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:

Mahindra Internet Commerce Private Limited ceases to be subsidiary of Mahindra & Mahindra Ltd
Ceat Ltd approves re-appointment of Managing Director
Dilip Buildcon signs MOU with Shrem Infraventure Pvt Ltd
Commercial Syn Bags Ltd updates on expansion plan
IST Ltd announces inter se transfer of shares between promoters
Confidence Petroleum India Ltd calls for Board Meeting on March 27, 2017
Nalin Nayyar steps down as interim CEO of Religare Enterprises Ltd
HPCL Board to consider Dividend on March 23, 2017
Som Distilleries & Breweries Ltd starts supply of Black Fort Beer to Karnataka
Sadbhav Infrastructure Project Ltd declared L1 for HAM project by NHAI
BPCL Ltd Board to consider Dividend on Mar 23, 2017
Axis Bank Ltd calls for Board Meeting on April 25, 2017 to consider Q4 results
AVT Natural Products Ltd calls for Board Meeting on April 06, 2017
IndianOil Corporation Ltd to consider 2nd Interim Dividend for FY 2016-17
Vaibhav Global Ltd ranked No.1
Petron Engineering Ltd receives LoI from Shree Cement
Hindustan Zinc Ltd approves special interim dividend of Rs. 27.50
Hindustan Composites Ltd calls for Board Meeting on April 10, 2017
Jet Airways India Ltd approves appointment of Mr. Ranjan Mathai as an Independent Director
Gufic Biosicences Ltd calls for Board Meeting on Monday April 03, 2017
Divis Laboratories Ltd updates on import alert by US FDA
Kilburn Engineering Ltd calls for Board Meeting on Mar 29, 2017
Power Finance Corporation Ltd Fixes Record Date on 1St April, 2017
USG Tech Solutions Ltd announces change in Directorate
Himadri Speciality Chemical Ltd assigned Credit Rating by Infomerics Valuation and Rating Pvt Ltd
Essar Shipping Ltd calls for Board Meeting on Thursday, March 23, 2017 at 4:00 P.M.
Stellar Capital Services Ltd calls for Board Meeting on March 30, 2017
Emami Group pumps in Rs. 350 Crores to join hands with Sheth Corp for 50% partnership in Mulund Project
GOCL Corporation Ltd's Credit Ratings reaffirmed by ICRA
Uflex to exhibit its Holographic Prowess at Gulf Print & Pack Dubai 2017
Varun Beverages Ltd Fixes Book Closure for 22nd AGM
Bharti Infratel Ltd Board approves Dividend of Rs. 10 for 2016-17
Jauss Polymers Ltd shifts factory
RCI Industries & Technologies Ltd to expand capacity at Baddi plant
Sharda Cropchem Ltd Fixes Mar 31, 2017 as Record Date for Second Interim Dividend
Bharat Wire Ropes Ltd commences commercial production from its Chalisgaon facility
Veto Switchgears and Cables Ltd refunded Rs. 10 crore security deposit
Tasty Bite Eatables Limited to list in NSE from March 23, 2017
L&T Finance Holdings Ltd announces resignation of Ms. Kamakshi Rao as independent director
Sandesh Ltd Fixes Mar 27, 2017 as Record Date for Interim Dividend
MindTree Ltd Fixes Apr 10, 2017 as Record Date for Interim Dividend
Veljan Denison Limited announces resignation of CEO
JBF Industries Ltd accepts resignation of Independent Director
Oracle Financial Services Software Limited calls for ESOP allotment committee meeting on Apr 4, 2017
Jiya Eco-Products Ltd developes innovative and cost efficient fuel as Pellets
Fiberweb India Ltd updates on audit
PVR Ltd fixes April 1, 2017 as record date for NCD holders
Axis Bank clarifies on resignation of MD & CEO Shikha Sharma
Oracle Financial Services Software Limited calls for Board Meeting on March 29, 2017
Hemakuta Industrial Investment Company Ltd calls for Board Meeting on March 27, 2017


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

disclaimer copyright © 2005 - 2017