The Vadodara-based Sanghvi Forging & Engineering announced its Q3 FY14-15 results with a net sales of Rs 25.50 crore for the period ended December 31, 2014, up from Rs 13.28 crore in the corresponding period of previous year, resulting in an increase of 92 per cent. The company showed a cash profit of Rs 1.55 crore in the quarter ended December 31, 2014 against a net loss of Rs 1.39 crore in the same period last year. EBITDA margins also improved to 18.23 per cent against the last year´s 12.04 per cent on nine months basis. Export continues to drive the growth. It clocked Rs 5 crore for the quarter ended December 31, 2014 from Rs 2.22 crore in the previous year. The company already received 25 approvals for the new plant, which includes multinationals and Indian conglomerates.