Sanghvi Movers Ltd, engaged in crane servicing, has said its profit after tax fell 13 per cent to Rs 21.72 crore during the quarter ended March 31, 2011 from Rs 24.92 crore during the corresponding quarter an year ago.
The company’s net sales for the quarter stood at Rs 104.39 crore, up 22.29 per cent, against Rs 85.36 crore during the corresponding quarter last fiscal, it said in a statement.