Sanghi Industries is doing pretty well today morning. The stock opened with a gain of over 9.5% at Rs.64.70, which was also its intra day high. Its 20% UC is at Rs.70.85.
The market seems to have given its Q4FY19 earnings a thumbs up. The company posted a 9% (YoY) rise in revenue at Rs.276 crore and net profit was up by a healthy 42% at Rs.26 crore.
Its operating profit was up 12% at Rs.46 crore and margins showed a small improvement from 16.3% to 16.7%. The company’s biggest expense is the selling & distribution and it eats away 39% of the total income.
The company ended FY19 with a net profit at Rs.52 crore, down from Rs.93