Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Sanghi Industries reports Q1 PAT of Rs 18.18 crore

Posted On: 2012-11-09 21:38:10

Gujarat's leading cement company, Sanghi Industries Limited, reported a net profit of Rs. 18.18 crore for the first quarter ended September 30, 2012 as against a net loss of Rs. 37.35 crore in Q1 of previous fiscal. Net sales rose by 37% to Rs. 213.31 crore in current year's Q1 as against Rs. 155.60 crore for the previous year's Q1. The earnings per share (EPS) for Q1 stood at Rs. 0.83 as against a negative EPS of Rs. 1.70 in previous Q1.

Commenting on the financial performance of the company, Mr. Alok Sanghi, Director of Sanghi Industries Ltd. said, "Our focus on controlling all manufacturing and financing costs are continuing to pay off and the Q1 net profit for 2012-13 is back in the black as against a net loss in the previous year's Q1. The EBIDTA margin has shot up to 24% in current Q1 as against 7% in the previous Q1. We are also repaying part of our debt so as to reduce the financing cost. We will continue to improve our performance in the coming quarters."

In the first week of November 2012, the promoters of Sanghi Industries raised their shareholding in the company to 60.5% from around 56% after purchasing a 4.5% stake through a bulk purchase deal with a foreign investor, Spinnaker Global Strategic Fund Ltd. While the first deal was valued at Rs. 17.66 crore, the second was Rs. 8 crore, with the total transaction value being Rs. 25.66 crore. The per share acquisition price for Sanghi Industries' promoter group was Rs. 22.70.

For the full year ended June 30, 2012 Sanghi Industries reported a net profit of Rs. 81.87 crore as against a loss of Rs. 29.55 crore in the previous fiscal. Net sales rose by 8.3% to Rs. 974.07 crore in 2011-12 as against Rs. 899.48 crore in previous year, which was a period of 15 months. The earnings per share (EPS) for 2011-12 stood at Rs. 3.72 as against a negative EPS of Rs. 1.34 in the previous accounting year of 15 months.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

NIIT introduces avant-garde GNIIT Digital Transformation
Compuage Infocom Ltd Board recommends Dividend of Rs. 2 for 2015-16
LKP Finance Limited skips final dividend
Avantel Ltd Board to consider Dividend for 2015-16
IFB Agro Industries Ltd to consider financial results on May 14, 2016
Mafatlal Industries Ltd Fixes Book Closure for 2015-16 Dividend & AGM
Seamec Ltd receives notice for Service Tax
ICRA assigns long term rating to Lambodhara Textile Ltd
SMERA Ratings assigns Credit Rating to Hindustan Composites Ltd
Dr Agarwals Eye Hospital Ltd announces change in Directorate
Alicon Castalloy Limited Board recommends Dividend of Rs. 3.75
Oriental Hotels Ltd Board to consider Dividend for 2015-16
Electrosteel Castings Ltd Board to consider Dividend for 2015-16
Amba Enterprises Ltd Fixes Record Date for Stock Split
Take Solutions Ltd announces closure of Trading Window for FY16 results
Pioneer Embroideries Ltd to consider Q4, annual results on May 12, 2016
Mafatlal Industries Ltd Board recommends Dividend of Rs. 3 for 2015-16
Career Point Ltd to consider quarterly, annual results on May 9, 2016
Crown Tours Ltd calls for Board Meeting on May 12, 2016
Bank of Maharashtra to consider financial results on May 12, 2016
Future Lifestyle Fashions Ltd announces change in Directorate
Orient Cement Ltd Board to consider Final Dividend for 2015-16
Eurotex Industries and Exports Ltd Updates on Labour Problem at Company's Mill at Kolhapur
Vipul Dye Chem Ltd announces resignation of Whole Time Director
Wockhardt Ltd updates on Board Meeting on May 06, 2016
Magma Fincorp Ltd Board to consider Dividend for 2015-16
KDDL Ltd to invest Rs. 4 crores in Ethos Limited
Hero Motocorp begins FY'17 with Robust Sales of 612,739 Two Wheelers & Growth of 15% in April 2016
Atul Auto sells 1242 vehicles during April 2016
GMM Pfaudler Ltd Board to consider Final Dividend for 2015-16
Himachal Futuristic Communications Ltd Board to consider second interim Dividend
Sahyadri Industries Ltd Board to consider Dividend for 2015-16
Diamines & Chemicals Ltd Board to consider Dividend for 2015-16
STI India Ltd to consider financial results on May 10, 2016
Ponni Sugars Erode Ltd Board to consider Dividend for 2015-16
Deepak Fertilisers & Petrochemicals Corporation Ltd to approve financial results on May 26, 2016
Rama Petrochemicals Ltd calls for Board Meeting on May 30, 2016
Rainbow Denim Ltd calls for Board Meeting on May 30, 2016
TV18 Broadcast Ltd announces cessation of Rohit Bansal as Director
ALSTOM India Ltd Board to consider Dividend for 2015-16
Florence Investech Ltd Board to consider Dividend for 2015-16
PPAP Automotive Ltd Board to consider Dividend for 2015-16
SRF Ltd to announce FY16 results on May 10, 2016
Amal Ltd stops manufacturing activities on GPCB order
Hindustan Construction Company Ltd appoints Group CEO
Orient Abrasives Ltd announces resignation of Company Secretary & Compliance Officer
Lancer Container Lines Ltd calls for Board Meeting on May 09, 2016
Sowbhagya Media Ltd to launch new website WWW.CINEUDAYAM.COM
Morepen Laboratories Ltd to consider financial results on May 10, 2016
Kothari Products Ltd Board to consider Dividend for 2015-16


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2014