Cement company Sanghi Industries Ltd.'s earnings before interest, tax, depreciation and amortisation turned profitable at Rs 30.3 crore from a loss of Rs 22.8 crore in the corresponding quarter of the previous fiscal.
The Adani Group-owned company posted a 37% advance in its revenue from operations for the quarter ended December at Rs 259 crore, as compared to Rs 189 crore in the year-ago period.
The cement-maker narrowed its loss to Rs 97 crore for the October-December quarter, compared to Rs 202 crore in the same period last year, according to an exchange filing on Monday.
Sanghi Industries Q3 Highlights (Consolidated, YoY)
Revenue up 36.9% to Rs 259 crore versus Rs 189 crore.
Ebitda at Rs 30.3 crore versus loss of Rs 22.8 crore.
Ebitda margin at 11.7%.
Net loss reduced to Rs 97 crore versus loss of Rs 202 crore.
Shares of the company closed 3.45% lower at Rs 60.25 apiece on the NSE, as compared to a 1.14% decline in the benchmark Nifty 50.
In the last 12 months, shares of the company have fallen 49.83%. The relative strength index of the company stood at 40.71.
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