Sangam Q3 FY 16 net profit up by 12.92 pct
Earnings before Interest, depreciation and Taxation (EBIDTA) increased of 4.02 per cent at Rs 55.35 crore compared to Rs 53.21 crore in the corresponding quarter ended December 31, 2015.
The company’s operating margins improved by 112 bps to 15.61% in Q3FY16. Increased integration focus on exports helped the company in maintaining realizations, despite falling prices.
However, falling commodity priced impacted company’s net sales during the quarter. Company’s total income from operation dipped marginally to Rs 354.54 crore for the quarter ended December 31, 2015 compared to Rs 367.31 crore in the corresponding quarter ended December 31, 2014.
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