Sanghi Industries Q3 Results: Ebitda Swings To Profit
The Adani Group-owned company also posted a 37% advance in its revenue from operations for the quarter ended December at Rs 259 crore.
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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