Sanghvi Movers net down 25% y-o-y

Crane leasing firm Sanghvi Movers Ltd has posted a 25.47 per cent drop in net profit to Rs 21.47 crore during the July-September quarter this fiscal on a year-on-year basis.

The company net profit stood at Rs 28.81 crore during the same period last year.

The Pune-based firm generated income of Rs 80.42 crore during the second quarter, which is down 15.91 per cent against Rs 95.64 per cent it had managed a year back, the company said in a filing to the Bombay Stock Exchange.