JSW Cement on Thursday reported a sharp rise in operating profit for the March quarter as higher sales volumes and improved operating efficiencies boosted margins. The company posted a net profit of Rs 362 crore, which was up 2,162% year-on-year (YoY) from just Rs 16 crore in the last year period.
The strong surge in profit was mainly due to the lower base of last year, which occurred due to a non-cash, exceptional expense.
