Shree Cement’s net profit rose by 538 per cent year-on-year to Rs 351 crore in the first quarter of FY13 as against analysts’ expectations of Rs 136.6 crore. Net sales jumped 40.72 per cent YoY to Rs 1,455 crore as against analysts’ forecast of Rs 1,380 crore. Shares of Shree Cements gained as much as 5 per cent to touch a 52-week high of Rs 3,430 after higher than expected numbers in the quarter ended June 2012.