SANGAM (INDIA)
CORPORATE SANGAM (INDIA) Q1FY13 NET SALES UP 22% AT RS. 411.09 CRORE NET PROFIT UP 43% AT RS. 9.77 CRORE Sangam (India), one of the leading players in Polyester Viscose (PV)dyed yarn segment in India, posted a 200 per cent rise in net profit at Rs18.09 crore for the second quarter ended September 30, 2012 (Q2FY13) as compared to Rs 6.03 crore in the corresponding quarter previous year Q2FY12. Net sales during this period grew by 2.2% to Rs 384.06 crore as compared to Rs 375.64 crore in the corresponding previous quarter. Slower growth in turnover is attributed to completion of road toll collection projects. Further, a decline in raw material prices has improved operating profit by 44.5% to Rs 60.83 crore as compared to Q2FY12.Lower interest charges have led to an improved the profit after tax. The company has posted an 11.5percent rise in net sales at Rs. 795.15 crore for the half year ended September30, 2012 (H1FY13) as compared to Rs. 713.20 crore ...