Sanghi Industries Limited has registered net profit of Rs 18.18 crore for the first quarter ended September 30, 2012 as against a net loss of Rs 37.35 crore in first quarter of previous fiscal. Company's net sales increased by 37 per cent to Rs 213.31 crore in current year’s first quarter as against Rs 155.60 crore for the same period last year.
It may be noted that in the first week of November 2012, the promoters of Sanghi Industries hiked their shareholding in the company to 60.5 per cent from around 56 per cent after purchasing a 4.5 per cent stake through a bulk purchase deal with a foreign investor, Spinnaker Global Strategic Fund Ltd, the company informed in a statement issued on Friday.