting over three-fold jump in net profit at Rs12.38 crore for the fourth quarter ended December 2011 due to lower raw material cost. The construction and engineering firm had registered a net profit of Rs 3.90 crore in the corresponding quarter of previous fiscal.
Net sales grew marginally by 5% at Rs433 crore on year-on-year basis. However, consumption of raw material declined by 20% at Rs143 crore during the recently concluded quarter.
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Net sales grew marginally by 5% at Rs433 crore on year-on-year basis. However, consumption of raw material declined by 20% at Rs143 crore during the recently concluded quarter.
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