Sanghi’s PAT up 234% to ` 41.9 cr in Q3’FY13 [June 2013]

Building Material
Sanghi Industries Ltd., Gujarat’s one of the leading cement manufacturers, posted a 234 per cent jump in net profit to ` 41.9 crore for the third quarter ended March 31 as against a net profit of ` 12.5 crore for the same quarter in previous financial year. Net sales in current fiscal’s Q3 was at nearly the same level at ` 298.1 crore from ` 297.1 crore in previous year’s Q3.
For the 9 months of current financial year, profit after tax (PAT) zoomed to ` 81.6 crore against a net loss of ` 21.8 crore for first 9 months in last fiscal. Net sales for current 9 months were up by 17.3 per cent at ` 797.7 crore as against ` 680 crore in the corresponding period of last year.
Alok Sanghi, Director , Sanghi Industries, said, “Our strategy of diversifying sales to markets in Maharashtra and Rajasthan and not depending entirely on Gujarat has begun to pay off as we are able to operate at near full capacity and thus derive higher profit margins.”

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