Cement manufacturer Sanghi Industries Ltd reported net sales of Rs 286.3 crore and net profit of Rs 21.6 crore for the second quarter ended December 31. This was against net sales of Rs 227.1 crore and profit of Rs 3 crore in the corresponding quarter of the previous fiscal.
Interest payment during the quarter fell to Rs 6.8 (Rs 22 crore), which resulted in higher profitability, said Alok Sanghi, Director.
“We have planned to reduce debt by around Rs 100 crore through internal accruals in the current fiscal ending June 30,” he added.