Sanghvi Forging & Engineering Q1 FY13 PAT up 63%

AHMEDABAD: Vadodara based Sanghvi Forging & Engineering Ltd reported 28.33% rise in its net sales at Rs 987.99 lakh for the first quarter ended 30 June 2012 as against Rs 770.50 lakh in the Q1 of the previous year.

The profit after tax for the quarter stood at Rs 99.25 lakh against Rs 60.82 lakhs in the Q1 of previous year. A rise of 63.19% in net profit (PAT).

Jayanti Sanghvi, MD of Sanghvi Forging said, "We have a healthy order book from both domestic & overseas market. Our new plant is all set to commence this quarter."

Sanghvi Forging & Engineering is engaged in manufacturing of open and closed die forging products. The company got listed last year.