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Sangam sees a dip in Q2 net sales, profits

Sangam’s net sales for the December quarter were Rs 441.93 crores as compared to Rs 472.54 crores during the September quarter. Net profit was Rs 0.16 crores for the December quarter as against Rs 9.72 crores for the September quarter. EPS was Rs 0.04 for the December quarter as compared to Rs 2.47 for the September quarter.

Net sales were Rs 441.93 crores for the year as compared to Rs 423.18 crores during the earlier year. Net profit was Rs 0.16 crores for the year as against Rs 3.76 crores for the previous year. EPS was Rs 0.04 for the year as compared to Rs 0.95 for the preceding year.

Net sales were Rs 1390.68 crores during the nine month period as compared to Rs 1237.81 crores during the nine month period in the preceding year. Net profit was Rs 14.06 crores for the nine month period as against Rs 5.40 crores for the nine month period the previous year. EPS was Rs 3.57 for the nine month period as compared to Rs 1.37 for the nine month period the previous year.

Sangam, which opened in 1984, is a vertically integrated unit, starting from yarn right up to garments. It does cotton and synthetic yarns, denim fabrics, suiting fabrics, PV suitings.

 

 
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