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Shree Cement Ltd.'s third-quarter profit jumped, beating analysts' estimates.

The cement manufacturer's net profit grew 2.5 times year-on-year to Rs 701.9 crore in the quarter ended September, according to an exchange filing on Saturday. That compares with the Rs 536.9 crore consensus estimate of analysts tracked by Bloomberg.

The board also approved a dividend of Rs 50 per share.

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