Sanghvi Forging generated healthy revenue [Mar 2012]

Vadodara based Sanghvi Forging & Engineering announced its unaudited financial results for the third quarter of FY12 after the company got listed in May 2011 last year. The company’s Q3 PAT stood at Rs.106.22 lacs as against Rs.125.17 lacs in the previous quarter and revenues stood at Rs.1380.58 lacs for the third quarter as against Rs.1233.92 lacs in the previous quarter, a jump of 11.89 per cent.   
Sanghvi Forging is a manufacturer of forging products for the non-automotive sector. The company has an installed capacity of 3,600 MTPA for manufacturing of forged flanges and precision machined components (with single piece forging up to 4 MT) in the area of open and closed die forgings. Key raw materials used for manufacturing these products are carbon steel, alloy steel and stainless steel. The company operates from its plant based in Vadodara, Gujarat.
Jayanti Sanghvi, Managing Director informed that the company has bagged some good orders from the domestic and overseas market in the last quarter.