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 Lifespace Developers Ltd updates on JV with HDFC Fund
Borosil Glass Works Ltd calls for Board Meeting on Nov 2, 2017
Music Broadcast Ltd to consider 2nd quarter results on Nov 1, 2017
Inox Leisure Ltd to announce Q2 results on Oct 31, 2017
SRM Energy Ltd announces resignation of Mr. Sameer Rajpal
Infosys Ltd Board declares Interim Dividend of Rs. 13 for 2017-18
KSE Ltd to consider quarterly results on Nov 14, 2017
Rural Electrification Corporation Ltd calls for Board Meeting on Nov 6, 2017
Asian Paints Ltd Board declares Interim Dividend of Rs. 2.65
Camlin Fine Sciences Ltd to consider second quarter results on Nov 1, 2017
Coffee Day Enterprises Ltd calls for Board Meeting on Nov 9, 2017
IL&FS Transportation Networks Ltd to approve second quarter results on Nov 10, 2017
National Fertilizers to consider Q2 results on Nov 10, 2017
SAIL to consider 2nd quarter results on Nov 9, 2017
Bajaj Hindusthan Sugar Limited calls for Board Meeting on Oct 27, 2017
NLC India Ltd calls for Board Meeting on 7th November,2017
Dalmia Bharat Ltd to consider Q2 results on Nov 7, 2017
Cindrella Hotels Ltd updates on sale of property
Zee Entertainment Enterprises Ltd Q2 net profit jumps to Rs. 590.80 crores
Reliance Nippon Life Insurance Company renewal premium grew to Rs. 762 crore
Tara Jewels Ltd receives export orders of Rs. 83.2 crores
TTK Prestige Ltd posts net profit of Rs. 43.28 crores in Q2
HDFC Bank Ltd Q2 PAT rises to Rs. 4151.03 crores
Phillips Carbon Black Ltd Q2 net profit higher at Rs. 50.78 crores
Bharat Road Network Ltd to announce second quarter results on Nov 2, 2017
Wheels India Ltd to consider Q2 results on Nov 6, 2017
Hikal Ltd calls for Board Meeting on Nov 1, 2017
Surat Textile Mills Ltd calls for Board Meeting on Oct 30, 2017
InterGlobe Aviation Ltd calls for Board Meeting On Oct 31 2017
Balrampur Chini Mills Ltd to approve Q2 results on Nov 7, 2017
Phillips Carbon Black Ltd Board declares Interim Dividend of Rs. 6 for FY17-18
Ras Resorts & Apart Hotels Ltd calls for Board Meeting on Nov 11, 2017
Greenply Industries to consider Q2 results on Nov 8, 2017
Punjab Communications Ltd calls for Board Meeting on Nov 14, 2017
TI Financial Holdings Ltd to consider 2nd quarter results on Nov 11, 2017
Union Bank of India approves OTS proposal of Indosolar Ltd
India Cements Capital Ltd calls for Board Meeting on Nov 9, 2017
US FDA approves Panacea Biotec's ANDA of Prasugrel
PTC India Financial Services Ltd announces expiry of term of Director
Sintex Plastics Technology Ltd to consider 2nd quarter results on Oct 31, 2017
Vascon Engineers Limited receives Letter of Intent amounting to Rs. 70.40 Crores
Shree Cement Ltd calls for Board Meeting on Nov 8, 2017
Tata Steel Ltd to announce Q2 results on Oct 30, 2017
Tata Investment Corporation Ltd calls for Board Meeting on Nov 7, 2017
Johnson Controls-Hitachi Air Conditioning India Ltd calls for Board Meeting on Nov 7, 2017
Gabriel India Ltd announces resignation of Independent Director
Mangalam Cement Ltd to announce Q2 results on Nov 11, 2017
MM Forgings Ltd calls for Board Meeting on Nov 13, 2017
High Energy Batteries India Ltd to consider 2nd quarter results on Nov 11, 2017
Premier Explosives Ltd receives approval for drawings of factory at Katepally Village


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

disclaimer copyright © 2005 - 2017