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:

Torrent Power posts PAT of Rs. 865.6 crores for FY16
Rupa & Company Ltd calls for Board Meeting on May 30, 2016
Ballarpur Industries Ltd Board to consider Dividend for 2015-16
Subros Ltd Board to consider Dividend for 2015-16
Techtran Polylenses announces resignation of Director
PTC India Ltd Board recommends Dividend of Rs. 2.50
JK Lakshmi Cement Ltd Board recommends Dividend of Rs. 0.25
Kakatiya Textiles Ltd calls for Board Meeting on May 26, 2016
Fairdeal Filaments Ltd Board to consider Dividend for 2015-16
Balkrishna Industries FY16 PAT jumps to Rs. 575.94 crores
D B Realty Ltd Board to consider Dividend for 2015-16
Chemfab Alkalis Ltd Board recommends Dividend of Rs. 1.25
Hitachi Home & Life Solutions India Ltd Board to consider Dividend for 2015-16
Som Distilleries & Breweries Ltd Board recommends Dividend of Rs. 1.50
PTC India Ltd FY16 net profit soars to Rs. 430.25 crores
Virat Crane Industries Ltd Board to consider Final Divided for FY16
Future Lifestyle Fashions Ltd Board to consider Dividend for 2015-16
McDowell Holdings Ltd to consider financial results on May 30, 2016
Shree Pushkar Chemicals & Fertilisers Ltd calls for Board Meeting on May 27, 2016
Poddar Pigments Ltd Board to consider Final Dividend
Oceanaa Biotek Industries Ltd Board to consider Bonus Issue & Final Dividend
ZEN Technologies Ltd Board to consider Dividend for 2015-16
Shaily Engineering Plastics Ltd Board recommends Dividend of Rs. 4
Hercules Hoists Ltd Board to consider Dividend for 2015-16
Mahindra Holidays & Resorts India Ltd Fixes Book Closure for Dividend & 20th AGM
JK Lakshmi Cement Q4 profit climbs to Rs. 48.38 crores
MMTC Ltd to announce FY16 results on May 27, 2016
Texmaco Infrastructure & Holdings Ltd Board to consider Dividend for 2015-16
Corporation Bank posts loss of Rs. 502 crores in FY16
Texmaco Rail & Engineering Ltd Board to consider Dividend for 2015-16
Swan Energy Ltd Board to consider Dividend for 2015-16
Deltron Ltd Board to consider Dividend for 2015-16
Novartis India Ltd Board to consider Dividend for 2015-16
Kartavya Udyog Viniyog Ltd Board to consider Dividend
Tide Water Oil India Ltd Board to consider Final Dividend for 2015-16
Sarthak Global Ltd Board to consider Dividend for 2015-16
Shivam Autotech Ltd Board to consider Dividend for 2015-16
Arex Industries Ltd Board to consider Dividend for FY16
Nikhil Adhesives Ltd Board to consider Dividend for 2015-16
Flex Foods Ltd Board to consider Dividend for 2015-16
Lincoln Pharmaceuticals Ltd Board to consider Dividend for 2015-16
Nicco Parks & Resorts Ltd Board recommends Final Dividend of Rs. 0.15
JSW Steel Ltd Board recommends Dividend of Rs. 1
Shristi Infrastructure Development Corporation Ltd Board to consider Dividend for 2015-16
Uflex Ltd Board to consider Dividend for 2015-16
IndiaNivesh Ltd Board to consider Final Dividend for 2015-16
Indo Rama Synthetics (India) Ltd Board recommends Dividend of Rs. 1 for 2015-16
Fomento Resorts & Hotels Ltd Board to consider Dividend for 2015-16
Unitech Ltd to consider FY16 results on May 30, 2016
IFCI Ltd to announce FY16 results on May 28, 2016


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

disclaimer copyright © 2005 - 2014