Sanghi Industries sees revenue decline YoY

Sanghi Industries has posted revenue of INR2883.3m (US$34.5m) in the quarter ended 31 March 2024. This compares to INR2270.1m in the same period a year earlier. Net loss over the same period came in at INR190.2m, versus INR1045.6m in the year-ago period. According to the company, the basic loss per share from continuing operations stood at INR0.74 over the three-month period, down from INR4.14 in the same quarter in 2023. 

For the full year ended 31 March 2024 (FY24), Sanghi reported revenue of INR8339.5m, down from INR9478.1m in the previous year. Net loss for the 12-month period came in at INR4487.9m, marking an expansion from the INR3257m seen in the year-ago period, with a basic loss per share from continuing operations of INR17.37 in FY24, versus INR12.88 in the same period a year earlier.