Shree Cement today reported a whopping 267 per cent jump in net profit to Rs 217.44 crore in the October-December quarter this fiscal on higher sales.

It had clocked Rs 59.19 crore net profit during the same period last fiscal, the Kolkata-based firm said in a BSE filing.

Net sales of Shree Cement rose to Rs 1,428 crore, as against Rs 1,196 crore a year ago.

Cement business contributed Rs 1,115 crore to the total sales, while the power segment contributed Rs 449 crore.

The company scrip settled at Rs 4,415.10 on the BSE, down 2.42 per cent over the previous close.