Adani Group's cement company Sanghi Industries Limited has announced September quarter results for the current financial year. The company's losses widened further in the September quarter. The company in this quarter made Rs. 196 crore, compared to a year-ago net loss of Rs. 38.8 crore was a loss.
Let us tell you that the shares of the company are also sluggish and are continuously falling. Last Friday this share was Rs. It hit a 52-week low of 74.17. In which there was a decrease of up to 1%.
In the quarter ended September, the cement maker posted Rs. 152 crore in the same quarter last year, compared to Rs. 181 crores. Sanghi Industries Ltd for the quarter ended September posted earnings before interest, tax, depreciation and amortization of Rs. 3.1 crore, compared to Rs. 27.9 crore as against an operating loss. Let us tell you that Sanghi Industries is a subsidiary of Ambuja Cements Limited.
Shares of Sanghi Industries Ltd have fallen 40% so far this year. At the same time, it has seen a decline of 32% in one year and 20% in six months. However, the stock has gained 70% in five years. The 52-week low of this Adani Group stock is Rs 74.17.
In January 2024, the share price was Rs 156.20. This stock has a 52-week high price. Talking about the shareholding pattern of the company, 75 percent stake is held by promoters. Public shareholders hold 25 percent stake. Retail investors held 24.5% in Sanghi Industries Ltd during the September quarter. Shares were unchanged in the September quarter compared to the June quarter.
Note: Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.
. Source
