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Sanghi Industries Ltd has posted a net profit of Rs 31.60 crore for the quarter ended June 2017, showing an increase of 33 per cent from Rs 23.75 crore reported in the same quarter a year ago.
Total income stood at Rs 315.29 crore for the quarter under review, up by 4 per cent, against Rs 302.27 crore in the corresponding quarter last year.
The company's EBIDTA for the quarter under review stood at Rs 68.15 crore, higher by 3 per cent, against Rs 65.94 crore in the same period last year.
Alok Sanghi, Director, Sanghi Industries Ltd, said, "There has been improvement in price realisation in the first quarter of fiscal 2017-18, which has improved our margins. However, cost was impacted due to higher fuel and diesel cost that in turn affected our logistics cost. Moving further, we expect very good cement demand in fiscal 2017-18 due to infrastructure projects announced by the government."
The company shares ended lower by 9.4 per cent at Rs 76.55 on the NSE.
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