Sanghvi Movers Q4 PAT dips 13% to Rs 21.7 cr

Sanghvi Movers Ltd, engaged in crane servicing, today said its profit after tax fell 13% to Rs 21.72 crore during the quarter ended March 31, 2011 as against Rs 24.92 crore for the corresponding quarter an year ago.

The company's net sales for the quarter stood at Rs 104.39 crore, up 22.29%, against Rs 85.36 crore for the corresponding quarter of last year, it said in a statement.

Shares of Sanghvi Movers today closed at Rs 114 on the BSE, down 2.48% from previous close.